Swarmer Targets $15 Million IPO On Little Revenue, High Risks

Donovan JonesInvesting Group LeaderFollow5ShareSavePlay(12min)CommentsSummarySwarmer, Inc. is pursuing $15 million in a U.S. IPO, offering drone automation software for military applications.SWMR has little revenue, ballooning losses, high cash burn, operational risks from a mostly Ukraine-based workforce, and an excessive IPO valuation at a 367x EV/Revenue multiple.Management lacks commercialization expertise, and the company is exposed to war-related, regulatory, and competitive threats, with little product-market validation.My outlook is to sell (avoid) the SWMR IPO due to high risks, speculative prospects, and excessive IPO valuation expectations.Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More » GoodLifeStudio/iStock via Getty Images Swarmer Is Highly Speculative And Valuation Expectations Are Extreme Swarmer, Inc. (SWMR) has filed to raise $15 million from the sale of its common stock in a U.S. IPO, according to an S-1/A This article was written byDonovan Jones21.55K FollowersFollowDonovan Jones is an IPO research specialist with 15 years of experience analyzing investment opportunities for U.S. IPOs.He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates. Learn moreAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.