Swarmer

Swarmer surged during regular trading, reaching $43.37 as of ET 09:36, up ~5.2% from the prior close of $41.22, with an intraday range of $41.00-$43.37 and briefly hitting its session high. The rally was driven by an amended supplier pact with Meta Bureau that slashed initial license fees to about $2.5 million and added a Progress TRW license, generating $3.9M in upfront payments plus up to $10.4M in additional upgrade fees, effectively lowering the customer cost barrier. Fundamentals show Q1 FY2026 revenue of just $20.3K, down 81.64% YoY, net loss of $4.46M widening 542.5% YoY, and EPS of -$0.41 vs -$0.25 a year ago. The stock trades at a PB of 22.77x with a negative PE. On a price-level basis, YTD gain stands at 39.9%, the stock remains 47.94% below its 52-week high of $83.30 but 285.51% above the low of $11.25, and it still sits below the 20-day MA of $47.52, suggesting near-term momentum has yet to reverse its intermediate-term weakness.