It's been a rollercoaster since its April IPO, but is -33% below the IP. Shares got slammed after reporting earlier this month, but Q2 revenues beat, but their earnings and backlog came in slightly weaker. Demand for their drones remains strong. They're trying to buy Black Sea Technologies for $650 million, which is lot for this $2 billion company.
A rollercoaster stock, now -23.65% this year. The company used the latest rally to issue another 8 million shares or half the number of shares sold at IPO. The funamental story remains great, but the flood of new shares makes it hard to rally.
It's been a rollercoaster since its April IPO, but is -33% below the IP. Shares got slammed after reporting earlier this month, but Q2 revenues beat, but their earnings and backlog came in slightly weaker. Demand for their drones remains strong. They're trying to buy Black Sea Technologies for $650 million, which is lot for this $2 billion company.