Amaero (3DA) Q4 2025 TU earnings summary

Executive summary

• Achieved record revenue in Q2 and H1 2025, with H1 revenue of ~$4.8M, up 340% year-over-year and 270% sequentially from Q1 2025.

• Cash position increased to ~$7.5M at June 30, 2025, supporting a sustainable, capital-efficient model.

• Strong order book of ~$11.45M to be delivered by year-end, with major contract wins in European defense.

• Projected to reach profitability in H2 2025 for the first time since IPO.

Financial highlights

• Q2 2025 revenue reached ~$3.8M, a 270% increase over Q1 2025 and 340% over Q2 2024.

• H1 2025 revenue of ~$4.8M already surpasses 137% of full-year 2024 revenue.

• Operating cash flow for the quarter was $6.4M, with positive net cash from operations.

• Cash and cash equivalents at quarter-end totaled $7.47M, up from $883K in Q1.

Outlook and guidance

• Expects to achieve profitability in H2 2025, driven by strong revenue visibility and order backlog.

• Expanding sales and marketing to capitalize on a ~$151M pipeline of opportunities.

• Production capacity to double to ~$150M annually with new EU manufacturer in H2 2025, requiring no capex.