By Daniella Parra
Recent IPO AIRO Group Holdings, Inc. (Nasdaq: AIRO) posted its first results as a public company, with second quarter revenue surging 151% to $24.6 million and adjusted EBITDA reaching $4.7 million, up 710%.
Gross margin expanded to 61.2% and net income was $5.9 million, up from a $5.6 million loss in the prior year quarter.
“We are proud to report our first earnings as a public company and to have successfully completed our IPO during the quarter,” Joe Burns, Chief Executive Officer of AIRO, said. “This milestone positions us to accelerate investments in next-generation aerospace capabilities across all four of our strategic segments. In the second quarter, we saw strong commercial traction and technology milestones across the Drone segment. Our team remains focused on disciplined execution as we scale our business to meet growing global demand for autonomy-driven aerospace solutions.”
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