Karman Holdings Inc., operating as Karman Space & Defense, released its first quarter fiscal year 2025 financial results, reporting a record quarterly revenue of $100.1 million, marking a 20.6% increase compared to the same period last year. Despite the revenue growth, the company incurred a net loss of $4.8 million. The loss per share was primarily attributed to share-based compensation expenses triggered by the company's initial public offering in February 2025. The company expressed strong confidence in reaching its full-year revenue guidance, which ranges from $423 million to $433 million, due to a significant growth in funded backlog, which enhanced visibility to the midpoint of its 2025 revenue guidance range to 95% by the end of April. Karman Space & Defense, characterized by its vertically integrated and technology-enabled approach, remains a key supplier for prime contractors in the space, missile, missile defense, and tactical uncrewed domains, offering a comprehensive range of integrated system solutions.
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