Airo Shares Hit 52-Week Low After Shipment Delay Hurts 3Q Rev

Dow Jones

Nov 14

By Terell Wright

Shares of Airo Group Holdings fell to a 52-week low after a delay in drone shipments hurt third-quarter revenue.

Shares slid 16% to $10.68 and are down 56% year-to-date.

The aerospace-and-defense company's third-quarter revenue fell roughly 73% to $6.28 million, it said Friday.

The company said sales were hurt by a drop in drone segment revenue due to a $20 million shipment being delayed until the fourth quarter for customer-requested upgrades.

The company says it has booked fourth-quarter revenue totaling $24.5 million as of Friday.

Airo narrowed its third-quarter loss to $7.96 million, or 28 cents a share, compared with a loss of $30.3 million, or $1.85 a share, in the same quarter a year earlier, reflecting lower one-time items and overall operating cost controls, the company said.

Airo said it expects full-year 2025 revenue to exceed 2024 revenue of $86.9 million.

Write to Terell Wright at terell.wright@wsj.com

(END) Dow Jones Newswires

November 14, 2025 10:49 ET (15:49 GMT)

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