133% jump: Israeli defense company reports record orders
Smart Shooter summarizes an exceptionally strong first half of 2026: revenues grew by approximately 27.3% to about 16.3 million dollars, the order backlog jumped to 51.6 million dollars, and the adjusted net profit shifted from a loss to a profit of 1.5 million dollars. CEO Michal Mor: "Demand is increasing"
The company Smart Shooter, which develops and manufactures fire control systems for small arms-carrying platforms that provide the ability to hit a target accurately, is publishing its financial reports for the second quarter and the first half of 2026. The company is showing significant momentum in activity, reflected in a sharp increase in new orders and the order backlog.
In the summary of the first half of 2026, the company's revenues rose by approximately 27.3% and totaled about 16.3 million dollars, compared to about 12.8 million dollars in the first half of 2025. The adjusted operating profit (EBITDA) stood at about 660 thousand dollars, against about 500 thousand dollars in the corresponding half.
The adjusted net profit recorded an increase of 2.32 million dollars and totaled about 1.5 million dollars, compared to a loss of about 820 thousand dollars in the first half of 2025. During the period, the company recorded one-time expenses totaling about 790 thousand dollars for employee offering grants.
During the first half, the company signed new binding contracts in the amount of about 43 million dollars - a jump of about 133% compared to the corresponding period. Out of the new contracts, about 55% were signed with customers in the USA, about 20% in Asia-Pacific, about 15% in Europe, and about 10% in Israel.
The company's order backlog as of the end of the second quarter reached about 51.6 million dollars, an increase of about 88% compared to about 27.4 million dollars last year (42% from the USA, 24% from Europe, 19% from Asia-Pacific, and 15% from Israel). At least 34 million dollars of the backlog are planned for delivery and revenue recognition already in the second half of 2026.
In the second quarter of the year, revenues rose by about 29.3% to about 9.7 million dollars, as a result of an increase of about 33% in product and service sales. The adjusted operating profit for the quarter stood at about 620 thousand dollars, while the adjusted net profit jumped by about 174% to 1.9 million dollars. During the quarter, the company signed new contracts in the amount of about 25 million dollars (an increase of about 71%).
In the past quarter, the company recorded a series of significant contracts: the US Department of Defense contracted with the subsidiary in the USA for the supply of SMASH3000SA systems for the US Army (about 10.7 million dollars), the US Navy (about 1.8 million dollars), and the Marine Corps (a contract of about 3.4 million dollars with an exercised option in the amount of about 2.4 million dollars more).
At the same time, contracts were signed with the Israeli Ministry of Defense for the supply of SMASH HOPPER systems in amounts of about 6.7 million shekels (about 2.3 million dollars) and about 5.8 million shekels (about 1.9 million dollars), alongside options for expanding the engagements.
Smart Shooter CEO, Michal Mor, stated upon the publication of the reports that the data indicates the increasing demand for the company's systems from armies in the USA, Europe, and the IDF, as an expression of the change in the operational reality that requires a precise tactical response against the drone threat.
"The systems are establishing themselves as an official equipment standard among Western armies. Our main focus now is expanding the production and supply array in preparation for the expected revenue recognition in the second half of the year," Mor added.
