Karman Space & Defense reports preliminary Q2 growth, launches stock offering

Karman Space & Defense (NYSE: KRMN) released preliminary second quarter fiscal 2025 financial results showing revenue growth as the company launched a secondary public offering of 20 million shares by selling stockholders.

The aerospace and defense company expects second quarter revenue between $114.5 million and $115.0 million, representing an estimated 34.6% to 35.2% increase compared to $85.0 million in the same period last year.

Preliminary net income is projected between $6.17 million and $6.20 million, up from $4.60 million in the prior year quarter. The company's funded backlog is expected to reach $712.0 million to $715.0 million, compared to $528.0 million a year ago.

Karman will not receive proceeds from the secondary offering, as existing stockholders are selling the shares. The selling stockholders granted underwriters a 30-day option to purchase up to an additional 3 million shares.

The company scheduled its official earnings release for after market close on August 7, 2025, followed by a conference call at 1:30 p.m. Pacific Time. Management will discuss the results and take questions from analysts and investors.

Karman designs and produces systems for launch vehicles, satellites, spacecraft, missile defense, hypersonics and unmanned aircraft systems. The company serves more than 70 prime contractors across over 100 space and defense programs.

The preliminary financial data has not been audited and remains subject to completion of standard closing procedures, according to the company's press release statement.

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