Smart Shooter Backlog Hits $51.6 Million After Surge in New Orders
The US accounted for 55% of the new Smart Shooter contracts, followed by the Asia-Pacific region with 20%, Europe with 15%, and Israel with 10%.
Smart Shooter, an Israeli developer of fire control systems for small arms, reported a 27.3% increase in revenue in the first half of 2026, reaching approximately $16.3 million, compared with $12.8 million in the same period last year.
Second-quarter revenue rose 29.3% to $9.7 million, up from $7.5 million in the second quarter of 2025.
Based in Kibbutz Yagur and founded in 2011 by Michal Mor and Avshalom Erlich, Smart Shooter develops the SMASH fire control system. The system uses AI-based image processing to identify, lock onto and track ground and aerial targets, including drones, and is designed to release ammunition only when the system determines that there is a high probability of a hit.
The company also reported a sharp increase in new orders. During the first half of 2026, Smart Shooter signed binding contracts worth approximately $43 million, a 133% increase from the same period in 2025.
The United States accounted for 55% of the new contracts, followed by the Asia-Pacific region with 20%, Europe with 15%, and Israel with 10%.
The increase in orders brought Smart Shooter's total backlog to $51.6 million at the end of the second quarter, up 88% from $27.4 million at the end of the second quarter of 2025. At least $34 million of the backlog is scheduled for delivery and revenue recognition during the second half of 2026.
On the profitability side, the company reported adjusted EBITDA of approximately $660,000 for the first half of 2026, compared with $500,000 in the same period last year. Smart Shooter also recorded $790,000 in one-time expenses related to employee IPO grants during the first half.
Adjusted net profit reached $1.5 million, compared with an adjusted net loss of $820,000 in the first half of 2025. In the second quarter alone, adjusted net profit increased 174% to approximately $1.9 million, compared with $690,000 in the second quarter of 2025.
Smart Shooter also signed several defense contracts during the second quarter. In May, its U.S. subsidiary secured a $10.7 million contract with the U.S. Department of Defense to supply SMASH 3000SA systems to the U.S. Army.
In June, the company signed contracts worth $1.8 million with the U.S. Navy and $3.4 million with the U.S. Marine Corps. It also executed a contract update that included a $2.4 million option.
In Israel, orders from the Ministry of Defense for Smart Shooter's SMASH HOPPER systems totaled approximately NIS 12.5 million ($4.2 million) across two contracts signed in May and June.
"We conclude the first half of 2026 with a 133% surge in new orders since the beginning of the year and an 88% increase in our order backlog," said Michal Mor, CEO and co-founder of Smart Shooter. "These figures reflect the growing demand for our systems from militaries in the U.S., Europe, and Israel, driven by an operational reality that requires a precise tactical response against drone threats."
"Our primary focus now is expanding our production and delivery capabilities as we prepare to recognize at least $34 million in revenue from our current backlog during the second half of this year," Mor added.
