Smart Shooter Wants to Turn the Infantry Soldier Into an AI Platform

28 May, 2026

The company’s first quarterly report since its IPO reveals a surge in orders from the U.S., Europe, and Asia — alongside a broader strategy to position its fire-control technology at the core of counter-drone and autonomous warfare systems

Israeli defense-tech company Smart Shooter published its first quarterly report today since going public on the Tel Aviv Stock Exchange, offering a deeper look into one of the Israeli firms seeking to capitalize on the dramatic transformation of the modern battlefield in the wake of the wars in Ukraine and the Middle East.

But beyond the financial figures, the report and accompanying investor presentation also reveal the company’s broader strategic vision: Smart Shooter no longer presents itself merely as a manufacturer of “smart sights,” but as a company aiming to “reinvent infantry” through AI-powered fire-control systems, counter-drone capabilities, and autonomous weapon stations.

The company, developer of the SMASH family of systems, reported first-quarter revenue of approximately $6.6 million, up 26% year-over-year. The standout figure, however, was the sharp increase in bookings: during the quarter, Smart Shooter signed new contracts totaling roughly $17.65 million, representing a 396% increase compared to the same quarter last year. As of May 20, the company’s order backlog had already reached approximately $49 million.

The results indicate that the company is transitioning from the pilot and trial phase into serial procurement programs with military and security customers. Key contracts announced this year include a $10.7 million order for the U.S. Army, additional SMASH 3000 deals in Europe and Asia, and an Israeli Ministry of Defense order for the Hopper Smash system.

In its investor presentation, Smart Shooter emphasized that its systems are already operational with “Tier-1 armies” worldwide, and that the company has been designated as an approved supplier under the U.S. Department of Defense’s I-40 JIATF framework — a status that could pave the way for broader procurement programs in the American market.

Rising Demand From Asia-Pacific

One of the most interesting aspects of the presentation is the way Smart Shooter positions itself within the defense market. The company highlights two primary product lines — soldier-portable systems and remotely operated weapon stations — both built around what it describes as “one technological core.”

In practice, this means an AI and computer-vision engine capable of target detection, tracking, ballistic calculations, and precision fire control for both individual soldiers and autonomous firing stations, ground robots, and border-defense systems.

The company is also attempting to position itself as a key beneficiary of the global surge in counter-drone spending. In the presentation, Smart Shooter points to the “growing need for kinetic defense systems against drone threats, including fiber-optic drones,” alongside rising global defense budgets.

While Europe still serves as the company’s primary revenue engine — accounting for 55% of actual sales in the first quarter — the presentation suggests that future growth is increasingly shifting toward Asia-Pacific and North America. According to the company, 45% of new bookings signed during the quarter came from Asia-Pacific, compared to 38% from Europe and 17% from North America. However, the broader order backlog remains more balanced: Europe accounts for 35% of the backlog, North America 33%, Asia-Pacific 20%, and Israel just 11%.

Although Smart Shooter still posted a GAAP net loss of approximately $6.6 million, most of it stemmed from one-time IPO-related expenses and commitments tied to the Israeli Ministry of Defense. Excluding these items, the company nearly reached operational breakeven, reporting positive adjusted EBITDA of approximately $38,000.

The IPO itself significantly strengthened the company’s balance sheet. As of the end of the quarter, Smart Shooter held roughly $82 million in cash and short-term deposits. In the presentation, the company stated that it plans to expand its sales and maintenance operations in the U.S. and Europe, shorten delivery times, and deepen the integration of its systems with military command-and-control networks.

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