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Applied Energetics(OTC) AERG

Market Cap$284.41MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2004)-61%
5 Year-16%
1 Year-35%
1 Month-1%
$1.27
+5.83%
+0.07Today
Applied Energetics last closing stock price
MetricPriceDate
Last closeUSD 1.272026-08-10
Applied Energetics stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0%USD 1.272026-08-03
1 month-0.7%USD 1.282026-07-10
3 month-11.19%USD 1.432026-05-12
Year to date-29.83%USD 1.812025-12-31
1 year-35.2%USD 1.962025-08-08
3 year-49.7%USD 2.532023-08-11
5 year-15.89%USD 1.512021-08-11
Since inception-61.16%USD 3.272004-03-19

Applied Energetics Financials at a Glance

Market Cap

$284.41MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$251.97K

Net Income (TTM)

-$15.61M

EPS (TTM)

-$0.07

P/E Ratio

-18.25

Dividend

$0.00

Beta (Volatility)

0.43 (Low)

Price

$1.27

Volume

266,816

Open

$1.21

Previous Close

$1.27

Daily Range

$1.17 - $1.30

52-Week Range

$0.96 - $2.20

Estimated Earnings Date

May 12, 2026

AERG News

Whoa! What Just Happened to My Stock?

Rich DupreyNov 5, 2010

Applied Energetics, Meet Applied Gravity

Rich SmithAug 12, 2008

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About Applied Energetics

Applied Energetics builds lasers and energy systems for defense and research. Its products help detect, disrupt, or analyze threats for government and industry. These tools support safer operations for military, intelligence, and scientific users.

Lasers, Light, and a Little Bit of Zap: What’s on Offer?

  • Ultrashort Pulse (USP) Lasers: High-powered lasers with very short bursts, used for defense, security, and medical research. (Revenue for Q2 2025 was 100% from a single customer.)
  • Advanced Optical Systems: Fiber-based systems that adjust light wavelength for scientific, industrial, and defense uses.
  • Laser Guided Energy (LGE) and Laser Induced Plasma Channel (LIPC): Directed energy tools for disrupting threats, mainly for military and intelligence agencies.
  • Integrated Guided Energy Systems: Complete solutions combining lasers and electronics for government and research clients.

Growth Spurts and Strategic Moves: The Company’s Playbook

  • Opened the Battle Lab facility in February 2025 for advanced laser testing and demonstrations.
  • Formed research partnerships with University of Arizona, University of Central Florida, and University of Rochester since 2024.
  • Collaborated with Kord Technologies (a KBR subsidiary) in 2025 to integrate USP lasers into defense systems.
  • Expanded patent portfolio to 26 issued patents and 11 government-sensitive applications by June 2025.
  • Raised $6 million in equity financing in the first half of 2025, with an additional $3 million pending.

Why Applied Energetics Stands Out (Without the Hype)

The company’s fiber-based laser design reduces size and power needs, making systems easier to deploy. Its technology can be adapted for both defense and commercial uses, broadening its market reach. Close ties with research institutions support ongoing innovation and technical credibility.

Five Things You Need to Know

  • Q2 2025 revenue was $70,335, down 91.0% from Q2 2024.
  • Operating loss for Q2 2025 was $3.8 million, 83.7% higher (worse) year-over-year.
  • 100% of Q2 2025 revenue came from a single government customer.
  • Cash and cash equivalents were $865,679 as of June 30, 2025.
  • Company holds 26 patents and 11 government-sensitive patent applications as of June 2025.

Bottom Line

Applied Energetics focuses on advanced laser and energy systems for defense and research. The company faces revenue concentration and funding risks but continues to invest in innovation and partnerships.

AI Generated • Apr 16, 2026

Industry

Aerospace and Defense

Sector

Industrials

Employees

26

CEO

Christopher Donaghey

Website

appliedenergetics.com

Headquarters

Tucson, AZ 85747, US

AERG Financials

Key Financial Metrics (TTM)

Gross Margin

-21.65%

Operating Margin

-6212.69%

Net Income Margin

-6194.67%

Return on Equity

-457.57%

Return on Capital

-174.55%

Return on Assets

-235.46%

Earnings Yield

-5.48%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$284.41MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

223.94M

Volume

266.82K

Avg. Volume

86.02K

Financials (TTM)

Gross Profit

-$54.56K

Operating Income

-$15.65M

EBITDA

-$15.22M

Operating Cash Flow

-$9.80M

Capital Expenditure

-$1.08M

Free Cash Flow

-$10.88M

Cash & ST Invst.

$4.06M

Total Debt

$871.30K

Applied Energetics Performance Analysis

Applied Energetics annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,307,757N/A
20232023-12-31USD 2,631,443101.2%
20242024-12-31USD 2,426,609-7.8%
20252025-12-31USD 461,727-81.0%
Applied Energetics sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-66.5%
Q32025-09-3054.9%
Q42025-12-31-33.3%
Q12026-03-31-100.0%
Applied Energetics annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.032.6%
20232023-12-31USD -0.0425.4%
20242024-12-31USD -0.0423.7%
20252025-12-31USD -0.0753.8%
Applied Energetics sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-21.7%
Q32025-09-30-4.6%
Q42025-12-313.8%
Q12026-03-315.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$0.00

-100.0%

Gross Profit

-$157.83K

-208.2%

Gross Margin

0.00%

N/A

Market Cap

$284.41MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$10.94M

N/A

Employees

26

N/A

Net Income

-$3.82M

-22.6%

EBITDA

-$3.67M

-23.0%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$4.06M

-5.2%

Total Debt

$871.30K

-24.4%

Accounts Receivable

$0.00

-100.0%

Inventory

$0.00

N/A

Long Term Debt

$576.41K

-33.8%

Short Term Debt

$294.89K

-47.5%

Return on Assets

-2.35%

N/A

Return on Invested Capital

-2.75%

N/A

Free Cash Flow

-$2.34M

-35.1%

Operating Cash Flow

-$2.30M

-32.6%

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Questions About AERG

What is the current price of Applied Energetics?

Applied Energetics is trading at $1.27 per share.

What is the 52-week range for Applied Energetics?

Over the past 52 weeks, Applied Energetics has traded between $0.96 and $2.20.

How much debt does Applied Energetics have?

As of the most recent reporting period, Applied Energetics reported total debt of $871.30K.

How much cash does Applied Energetics have on hand?

Applied Energetics reported $4.06M in cash and cash equivalents in its most recent financial results.

What is Applied Energetics’s dividend yield?

Applied Energetics does not currently have a dividend yield.

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