Jim Cramer on Swarmer, Inc.: “Let’s Call It a Cool Story, But Not Much More Than That”

Swarmer, Inc. (NASDAQ:SWMR) made our Mad Money recap, as Jim Cramer shared his take on the stock and highlighted resilient consumer spending despite the Iran conflict. Cramer said that he cannot endorse the stock, as he stated:

I cannot in good conscience endorse Swarmer up here… Now, normally, I’d tell you something like this is more of a business plan than an actual business, but clearly, something about Swarmer resonated with the market. So I dug deeper, and the truth is this company’s got a great story even if it’s still in its infancy… Even down here with the stock down nearly 60% from its highs… last Wednesday, I can’t tell you to buy Swarmer in anything more than an extremely speculative position because the numbers just aren’t there yet. Again, Swarmer has barely had any revenue to date, and it’s losing millions of dollars a year.