MRLN — +41% premarket as Q3 revenue beats by 73%

Merlin's Q3 revenue rose 58% sequentially to $3.5 million, beating the roughly $2.0 million estimate by 73%, and it won an $8.9 million USSOCOM task order moving its C-130J autonomy program into integration. The adjusted EBITDA loss narrowed to $24.1 million from $27.8 million, though on a normalized basis EPS missed estimates and the GAAP profit was a non-cash warrant gain.