First Breach (FBDT)
Manufactures small-caliber ammunition while developing U.S.-made unmanned systems.
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Produces ammunition components and complete cartridges through an in-house metal-to-loading process, selling primarily in the United States through distributors, wholesalers, and e-commerce. A joint venture and separate design program extend its work into U.S.-made unmanned systems.
Manufactures small-caliber ammunition components and complete centerfire cartridges at a single Hagerstown factory. The portfolio spans brass cups and cases, projectiles, lead cores and wire, and loaded pistol and rifle ammunition for commercial shooting, reloading, law-enforcement, military, and original-equipment customers.
Controls much of the process in-house, from metal forming and lead smelting through loading, inspection, and tooling fabrication. Sales move mainly through U.S. distributors and wholesale partners, with e-commerce serving consumers; ammunition production and sales are the only reported revenue source.
Develops U.S.-compliant unmanned systems through the ideaForge joint venture and a separate Hellbender contract for strike-drone platforms. Operations depend on raw-material and equipment suppliers, a leased production site, ammunition licenses, external financing, and partner execution for drone programs.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Not reported.
No dividends on record.
| Insiders | 1.33% | 601.4K shares | |
|---|---|---|---|
| 2 holders · as of Sep 21, 2026 | |||
| Other | 98.67% | 44.49M shares | |
| remainder | |||
45.09M company shares as of Aug 21, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Denean Rueben WilliamsInsiderdirector | 0.85% | 382,934 | filed Sep 21, 2026 |
Charles Kenneth LeithInsiderofficer: Chief Revenue Officer | 0.48% | 218,506 | filed Sep 21, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Charles Kenneth Leith | officer: Chief Revenue Officer | +50,000 | $0.9066 |
- Olin
Winchester overlaps in commercial, component, and military ammunition.
- AeroVironment
Switchblade systems contest strike-drone defense procurement.
- Ondas
Autonomous UAS and launched effects contest defense drone programs.
- Red Cat
Black Widow small UAS contests defense and public-safety drone awards.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| First Breach | $0.9397 | +5.58% | $40.1M | — | — | — | — |
| Olin | $16.96 | +2.51% | $1.89B | — | 52.3 | 0.3 | −0.9% |
| AeroVironment | $157.79 | −1.94% | $8.14B | — | 46.5 | 4.1 | +5.7% |
| Ondas | $7.55 | +2.30% | $4.21B | 111.5 | — | 24.2 | +1,235.4% |
| Red Cat | $6.92 | −0.50% | $1.06B | — | — | 14.8 | +527.3% |
| Median | 111.5 | 49.4 | 9.4 | +266.5% |