Unusual Machines, Inc.

Description

Unusual Machines, Inc. designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc. in July 2022. Unusual Machines, Inc. was incorporated in 2019 and is based in Orlando, Florida.

About

CEO
Dr. Allan Thomas Evans
Employees
3
Instrument type
Common Stock
Sector
Financial Services
Industry
Shell Companies
MIC code
XASE
Address
4667 1 B McLeod Rd, Orlando, FL 32811, United States
Phone
855 921 4600
Website
Chart Image
× Enlarged Chart
Oscillators
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Summary
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Moving Averages
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Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 1 2
Average estimate -0.15 -0.36
Low estimate -0.15 -0.50
High estimate -0.15 -0.22
Last year EPS -0.54
[stock_revenue_estimate]

Growth estimates

Current qtr
Next qtr. (Mar 2025)
Current year
Next year (Dec 2025)
33.330%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Dec 18, 2024
Maxim Group
Matthew Galinko
Initiates Buy Announces $18
Jun 17, 2024
ThinkEquity
Ashok Kumar
Initiates Buy Announces $4

Income statement

2023
Fiscal date 2023-12-31
Total reported revenue
Cost of revenue
Gross profit
Operating expense
Research & development
Selling general and admin 2.38M
Other operating expenses
Operating income -2.38M
Non operating interest income
Income
Expense
Other income expense
Pretax income -2.38M
Tax provision
Net income -2.38M
Basic EPS -0.31
Diluted EPS -0.31
Basic average shares 7.62M
Diluted average shares 7.62M
EBITDA -2.38M
Net income from continuing op. -2.38M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021
Fiscal date 2023-12-31 2022-12-31 2021-12-31
Total assets 1.53M 3.33M 3.90M
Current assets
Cash 894,773 3.10M
Cash equivalents
Cash and cash equivalents 894,773 3.10M 3.79M
Other short term investments
Accounts receivable 945
Other receivables
Inventory
Prepaid assets 120,631 39,375
Restricted cash
Assets held for sale
Hedging assets
Other current assets
Non current assets
Properties
Land and improvements
Machinery furniture equipment 7,738 4,575
Construction in progress
Leases
Accumulated depreciation -6,484 -885
Goodwill
Investment properties
Financial assets
Intangible assets
Investments and advances
Other non current assets 512,758 87,825
Total liabilities 114,497 131,931
Current liabilities
Accounts payable
Accrued expenses
Short term debt
Deferred revenue
Tax payable
Pensions
Other current liabilities
Non current liabilities
Long term debt
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities
Shareholders equity
Common stock 32,173 33,923 37,760
Retained earnings -3.93M -1.55M -296,007
Other shareholders equity
Total shareholders equity 1.41M 3.20M 3.90M
Additional paid in capital 5.32M 4.71M 2.27M
Treasury stock
Minority interest

Cash flow statement

2023
Operating Activities
Net Income-2.38M
Depreciation5,600
Deferred Taxes
Stock-Based Compensation600,000
Other Non-Cash Items
Accounts Receivable
Accounts Payable
Other Assets & Liabilities-406,189
Operating Cash Flow-2.18M
Investing Activities
Capital Expenditures-3,164
Net Intangibles
Net Acquisitions
Purchase of Investments
Sale of Investments
Investing Cash Flow-3,164
Financing Activities
Long-Term Debt Issuance
Long-Term Debt Payments
Other Financing Charges-424,933
Financing Cash Flow-424,933
Other Cash Details
End Cash Position894,773
Income Tax Paid
Interest Paid
Free Cash Flow-1.78M

Top Institutional Holders

Holder Date Reported Shares Value % Held
Bridgeway Funds Inc-Ultra Small Company Market Fund Sep 30, 2024 10,000 116,000 0.07%
Fidelity Extended Market Index Fund Nov 30, 2024 9,815 113,854 0.06%
Fidelity Series Total Market Index Fund Nov 30, 2024 1,931 22,399 0.01%
Unusual Machines Enters Into a Definive Agreement to Acquire Drone Software Company Aloft Technologies to Grow the American Drone Ecosystem Article
Unusual Machines Enters Into a Definive Agreement to Acquire Drone Software Company Aloft Technologies to Grow the American Drone Ecosystem
ORLANDO, FL / ACCESS Newswire / February 3, 2025 / Unusual Machines (NYSE:UMAC) has announced the signing of a binding agreement to acquire of Aloft Technologies, Inc. ( https://www.aloft.ai/ ), the leading FAA-approved provider of unmanned aerial system (UAS) services to enterprise, public safety, and government customers. The acquisition is almost all in stock, valued at $14.5M.
Accesswire Neutral
Feb 3, 2025
Unusual Machines Adds Electronic Speed Controller to the Blue UAS Framework Article
Unusual Machines Adds Electronic Speed Controller to the Blue UAS Framework
ORLANDO, FLORIDA / ACCESS Newswire / January 17, 2025 / Unusual Machines, Inc. (NYSE American:UMAC), a leading innovator in drone technology with a current focus on U.S. based manufacturing and marketing of drone parts is pleased to announce the release of the Rotor Riot Brave 55A ESC and its addition to the Blue UAS Framework. This product addresses the critical need for non-Chinese, NDAA-compliant components in the U.S. drone industry.
Accesswire Neutral
Jan 17, 2025
XTI Aerospace to Acquire Equity Interest in ReadyMonitor AI-Powered, Autonomous Drone Company Article
XTI Aerospace to Acquire Equity Interest in ReadyMonitor AI-Powered, Autonomous Drone Company
The Future of Drones is Fully Autonomous  ENGLEWOOD, Colo. , Jan. 13, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI" or the "Company"), a pioneer in advanced Vertical Takeoff and Landing ("VTOL"), Powered-Lift aircraft solutions, today announced that it has signed a non-binding Memorandum of Understanding ("MOU") to acquire a 30% fully-diluted equity interest in ReadyMonitor, LLC, a leading AI-powered, autonomous Drone-as-a-Service ("DaaS") company, which is expected to close this Q1 2025, with the option to acquire the remaining 70% of ReadyMonitor within 12 months (the "Transaction").
PRNewsWire Neutral
Jan 13, 2025
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