Unusual Machines
UMAC

$1.68

1.75%

Market Cap: $10.4M

About: Unusual Machines Inc is a development stage technology company.

Employees: 3

Communication Services Radio & TV Broadcasting & Communications Equipment

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

144% more capital invested

Capital invested by funds: $29.7K [Q1] → $72.5K (+$42.7K) [Q2]

100% more funds holding

Funds holding: 2 [Q1] → 4 (+2) [Q2]

0.41% more ownership

Funds ownership: 0.19% [Q1] → 0.6% (+0.41%) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$4

138%

upside

Avg. target

$4

138%

upside

High target

$4

138%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

ThinkEquity

Ashok Kumar

25% 1-year accuracy

2 / 8 met price target

138%upside

$4

Buy

Initiated

17 Jun 2024

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Financial journalist opinion

Based on 3 articles about UMAC published over the past 30 days

Unusual Machines to Participate at the H.C. Wainwright 26th Annual Global Investment Conference September 9th-11th, 2024

ORLANDO, FL / ACCESSWIRE / August 27, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced that the Company will present virtually and participate in one-on-one investor meetings at the H.C. Wainwright 26th Annual Global Investment Conference, taking place at the Lotte New York Palace Hotel in New York City from September 9th-11th, 2024 in New York.

Unusual Machines to Participate at the H.C. Wainwright 26th Annual Global Investment Conference September 9th-11th, 2024

Unusual Machines Announces 6,700 Rotor Riot Brave F7 Flight Controllers Ordered In One Week Following Blue UAS Framework Approval

ORLANDO, FL / ACCESSWIRE / August 23, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a supplier to the American drone industry, reports over 6,700 Rotor Riot Brave F7 Flight Controllers have been ordered since being approved and listed on the Blue UAS Framework on August 7, 2024. The Rotor Riot Brave F7 Flight Controller is the first flight controller on the Blue UAS Framework list designed specifically for First-Person View (FPV) flight.

Unusual Machines Announces 6,700 Rotor Riot Brave F7 Flight Controllers Ordered In One Week Following Blue UAS Framework Approval

Unusual Machines Agrees to Exchange $1M of its Existing Debt for Series C Preferred Shares Convertible at Market Value

ORLANDO, FL / ACCESSWIRE / August 22, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), an American drone and drone components manufacturer, on August 21, 2024 entered into two exchange agreements (each, an "Exchange Agreement") with existing promissory note holders. These agreements will cancel an aggregate of $1.0 million of the Company's existing $4.0 million indebtedness.

Unusual Machines Agrees to Exchange $1M of its Existing Debt for Series C Preferred Shares Convertible at Market Value

Unusual Machines Issues Letter to Shareholders

CEO Allan Evans shares Q2 2024 achievements and provides insight into the Company's strategic expansion ORLANDO, FL / ACCESSWIRE / August 14, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced it filed its 10-Q with the U.S. Securities and Exchange Commission for the second quarter of 2024 and provided the following letter to its shareholders from CEO Allan Evans. Dear Shareholders, This shareholder letter followings the completion of our second quarter of 2024.

Unusual Machines Issues Letter to Shareholders

Unusual Machines to Host Q2 Earnings Call and Provide Corporate Update on Wednesday August 14, 2024

ORLANDO, FL / ACCESSWIRE / August 9, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) (the "Company"), a leader in the American drone industry, will host a webcast on Wednesday, August 14, at 4:30 p.m. ET to discuss the Company's operational and financial highlights for the second quarter ended June 30, 2024.

Unusual Machines to Host Q2 Earnings Call and Provide Corporate Update on Wednesday August 14, 2024

Unusual Machines Adopts HP's Multi Jet Fusion 3D Printing for Drone Parts Manufacturing

ORLANDO, FL / ACCESSWIRE / August 8, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), has adopted HP's Multi Jet Fusion (MJF) 3D printing technology for the production of drone components, particularly for FPV (First-Person View) drones, known for their demanding performance and durability requirements. Unusual Machines partnered with HP 3D Printing to determine the best components for the introduction of their MJF production process.

Unusual Machines Adopts HP's Multi Jet Fusion 3D Printing for Drone Parts Manufacturing

Unusual Machines' FPV Flight Controller Approved for Blue UAS Framework

ORLANDO, FL / ACCESSWIRE / August 7, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced that its Rotor Riot Brave F7 Flight Controller has been approved for inclusion on the Blue UAS Framework list. This significant milestone underscores Unusual Machines' commitment to providing secure, reliable, and domestically manufactured drone components for the U.S. government and other critical sectors.

Unusual Machines' FPV Flight Controller Approved for Blue UAS Framework

Unusual Machines Finalizes Working Capital, Extends Loan, and Reduces Outstanding Common Shares

ORLANDO, FL / ACCESSWIRE / July 22, 2024 / Unusual Machines, Inc. (NYSE:UMAC), a leader in the American drone industry, announces finalization of several transactions with Red Cat Holdings ("Red Cat") including one relating to the closing conditions related to the acquisitions of Rotor Riot and Fat Shark. The Share Purchase Agreement under which we acquired Rotor Riot and Fat Shark from Red Cat contained a provision for a subsequent determination of the working capital of Rotor Riot and Fat Shark.

Unusual Machines Finalizes Working Capital, Extends Loan, and Reduces Outstanding Common Shares

Unusual Machines: A Play On The Shift In The Drone Industry

Unusual Machines consists of Fat Shark and Rotor Riot, acquired from Red Cat, well positioned to capitalize on market shift in drone industry. Opportunity in U.S. drone manufacturing due to supply chain and security concerns with Chinese products. UMAC CEO Allen Evans aims to regain market share in FPV drones, expand B2B sales, and secure U.S. government contracts.

Unusual Machines: A Play On The Shift In The Drone Industry

Unusual Machines Launches NDAA Compliant, Made in the USA Flight Controller for FPV Drones

ORLANDO, FL / ACCESSWIRE / July 16, 2024 / Unusual Machines, Inc. (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced the launch of the Rotor Riot Brave F7 Flight Controller . This product is manufactured in the USA and is fully compliant with the National Defense Authorization Act (NDAA).

Unusual Machines Launches NDAA Compliant, Made in the USA Flight Controller for FPV Drones

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