Streetbeat News

UMAC

Unusual Machines, Inc.

https://www.unusualmachines.com

Industry

Shell Companies

Unusual Machines, Inc. designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It also operates a drone-focused e-commerce marketplace. 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 San Juan, Puerto Rico.

Open

11.18

Mkt cap

155M

Volume

852K

High

11.30

P/E Ratio

-16.75

52-wk high

23.62

Low

10.13

Div yield

N/A

52-wk low

0.98

Unusual Machines' Fat Shark Aura FPV Camera has been added to the U.S. Defense Department's Blue UAS Framework, marking it as a high-performance, NDAA-compliant option for defense and government users.

Portfolio Pulse from

February 19, 2025 | 1:45 pm

Unusual Machines (NYSE:UMAC) has signed a binding agreement to acquire Aloft Technologies, a leading provider of unmanned aerial system services, for $14.5 million in stock. This acquisition aims to enhance the American drone ecosystem.

Portfolio Pulse from

February 03, 2025 | 1:45 pm

Unusual Machines, Inc. (UMAC) has released the Rotor Riot Brave 55A ESC, a non-Chinese, NDAA-compliant electronic speed controller, which is now part of the Blue UAS Framework. This move supports the U.S. drone industry's need for compliant components.

Portfolio Pulse from

January 17, 2025 | 12:30 pm

Unusual Machines (UMAC) saw a surge in its stock price after Donald Trump Jr. joined as an advisor, indicating potential political influence and pro-USA policies. UMAC is considered a speculative buy, appealing to investors looking for high-risk opportunities.

Portfolio Pulse from

December 31, 2024 | 4:45 pm

Unusual Machines, Inc. (UMAC) faces uncertainties due to the National Defense Act affecting the drone supply chain and reliance on Chinese parts. The appointment of Donald Trump Jr. as an advisor and a shift towards U.S. manufacturing present mixed prospects. Despite improved sales post-acquisitions, UMAC continues to experience operating and net losses.

Portfolio Pulse from

December 30, 2024 | 11:00 pm

Unusual Machines, Inc. (NYSE American:UMAC) issued a letter to shareholders addressing an unspecified matter. The timing of this communication is noted as unusual for the holiday season.

Portfolio Pulse from

December 23, 2024 | 1:45 pm

Unusual Machines, Inc. (UMAC) has seen a significant stock surge following the appointment of Donald Trump Jr. to its advisory board. The increase in stock price is driven by heightened investor interest and online speculation, suggesting UMAC could become a meme stock.

Portfolio Pulse from

December 03, 2024 | 3:00 pm

Unusual Machines (UMAC) stock surged for the second consecutive session following the announcement that Donald Trump Jr. has joined its advisory board.

Portfolio Pulse from

November 29, 2024 | 4:45 pm

Unusual Machines, Inc. (NYSE American:UMAC) will host a Q3 earnings call on November 14, 2024, to discuss operational and financial highlights.

Portfolio Pulse from

November 08, 2024 | 1:45 pm

Unusual Machines, Inc. (NYSE:UMAC) announced a $1.96 million private placement, issuing 1,286,300 units at $1.52 each. Each unit includes one share of common stock and one warrant, exercisable at $1.99 per share. The funds will be used for corporate purposes and working capital.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:18 pm

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