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

2.52

Mkt cap

20M

Volume

392K

High

3.20

P/E Ratio

-11.29

52-wk high

5.54

Low

2.46

Div yield

N/A

52-wk low

0.98

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

In Thursday's pre-market session, several information technology stocks experienced significant price movements. Notable gainers included AMTD Digital, MicroAlgo, and Movano, while Unusual Machines, MicroCloud Hologram, and MMTEC were among the losers.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 12:06 pm

In Monday's pre-market session, several information technology stocks experienced significant movements. EMCORE (EMKR) saw a remarkable 132.2% increase, while OneConnect Financial Tech (OCFT) rose by 16.75%. On the downside, Nano Labs (NA) decreased by 12.0%, and Bitdeer Technologies (BTDR) fell by 9.6%.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 12:06 pm

Several information technology stocks experienced significant price movements during Monday's intraday session. Notable gainers included Focus Universal, Intchains Gr, AmpliTech Gr, MongoDB, MicroCloud Hologram, and Airship AI Holdings. On the other hand, Roadzen, Edgio, UTime, Signing Day Sports, Astera Labs, and Unusual Machines saw declines.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 4:30 pm

Unusual Machines, Inc. (NYSE:UMAC) has entered into exchange agreements to convert $1M of its debt into Series C preferred shares, reducing its total debt from $4M to $3M. The new convertible notes have a lower interest rate and optional conversion features.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:15 pm

Unusual Machines shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:39 pm

Unusual Machines (AMEX:UMAC) reported a Q2 EPS of $(0.16), a 23.08% decrease from $(0.13) YoY, with $1.41M in sales.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:14 pm

Red Cat Holdings has sold all its securities in Unusual Machines to third-party investors. Additionally, Red Cat has entered into an exchange agreement for Series A Convertible Preferred Stock and $4M promissory notes with extended maturity. Investors may require repayment or conversion based on financing and default events.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:52 pm

Shares of Unusual Machines (UMAC) have been halted pending news. Investors are awaiting further information to understand the reason behind the halt and its potential impact on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:00 pm

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