Unusual Machines Q1 sales $0.6M, net loss $1.1M; cash $3.2M; targets defense sector

Unusual Machines, Inc.

2024-Q1 EPS reported -$0.18 revenue$618,915

Net loss of $1.1M ($0.18/sh) for Q1 2024 vs $0.6M ($0.17/sh) in prior year.
Sales of $0.6M from Rotor Riot & Fat Shark (45 days post-acquisition); gross margin 33%.
Cash $3.2M at March 31, 2024 (up from $0.9M at Dec 31) after $5M IPO gross proceeds.
Completed acquisitions of Rotor Riot and Fat Shark; strategic shift to NDAA-compliant defense.
First NDAA-compliant flight controller expected by end of June for Blue UAS certification.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Unusual Machines, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue approximately $0.6 million, net income approximately $1.1 million, EPS $0.18 per share.

Period: the fiscal quarter ended March 31, 2024
Revenue: approximately $0.6 million
Net income: approximately $1.1 million
EPS: $0.18 per share
Result: reported results

Exact text from the filing

feedback. Please reach out with any questions or comments. Sincerely, Allan Evans CEO of Unusual Machines 2 First Quarter Financial Results · Sales totaled approximately $0.6 million for the period since acquisitions of Fat Shark and Rotor Riot of February 16, 2024 through March 31, 2024. We did not have any sales prior in the prior year or prior to the

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Source: SEC EDGAR

accession 0001683168-24-003523

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