A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Item 1. Business Background of Unusual Machines Unusual Machines, Inc. (“Unusual Machines” or the “Company”) is a Nevada corporation engaged in the commercial drone industry with our principal place of business in Orlando, Florida. The Company reincorporated from Puerto Rico to Nevada on April 22, 2024. Initial Public Offering On February 16, 2024, the Company closed its Initial Public Offering (the “IPO”) of 1,250,000 shares of common stock at a public offering price of $4.00 per share. The shares are traded on the New York Stock Exchange American (“NYSE American”). Simultaneous with the closing of the IPO, the Company acquired Fat Shark Ltd. (“Fat Shark”) and Rotor Riot, LLC (“Rotor Riot”) from Red Cat Holdings, Inc. (“Red Cat”).
| Metric | TTM | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | 10M | - | 0 | 0 |
| Net Income | -38M | -32M | -2.4M | -1.2M |
| EPS | $-3.92 | $-3.84 | $-0.72 | $-0.19 |
| Free Cash Flow | 0 | -4.0M | -1.8M | -1.2M |
| ROIC | -98.3% | -90.6% | -133.1% | - |
| Gross Margin | 31.7% | - | - | - |
| Debt/Equity | 0.00 | 0.09 | 0.08 | - |
| Dividends/Share | $0.00 | - | - | - |
| Operating Income | -31M | -17M | -2.4M | -1.2M |
| Operating Margin | -299.5% | - | - | - |
| ROE | -36.3% | -394.0% | -168.5% | - |
| Shares Outstanding | 37M | 8M | 17M | 6M |
| Metric | 2022 | |||
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 0 | 0 | N/A | 10M |
| Gross Margin | N/A | N/A | N/A | 31.7% |
| R&D | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A |
| EBIT | -1.2M | -2.4M | -17M | -31M |
| Op. Margin | N/A | N/A | N/A | -299.5% |
| Net Income | -1.2M | -2.4M | -32M | -38M |
| Net Margin | N/A | N/A | N/A | -372.2% |
| Non-Recurring | 0 | 0 | 10M | 10M |
| Returns on Capital | ||||
| ROIC | N/A | -133.1% | -90.6% | -98.3% |
| ROE | N/A | -168.5% | -394.0% | -36.3% |
| ROA | -35.2% | -155.8% | -362.7% | -34.0% |
| Cash Flow | ||||
| Op. Cash Flow | -1.2M | -1.8M | -4.0M | -13M |
| Free Cash Flow | -1.2M | -1.8M | -4.0M | 0 |
| Owner Earnings | -1.2M | -2.4M | -6.3M | -15M |
| CapEx | 5K | 3K | 0 | 0 |
| Maint. CapEx | 0 | 6K | 72K | 72K |
| Growth CapEx | 4K | 0 | N/A | 0 |
| D&A | 0 | 6K | 72K | 72K |
| CapEx/OCF | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||
| Dividends Paid | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 0 | 600K | 2.3M | 2.3M |
| Debt Repayment | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||
| Net Debt | N/A | N/A | N/A | -81M |
| Cash & Equiv. | N/A | N/A | N/A | 81M |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Debt/Equity | N/A | 0.08 | 0.09 | 0.00 |
| Interest Coverage | N/A | N/A | -145.3 | -145.3 |
| Equity | N/A | 1.4M | 15M | 106M |
| Total Assets | 3.3M | 1.5M | 16M | 113M |
| Total Liabilities | N/A | 114K | 1.3M | 7.1M |
| Intangibles | N/A | 0 | 9.6M | 9.6M |
| Retained Earnings | -1.5M | -3.9M | -36M | -36M |
| Working Capital | 3.0M | 901K | 5.2M | 5.2M |
| Current Assets | 3.1M | 1.0M | 6.1M | 6.1M |
| Current Liabilities | 132K | 114K | 934K | 934K |
| Per Share Data | ||||
| EPS | -0.19 | -0.72 | -3.84 | -3.92 |
| Owner EPS | -0.19 | -0.14 | -0.76 | -0.41 |
| Book Value | N/A | 0.08 | 1.78 | 2.87 |
| Cash Flow/Share | -0.19 | -0.11 | -0.48 | -1.04 |
| Dividends/Share | N/A | N/A | N/A | 0.00 |
| Shares Out. | 6.2M | 16.8M | 8.3M | 36.9M |
| Valuation | ||||
| P/E Ratio | N/A | N/A | N/A | -3.6 |
| P/FCF | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 9.5 | 4.9 |
| Price/Sales | N/A | N/A | N/A | 49.9 |
| FCF Yield | N/A | N/A | -2.8% | N/A |
| Market Cap | N/A | N/A | 141M | 516M |
| Avg. Price | N/A | N/A | 2.82 | 13.99 |
| Year-End Price | N/A | N/A | 16.97 | 13.99 |
Unusual Machines, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Unusual Machines, Inc. (UMAC) has a 5-year average return on invested capital (ROIC) of -111.8%. This is below average and may indicate limited pricing power.
Unusual Machines, Inc. (UMAC) has a market capitalization of $516M. It is classified as a small-cap stock.
Unusual Machines, Inc. (UMAC) does not currently pay a regular dividend.
Unusual Machines, Inc. (UMAC) operates in the Radio & Tv Broadcasting & Communications Equipment industry, within the Industrials sector.
Unusual Machines, Inc. (UMAC) generated $-4 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Unusual Machines, Inc. (UMAC) has a debt-to-equity ratio of 0.09. This indicates a conservatively financed balance sheet.
Unusual Machines, Inc. (UMAC) reported earnings per share (EPS) of $-3.84 in its most recent fiscal year.
Unusual Machines, Inc. (UMAC) has a return on equity (ROE) of -394.0%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 3 years of financial data for Unusual Machines, Inc. (UMAC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Unusual Machines, Inc. (UMAC) has a book value per share of $1.78, based on its most recent annual SEC filing.