Unusual Machines (UMAC) Reports Q3 Revenue of $13.9 Million and Targets $25 Million for Q4
Unusual Machines (UMAC) reported third-quarter revenue of $13.9 million, alongside a net loss of approximately $25 million, resulting in a loss of $0.50 per share. Despite the quarterly deficit, management is aggressively scaling operations to meet increasing demand. The company has set an ambitious revenue target of $25 million for the fourth quarter. This growth strategy is supported by significant infrastructure expansion, including the addition of 100,000 square feet of manufacturing capacity to facilitate increased production scales.
Tickers: $UMAC
Topics: earnings per share net loss revenue