Reported 1 day ago
Unusual Machines, Inc. (NYSE:UMAC) has made significant strides by entering into a $300 million capital sales agreement and acquiring Australia's Rotor Lab for $7 million, as part of its strategy to enhance its product offerings in the drone industry. Despite reporting a year-over-year revenue increase of 51% to $2.12 million, the company faced an EPS loss of -$0.32 in its second-quarter earnings. Founded in 2019, UMAC has seen remarkable growth since its IPO, with shares up 266.22%.
Source: YAHOO