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Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>Unusual Machines reported another record quarter, with revenue of ~$2.13 million (39% growth Y/Y). </li><li>This is the sixth consecutive quarter of record revenue.</li><li>Gross margin of 39%, up from 37% last quarter, was driven by increased enterprise sales (more than 50% of sales) and expanded retail margin.</li></ul>

Unusual Machines reported another record quarter, with revenue of ~$2.13 million (39% growth Y/Y). This is the sixth consecutive quarter of record revenue.Gross margin of 39%, up from 37% last quarter, was driven by increased enterprise sales (more than 50% of sales) and expanded retail margin.

UMAC: 3Q25 Another Record Revenue Quarter and Its First Profitable One with Record Gross Margin

<ul><li>Evans highlighted that in the second quarter, UMAC achieved its highest quarterly revenue to date, reaching $2.2 million.</li><li>Enterprise sales were a significant driver of this growth, accounting for 30% of total revenue as new product offerings came online.</li><li>Additionally, the company improved its margins, increasing from the high 20s to ~35%.</li></ul>

Evans highlighted that in the second quarter, UMAC achieved its highest quarterly revenue to date, reaching $2.2 million.Enterprise sales were a significant driver of this growth, accounting for 30% of total revenue as new product offerings came online.Additionally, the company improved its margins, increasing from the high 20s to ~35%.

UMAC: CEO Discusses Increased Enterprise Demand and New Manufacturing Capabilities

<ul><li>According to the WSJ, Ukraine’s drone strike on June 1 damaged as many as 40 aircraft deep inside Russia as strategic bombers sat outside in the open on military bases.</li><li>Ukraine was able to secretly place numerous cheap drones near Russian military installations all over the massive country.</li><li>The order was then given, and the drones were flown out of trucks and remotely piloted directly into exposed expensive bombers.</li></ul>

According to the WSJ, Ukraine’s drone strike on June 1 damaged as many as 40 aircraft deep inside Russia as strategic bombers sat outside in the open on military bases.Ukraine was able to secretly place numerous cheap drones near Russian military installations all over the massive country.The order was then given, and the drones were flown out of trucks and remotely piloted directly into exposed expensive bombers.

Unusual Machines, Inc. - CEO Discusses Ukraine’s Historic Drone Attack...

<ul><li>Unusual Machines (NYSE American: UMAC) reported another record quarter with revenue of approximately $2.04 million and a gross margin of 24% with some impact from tariffs, which the company expects to be short lived.</li><li>This growth was achieved even though US government purchases have paused recently. Margins took a slight hit from the tariffs.</li><li>The company raised $40 million at $5.00 a share to bolster its balance sheet (customers and suppliers need to see the ability to work large orders), and to build out its Orlando motor manufacturing facility.</li></ul>

Unusual Machines (NYSE American: UMAC) reported another record quarter with revenue of approximately $2.04 million and a gross margin of 24% with some impact from tariffs, which the company expects to be short lived.This growth was achieved even though US government purchases have paused recently. Margins took a slight hit from the tariffs.The company raised $40 million at $5.00 a share to bolster its balance sheet (customers and suppliers need to see the ability to work large orders), and to build out its Orlando motor manufacturing facility.

Unusual Machines, Inc.: 1Q25 Earnings; Strong Quarter, Outlook

<ul><li>Unusual Machines (UMAC) reported a record quarter, with revenue of ~$2.0 million and gross margin of 28%.</li><li>Total revenue of $5.65 million for FY24 exceeded the company’s target of $5 million by 13%.</li><li>This growth was achieved without customer concentration as no single customer represented more than 5% of total revenue for FY24.</li></ul>

Unusual Machines (UMAC) reported a record quarter, with revenue of ~$2.0 million and gross margin of 28%.Total revenue of $5.65 million for FY24 exceeded the company’s target of $5 million by 13%.This growth was achieved without customer concentration as no single customer represented more than 5% of total revenue for FY24.

Unusual Machines, Inc. - Strong 4Q24 and FY24; Looking for Significant Growth in 2025

United States

Unusual Machines, Inc. of the United States, operates as a drone technology company. The Company designs and manufactures ultra-low latency video goggles and wearable display devices for drone pilots. Unusual Machines serves the public safety, enterprise inspection, defense, and drone delivery industries.

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Unusual Machines (UMAC US)

UMAC: 3Q25 Another Record Revenue Quarter and Its First Profitable One with Record Gross Margin

Unusual Machines reported another record quarter, with revenue of ~$2.13 million (39% growth Y/Y). This is the sixth consecutive quarter of record...

Water Tower Research

UMAC: CEO Discusses Increased Enterprise Demand and New Manufacturing Capabilities

Enterprise sales were a significant driver of this growth, accounting for 30% of total revenue as new product offerings came online.

Water Tower Research

Unusual Machines, Inc. - CEO Discusses Ukraine’s Historic Drone Attack...

According to the WSJ, Ukraine’s drone strike on June 1 damaged as many as 40 aircraft deep inside Russia as strategic bombers sat outside in the...

Water Tower Research

Unusual Machines, Inc.: 1Q25 Earnings; Strong Quarter, Outlook

Unusual Machines (NYSE American: UMAC) reported another record quarter with revenue of approximately $2.04 million and a gross margin of 24% with...

Water Tower Research

Unusual Machines, Inc. - Strong 4Q24 and FY24; Looking for Significant Growth in 2025

Unusual Machines (UMAC) reported a record quarter, with revenue of ~$2.0 million and gross margin of 28%. Total revenue of $5.65 million for FY24...

Water Tower Research

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