Research from Water Tower Research, Water Tower Research

Water Tower Research

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.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<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