IPO Year: 2024
Exchange: AMEX
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/18/2024 | $18.00 | Buy | Maxim Group |
ORLANDO, FL / ACCESS Newswire / January 17, 2025 / Unusual Machines, Inc. (NYSE:UMAC), a leading innovator in drone technology with a current focus on U.S. based manufacturing and marketing of drone parts is pleased to announce the release of the Rotor Riot Brave 55A ESC and its addition to the Blue UAS Framework. This product addresses the critical need for non-Chinese, NDAA-compliant components in the U.S. drone industry. Unusual machines now has two drone components placed on the Blue UAS Framework.Rotor Riot Brave 55A ESCThe Blue UAS Framework is a program established by the Defense Innovation Unit (DIU) to provide the Department of Defense and other government entities with trusted, sec
ORLANDO, FL / ACCESSWIRE / January 14, 2025 / Unusual Machines, a leading innovator in drone technology with a current focus on U.S. based manufacturing and marketing of drone parts, is excited to announce the appointment of Brad Mello as Vice President of Manufacturing. With an extensive background in automotive manufacturing, industrial automation, and consumer products, Brad is uniquely positioned to lead the development of Unusual Machines' drone components business, driving innovation and operational excellence.In his new role, Brad will initially focus on establishing in-house manufacturing capabilities for high-performance brushless motors, a key drone component. This initiative is a
The Future of Drones is Fully Autonomous ENGLEWOOD, Colo., Jan. 13, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:XTIA) ("XTI" or the "Company"), a pioneer in advanced Vertical Takeoff and Landing ("VTOL"), Powered-Lift aircraft solutions, today announced that it has signed a non-binding Memorandum of Understanding ("MOU") to acquire a 30% fully-diluted equity interest in ReadyMonitor, LLC, a leading AI-powered, autonomous Drone-as-a-Service ("DaaS") company, which is expected to close this Q1 2025, with the option to acquire the remaining 70% of ReadyMonitor within 12 months (the "Transaction").
ORLANDO, FL / ACCESSWIRE / December 23, 2024 / Unusual Machines, Inc. (NYSE:UMAC)Dear Shareholders,I hope this letter finds you well this holiday season. While this communication is unusual for this time of year, I feel it's important to address a matter that has been brought to my attention. Short sellers are likely planning to create a negative news cycle targeting Unusual Machines, taking advantage of the holidays to manipulate our share price for personal financial gain. While unfortunate, these predatory tactics are something that comes with our growing profile and the increasing significance of what we're building. I want to provide you with the facts about our progress and position, e
ORLANDO, FL / ACCESSWIRE / November 27, 2024 / Unusual Machines, Inc. (NYSE:UMAC) ("Unusual Machines" or the "Company"), a U.S. based drone and drone components manufacturer, today announced that Donald Trump Jr., a globally recognized business leader, best-selling author, and investor in the Company, has joined the Company's advisory board."Don Jr. joining our board of advisors provides us unique expertise we need as we bring drone component manufacturing back to America," said Allan Evans, Unusual Machines CEO. "He brings a wealth of experience and I look forward to his advice and role within the Company as we continue to build our business.""The need for drones is obvious. It is also obvi
CEO Allan Evans shares Q3 2024 highlights and provides insight into the Company's future plans ORLANDO, FL / ACCESSWIRE / November 14, 2024 / Unusual Machines, Inc. (NYSE:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced it filed its Form 10-Q with the U.S. Securities and Exchange Commission for the third quarter of 2024 and provided the following letter to its shareholders from CEO Allan Evans.Dear Shareholders,This shareholder letter follows the completion of our third quarter of 2024. This quarter represents an inflection point for us as it represents the start of our component business. We are grateful for your continued support and c
ORLANDO, FL / ACCESSWIRE / November 8, 2024 / Unusual Machines, Inc. (NYSE:UMAC) (the "Company"), a leader in the American drone industry, will host a webcast on Thursday, November 14, at 4:30 p.m. ET to discuss the Company's operational and financial highlights for the third quarter ended September 30, 2024. A question-and-answer session will follow management's prepared remarks.Event:Unusual Machines Third Quarter 2024 Financial Results Conference CallDate:Thursday, November 14, 2024Time:4:30 p.m. Eastern TimeWebcast:Registration LinkFor interested individuals unable to join the live event, a webcast replay will be available for three months through the Investor Relations section of Unusua
ORLANDO, FL / ACCESSWIRE / October 30, 2024 / Unusual Machines, Inc. (NYSE:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced the closing of a private placement with certain institutional investors. The aggregate gross cash proceeds were approximately $1,955,000, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for general corporate purposes and working capital.In connection with the private placement, the Company issued an aggregate of 1,286,184 units at a per unit price of $1.52 per unit. Each unit consists of one share
ORLANDO, FL / ACCESSWIRE / October 29, 2024 / Unusual Machines, Inc. (NYSE:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced the pricing of a private placement with certain institutional investors. The aggregate gross cash proceeds were approximately $1.96 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for general corporate purposes and working capital.In connection with the private placement, the Company will issue an aggregate of 1,286,300 units at a per unit price of $1.52 per unit. Each unit consists of one
ORLANDO, FL / ACCESSWIRE / October 15, 2024 / Unusual Machines, Inc. (NYSE:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced upcoming participation and presentations at the following October investor conferences:Conference: LIVE! With Webull Corporate Connect: Technology Investment WebinarDate: Wednesday, October 16, 2024Presentation Time: 2:40 p.m. ETLocation: Access webinar using this registration link HEREConference: The 2024 LD Micro Main Event XVIIDate: Tuesday October 29, 2024Presentation Time: 9:30 a.m. PT (12:30 p.m. ET)Location: Luxe Sunset Boulevard Hotel, Los AngelesLive Webcast: Please click HERE to view presentation in real-t
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Maxim Group initiated coverage of Unusual Machines with a rating of Buy and set a new price target of $18.00
ORLANDO, FL / ACCESSWIRE / May 17, 2024 / RedChip Companies will air interviews with Calidi Biotherapeutics Inc. (NYSE:CLDI) and Unusual Machines Inc. (NYSE:UMAC) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV, this Saturday, May 18, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.Access the interviews in their entirety at:Calidi Biotherapeutics: https://www.redchip.com/assets/access/cldi_accessUnusual Machines: https://www.redchip.com/assets/access/umac_accessIn an exclusive interview, Allan Camaisa, Chief Executive Officer of Calidi Biotherapeutics, appears on the RedChip Small Stocks, Big Money™ show
ORLANDO, FL / ACCESSWIRE / March 22, 2024 / RedChip Companies will air interviews with Enlivex Therapeutics Ltd. (NASDAQ:ENLV) and Unusual Machines Inc. (NYSE:UMAC) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV, this Saturday, March 23, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.Access the interviews in their entirety at:Enlivex Therapeutics: https://www.redchip.com/assets/access/enlv_accessUnusual Machines: https://www.redchip.com/assets/access/umac_accessIn an exclusive interview, Oren Hershkovitz, CEO of Enlivex Therapeutics, appears on the RedChip Small Stocks Big Money™ show on Bloomberg TV t
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ORLANDO, FL / ACCESSWIRE / January 14, 2025 / Unusual Machines, a leading innovator in drone technology with a current focus on U.S. based manufacturing and marketing of drone parts, is excited to announce the appointment of Brad Mello as Vice President of Manufacturing. With an extensive background in automotive manufacturing, industrial automation, and consumer products, Brad is uniquely positioned to lead the development of Unusual Machines' drone components business, driving innovation and operational excellence.In his new role, Brad will initially focus on establishing in-house manufacturing capabilities for high-performance brushless motors, a key drone component. This initiative is a
ORLANDO, FL / ACCESSWIRE / November 8, 2024 / Unusual Machines, Inc. (NYSE:UMAC) (the "Company"), a leader in the American drone industry, will host a webcast on Thursday, November 14, at 4:30 p.m. ET to discuss the Company's operational and financial highlights for the third quarter ended September 30, 2024. A question-and-answer session will follow management's prepared remarks.Event:Unusual Machines Third Quarter 2024 Financial Results Conference CallDate:Thursday, November 14, 2024Time:4:30 p.m. Eastern TimeWebcast:Registration LinkFor interested individuals unable to join the live event, a webcast replay will be available for three months through the Investor Relations section of Unusua
SAN JUAN, Puerto Rico, March 07, 2024 (GLOBE NEWSWIRE) -- Unusual Machines, Inc. (NYSE:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, announced today the appointment of First-Person View ("FPV") drone expert Drew Camden as its Chief Operating Officer. Camden's ascent in the drone industry began with his captivating FPV Freestyle videos on YouTube. Appointed President of Rotor Riot in 2018, Camden diversified the Rotor Riot by expanding media production and adding e-commerce. Camden established Rotor Riot's first formal headquarters in Orlando, transformed retail operations, and launched a line of ready-to-fly FPV freestyle drones, positioning Rot