Unusual Machines reported Q3 2024 revenue of $1.5 million, achieving a gross margin of 26%. The company recorded a net loss of $2.1 million for the quarter, compared to a $354,000 loss in Q3 2023. Operating expenses increased to $1.9 million, primarily due to stock compensation and IPO-related costs.The company completed several strategic initiatives during the quarter, including the exchange of $1 million in debt for Series C preferred stock and warrants. Management continued to strengthen internal controls and implemented new ERP systems to improve financial reporting capabilities. The company maintained $1.7 million in cash as of September 30, 2024.Post quarter-end, Unusual Machines raised an additional $1.95 million through a private placement in October 2024, bringing total cash to approximately $2.4 million. Management believes current funding will support operations for at least 12 months, though they anticipate potential goodwill impairment charges in Q4 2024 as they complete acquisition-related valuations.

Unusual Machines reported Q3 2024 revenue of $1.5 million, achieving a gross margin of 26%. The company recorded a net loss of $2.1 million for the quarter, compared to a $354,000 loss in Q3 2023. Operating expenses increased to $1.9 million, primarily due to stock compensation and IPO-related costs.The company completed several strategic initiatives during the quarter, including the exchange of $1 million in debt for Series C preferred stock and warrants. Management continued to strengthen internal controls and implemented new ERP systems to improve financial reporting capabilities. The company maintained $1.7 million in cash as of September 30, 2024.Post quarter-end, Unusual Machines raised an additional $1.95 million through a private placement in October 2024, bringing total cash to approximately $2.4 million. Management believes current funding will support operations for at least 12 months, though they anticipate potential goodwill impairment charges in Q4 2024 as they complete acquisition-related valuations.