NYSEAM:UMACElectronic
Unusual Machines (UMAC) Stock Can Revenue Scale Outrun Persistent Losses
Traders rushed into Unusual Machines, pushing the stock up 7.6% to about $26 after the Q2 print, yet the numbers tell a more complicated story than a simple relief rally. The headline is a very large jump in revenue to about $16.7m while the company still reported a net loss of about $7.8m, or $0.16 per share. The emotional tug of explosive drone demand met the reality of a loss making business that is spending heavily to keep up. The real question for you is whether today’s enthusiasm...