Recent Updates — UMAC
On October 19, 2026, Unusual Machines completed its merger with DroneNX LLC d/b/a Upgrade Energy. The company issued 1,792,012 shares valued at approximately $25 million and paid $1 million in cash to Matthew Barnard, who became CEO of the subsidiary. An earn-out of up to $26 million is contingent on revenue exceeding $10 million. Unusual Machines manufactures NDAA-compliant drone components.
Unusual Machines, Inc. announced it has received a $16.9 million purchase order from Powerus Corporation (Nasdaq: PUSA) for American-made drone components. The order covers critical parts including motors, batteries, cameras, and video transmitters to support Powerus's autonomous and counter-drone systems. This transaction follows a previous order exceeding $5 million in April 2026 and expands the commercial relationship between the two companies as Powerus scales production. Unusual Machines is a leading provider of NDAA-compliant drone components focused on building a domestic supply chain for the U.S. drone industry.
Unusual Machines, Inc. dismissed Salberg & Company, P.A. as its independent registered public accounting firm effective August 12, 2026, and engaged Ernst & Young LLP to serve in that role for the fiscal year ending December 31, 2026. The company reported no disagreements with the former auditor regarding accounting principles or auditing scope. Additionally, the Board adopted a Third Amendment to its Bylaws effective August 12, 2026, changing stockholder voting requirements for non-director actions from a majority of outstanding shares to a simple majority of votes cast. Unusual Machines, Inc. operates in the manufacturing industry.
Unusual Machines reported second-quarter 2026 financial results with revenue reaching $16.7 million, a 687% year-over-year increase and 106% quarter-over-quarter growth. The company raised $60 million via an at-the-market equity offering at $30 per share during the period. Gross margins stood at 34.7%, while operating expenses totaled approximately $13.6 million, resulting in a GAAP net loss of $7.8 million or ($0.16) per share. Adjusted EBITDA loss was minimal at roughly $0.4 million due to significant non-cash stock compensation charges of $5.7 million. Cash reserves increased substantially to $229.6 million, supported by the equity financing and investment gains. The company anticipates a temporary revenue plateau in Q3 to facilitate scaling ahead of major demand expected in Q4 2026 and into 2027. Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio.