Record Revenue Quarter
The fourth quarter was the highest revenue quarter of all time, with the company finishing the year at $5.65 million, exceeding the target of $5 million in sales for 2024.
Strong Cash Position
Unusual Machines started the quarter with $1.7 million and finished with $3.8 million. Additional warrant exercises brought in $2.4 million, leaving the company with about $5 million in cash today.
Debt Elimination
The company eliminated $4 million in debt, leaving it in the best financial position it has ever been.
Introduction of Options Trading
Unusual Machines enabled options trading on its stock and plans to file a Form S-3 to provide flexibility in capitalizing on market opportunities.
Focus on Growth and Expansion
The company is focusing on aggressive growth, planning to expand its components business and electric motor production in Orlando.
Blue UAS Products and B2B Sales
B2B sales represented 15% of Q4 revenue, with the company's components business already accounting for the same percentage of total revenue.