Financial PerformanceUMAC ended 1Q25 with $5.0M in cash and equivalents and no debt, up from $3.8M at the end of 2024. Subsequent to quarter end, the company raised $36M in net proceeds from an equity offering.
Revenue GrowthRevenue of $2.0M, +230% y/y, beat our estimate for $1.5M and a thin consensus of $1.7M.
Strategic Market PositionUMAC's close relationship to one of the preeminent emerging small drone suppliers to the U.S. military positions it well to capitalize on the growing market.