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Unusual Machines | 10-Q: Q3 2024 Earnings Report

Unusual Machines | 10-Q: Q3 2024 Earnings Report

Unusual Machines | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/15 06:15

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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.
飞凡机器报告2024年第三季度营业收入为150万美元,毛利率达到26%。该公司在本季度录得净亏损210万美元,而2023年第三季度的亏损为354,000美元。营业费用增加至190万美元,主要由于股票补偿和IPO相关费用。该公司在本季度完成了几项战略举措,包括将100万美元的债务交换为C轮优先股和Warrants。管理层继续加强内部控制,并实施新的ERP系统以提升财务报告能力。截止到2024年9月30日,该公司持有170万美元现金。季度结束后,飞凡机器在2024年10月通过定向增发筹集了额外的195万美元,使总现金约为240万美元。管理层认为当前资金将支持公司运营至少12个月,尽管他们预计在2024年第四季度完成与收购相关的估值时可能会出现潜在的商誉减值费用。
飞凡机器报告2024年第三季度营业收入为150万美元,毛利率达到26%。该公司在本季度录得净亏损210万美元,而2023年第三季度的亏损为354,000美元。营业费用增加至190万美元,主要由于股票补偿和IPO相关费用。该公司在本季度完成了几项战略举措,包括将100万美元的债务交换为C轮优先股和Warrants。管理层继续加强内部控制,并实施新的ERP系统以提升财务报告能力。截止到2024年9月30日,该公司持有170万美元现金。季度结束后,飞凡机器在2024年10月通过定向增发筹集了额外的195万美元,使总现金约为240万美元。管理层认为当前资金将支持公司运营至少12个月,尽管他们预计在2024年第四季度完成与收购相关的估值时可能会出现潜在的商誉减值费用。
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