Unusual Machines (UMAC)
Market Price (3/28/2026): $11.9 | Market Cap: $431.1 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Unusual Machines (UMAC)
Market Price (3/28/2026): $11.9Market Cap: $431.1 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -225% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 101% | Expensive valuation multiplesP/SPrice/Sales ratio is 38x | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 139% | |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Autonomous Technologies. Themes include Industrial Robotics, Process / Warehouse Automation, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -189%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -205% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.6% | ||
| High stock price volatilityVol 12M is 124% | ||
| Key risksUMAC key risks include [1] a failure to achieve sustained profitability due to its capital-intensive strategic shift and continued cash burn, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 101% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Autonomous Technologies. Themes include Industrial Robotics, Process / Warehouse Automation, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -225% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 38x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 139% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -189%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -205% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.6% |
| High stock price volatilityVol 12M is 124% |
| Key risksUMAC key risks include [1] a failure to achieve sustained profitability due to its capital-intensive strategic shift and continued cash burn, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Unusual Machines (UMAC) stock has gained about 35% since 11/30/2025 because of the following key factors:
1. Exceptional Revenue Growth Fueled by Increasing Demand. Unusual Machines reported a significant increase in its financial performance, with full-year 2025 revenue surging by 101% year-over-year to $11.2 million. The company's fourth-quarter 2025 revenue also demonstrated robust growth, increasing 144% year-over-year to $4.9 million, exceeding analyst estimates. This strong revenue momentum reflects successful operational scaling and growing demand for its products from enterprise customers.
2. Expanded Market Opportunity Driven by Government Programs and Regulatory Changes. The company is poised to benefit substantially from the Defense Department's "Drone Dominance" program, which is anticipated to create a market opportunity exceeding $90 million in 2026 and $250 million in 2027. This, coupled with the FCC's ban on foreign-made drone components, has significantly expanded the addressable market for domestic drone parts, within a global drone accessories market projected to reach $115 billion by 2032.
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1. Exceptional Revenue Growth Fueled by Increasing Demand. Unusual Machines reported a significant increase in its financial performance, with full-year 2025 revenue surging by 101% year-over-year to $11.2 million. The company's fourth-quarter 2025 revenue also demonstrated robust growth, increasing 144% year-over-year to $4.9 million, exceeding analyst estimates. This strong revenue momentum reflects successful operational scaling and growing demand for its products from enterprise customers.
2. Expanded Market Opportunity Driven by Government Programs and Regulatory Changes. The company is poised to benefit substantially from the Defense Department's "Drone Dominance" program, which is anticipated to create a market opportunity exceeding $90 million in 2026 and $250 million in 2027. This, coupled with the FCC's ban on foreign-made drone components, has significantly expanded the addressable market for domestic drone parts, within a global drone accessories market projected to reach $115 billion by 2032.
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Stock Movement Drivers
Fundamental Drivers
The 34.6% change in UMAC stock from 11/30/2025 to 3/27/2026 was primarily driven by a 34.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.75 | 11.78 | 34.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 11 | 34.9% |
| P/S Multiple | 31.6 | 38.1 | 20.6% |
| Shares Outstanding (Mil) | 30 | 36 | -17.2% |
| Cumulative Contribution | 34.6% |
Market Drivers
11/30/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| UMAC | 34.6% | |
| Market (SPY) | -5.3% | 29.2% |
| Sector (XLK) | -9.1% | 37.8% |
Fundamental Drivers
The 22.7% change in UMAC stock from 8/31/2025 to 3/27/2026 was primarily driven by a 45.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.60 | 11.78 | 22.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 11 | 45.4% |
| P/S Multiple | 27.1 | 38.1 | 40.4% |
| Shares Outstanding (Mil) | 22 | 36 | -39.9% |
| Cumulative Contribution | 22.7% |
Market Drivers
8/31/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| UMAC | 22.7% | |
| Market (SPY) | 0.6% | 41.0% |
| Sector (XLK) | -0.7% | 44.5% |
Fundamental Drivers
The 64.1% change in UMAC stock from 2/28/2025 to 3/27/2026 was primarily driven by a 214.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.18 | 11.78 | 64.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 11 | 214.5% |
| P/S Multiple | 14.4 | 38.1 | 164.4% |
| Shares Outstanding (Mil) | 7 | 36 | -80.3% |
| Cumulative Contribution | 64.1% |
Market Drivers
2/28/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| UMAC | 64.1% | |
| Market (SPY) | 9.8% | 38.7% |
| Sector (XLK) | 15.9% | 42.3% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/27/2026| Return | Correlation | |
|---|---|---|
| UMAC | ||
| Market (SPY) | 69.4% | 22.2% |
| Sector (XLK) | 94.5% | 20.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| UMAC Return | - | - | - | 455% | -24% | 5% | 344% |
| Peers Return | 28% | -45% | -14% | 251% | 59% | 8% | 265% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| UMAC Win Rate | - | - | - | 36% | 42% | 33% | |
| Peers Win Rate | 30% | 40% | 42% | 38% | 50% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| UMAC Max Drawdown | - | - | - | -66% | -72% | -13% | |
| Peers Max Drawdown | -29% | -60% | -47% | -61% | -60% | -13% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RCAT, AVAV, DPRO, ONDS, UAVS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
UMAC has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 278 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.5% | -33.9% |
| % Gain to Breakeven | 46.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.1% | -19.8% |
| % Gain to Breakeven | 31.8% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.6% | -56.8% |
| % Gain to Breakeven | 115.3% | 131.3% |
| Time to Breakeven | 1,183 days | 1,480 days |
Compare to RCAT, AVAV, DPRO, ONDS, UAVS
In The Past
SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.
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About Unusual Machines (UMAC)
Simultaneous with the closing of this Offering, we will acquire Fat Shark Ltd., referred into in this Prospectus as “Fat Shark,” and Rotor Riot, LLC, referred into in this Prospectus as “Rotor Riot,” which are first-person view (“FPV”) drone technology market leaders. Because Unusual Machines is still in its development stage and has limited operations on a pre-transaction basis, the business-related and certain financial information in this Prospectus focuses on the business, products and operations of Fat Shark and Rotor Riot, which will entail the Company’s business focus following the acquisition. While each entity exists independently, their operations have been structured and developed to complement each other and operate largely in tandem, as the discussions contained elsewhere in this Prospectus describe in greater detail. Fat Shark is a leader in FPV, designing and manufacturing ultra-low latency FPV video goggles for drone pilots, which it markets towards retail distributors including Rotor Riot. Rotor Riot is a rapidly growing e-commerce marketplace, backed by the largest community of FPV drone pilots in the world, and markets drones and drone-related products including Fat Shark goggles and competitor offerings, to end users of the drones and drone products including drone enthusiasts, hobbyists and competitive racers. Over the next two years, we expect that these businesses will continue to excel in the consumer FPV market, while expanding into new enterprise verticals like drone delivery. This is part of our vision to enable people to be part of the robotics revolution. Headquartered in Puerto Rico, we intend to build our business both organically and through strategic acquisitions, by targeting companies within the highly fragmented drone industry that have valuable intellectual property, revenue generating customers, and exceptional teams. We are a Puerto Rico corporation, originally incorporated July 11, 2019, with our principal place of business in San Juan, Puerto Rico. Our principal corporate office is located at 151 Calle De San Francisco, Ste 200 PMB 2106 San Juan, Puerto Rico. The Company was incorporated in Puerto Rico under the name “Red Cat Motor Corporation” on July 11, 2019, before changing its name to “AerocarveUS Corporation” on October 20, 2020 and then to “Unusual Machines, Inc.” on July 5, 2022.
AI Analysis | Feedback
Here are 1-3 brief analogies for Unusual Machines (UMAC):
- GoPro for the FPV drone world.
- The Amazon or eBay for FPV drone parts and accessories.
AI Analysis | Feedback
- FPV Video Goggles: Ultra-low latency goggles designed and manufactured for drone pilots.
- Drones and Drone-related Products: A variety of drones and associated products sold through an e-commerce marketplace.
AI Analysis | Feedback
Unusual Machines (UMAC), through its Rotor Riot brand, sells primarily to individual consumers. The company serves the following categories of customers:
- Drone enthusiasts
- Hobbyists
- Competitive racers
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Allan Evans, Chief Executive Officer and Director
Allan Evans is a serial entrepreneur who has founded and led technological innovation. He co-founded Avegant, a technology company focused on next-generation display technology, where he served as Chief Technology Officer. He was also the Chief Executive Officer of Fat Shark, which was subsequently sold to Red Cat Holdings. Prior to his current role, he served as the Chief Operating Officer of Red Cat from January 2021 to November 2023.
Brian Hoff, Chief Financial Officer
Brian Hoff has served as Chief Financial Officer of Unusual Machines since November 2022. He previously served as Chief Financial Officer of Auddia, Inc. (Nasdaq: “AUUD”) from April 2021 to October 2022. From October 2019 to April 2021, Mr. Hoff was the Vice President, Accounting & Finance at STACK Infrastructure, a provider of digital infrastructure owned by IPI Partners, a private equity firm.
Drew Camden, President and Chief Operating Officer
Drew Camden began his career in the drone industry creating FPV Freestyle videos on YouTube. He was appointed President of Rotor Riot in 2018, where he diversified the business by expanding media production and establishing an e-commerce revenue stream. He also established Rotor Riot's first formal headquarters and launched a line of ready-to-fly FPV freestyle drones, positioning Rotor Riot for its acquisition by Red Cat Holdings in 2020. He was promoted to President of Unusual Machines in February 2026, while retaining his role as Chief Operating Officer.
Stacy Wright, Chief Revenue Officer
Stacy Wright has served as Chief Revenue Officer of Unusual Machines since January 2026. She has held leadership roles across Rotor Riot and Fat Shark, where she contributed to evolving the business from a community-driven e-commerce platform into a diversified revenue organization. She leads the Company's revenue strategy across consumer, enterprise, and defense markets.
AI Analysis | Feedback
The key risks to Unusual Machines' business are:- Dependence on the consumer FPV market and successful expansion into new enterprise verticals. Unusual Machines' current business is heavily reliant on the first-person view (FPV) drone technology market, particularly through Fat Shark's FPV video goggles and Rotor Riot's e-commerce platform for consumer drones and related products. While the company plans to expand into new enterprise verticals, such as drone delivery, over the next two years, the success of this diversification is uncertain and will require significant investment and execution. A decline in the consumer FPV market's popularity, increased competition, or a failure to successfully penetrate new enterprise markets could materially impact the company's revenue and growth prospects.
- Risks associated with an acquisition-led growth strategy in a highly fragmented industry. Unusual Machines intends to build its business both organically and through strategic acquisitions within the highly fragmented drone industry. This strategy carries inherent risks, including the difficulty of identifying suitable acquisition targets with valuable intellectual property and revenue-generating customers, potential challenges in integrating acquired businesses (operational, technological, and cultural), and the risk of overpaying for acquisitions or failing to realize anticipated synergies. These factors could lead to significant financial and operational challenges.
- Intense competition and rapid technological change in the drone industry. The drone industry is characterized by rapid technological advancements and a highly competitive landscape. Unusual Machines, through Fat Shark and Rotor Riot, operates in markets with existing competitors and the potential for new entrants. The company's products, such as FPV goggles, could face obsolescence due to new technologies or evolving customer preferences. Failure to innovate, adapt to market changes, or effectively compete on price, features, or quality could adversely affect its market position and financial performance.
AI Analysis | Feedback
nullAI Analysis | Feedback
The addressable markets for Unusual Machines (UMAC) main products and services are primarily within the First-Person View (FPV) drone market, with an anticipated expansion into the drone delivery market.
FPV Drone Market
The global FPV Racing Drone Market was valued at approximately USD 759.2 million in 2024. North America held a significant share of this market, valued at USD 276.3 million in 2024, with the United States contributing USD 248.7 million. This market is projected to grow to approximately USD 3,906.6 million by 2034, exhibiting a compound annual growth rate (CAGR) of 17.80%. The FPV drone market includes components like FPV cameras, which held the largest market share in 2024 due to their importance in providing high-quality video feeds for immersive piloting experiences.
Drone Delivery Market
The global delivery drone market was valued at USD 528.4 million in 2024. This market is projected to experience substantial growth, reaching an estimated USD 10.4 billion by 2034, at a CAGR of 33.9% between 2025 and 2034. North America accounted for approximately 35% of the delivery drone market share in 2024.
AI Analysis | Feedback
Unusual Machines, Inc. (UMAC) anticipates several key drivers for its revenue growth over the next 2-3 years, primarily stemming from its strategic pivot towards becoming a leading U.S. drone component manufacturer and capitalizing on evolving market dynamics. The expected drivers of future revenue growth for Unusual Machines are:- Shift to Enterprise-Focused Drone Component Manufacturing: Unusual Machines has successfully transitioned from an online retail store to a drone components producer, with enterprise sales significantly increasing from 31% in Q1 2025 to 81% in Q4 2025. This strategic pivot to serving enterprise customers with drone components is a primary driver of sustained growth.
- Growing U.S. Drone Market and Regulatory Tailwinds: The company expects significant expansion in the overall U.S. drone market. This growth is further propelled by regulatory changes, such as the FCC ban on new licenses for foreign-made drones and parts (effective late December 2025), which creates a substantial market opportunity for domestic, NDAA-compliant suppliers like Unusual Machines.
- Participation in Government Programs like the Drone Dominance Program: A significant revenue driver is the Defense Department's Drone Dominance program. Unusual Machines projects this program alone could represent a component opportunity of over $90 million in 2026 and roughly $250 million in 2027.
- Expansion of U.S. Manufacturing Capacity and Automation: To meet anticipated demand, Unusual Machines is aggressively scaling its U.S. production capabilities for critical drone components. This includes plans for automated motor production lines to be operational by Q4 2026, targeting over 100,000 motors per month, and the introduction of battery pack and U.S. camera manufacturing in the second half of 2026.
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Share Issuance
- On February 16, 2024, Unusual Machines closed its Initial Public Offering (IPO) of 1,250,000 shares of common stock at a public offering price of $4.00 per share, generating $5.0 million in gross proceeds.
- In connection with the IPO, the company issued a warrant to its underwriter, Dominari Securities, LLC, to purchase 62,500 shares of common stock.
- Unusual Machines raised capital through multiple stock offerings in 2025, contributing to its balance sheet strength and ending the year with approximately $142.5 million in cash and short-term investments.
Outbound Investments
- On February 16, 2024, Unusual Machines acquired Fat Shark Ltd. and Rotor Riot, LLC from Red Cat Holdings, Inc. for a total purchase price of $20.0 million. This consideration included $1.0 million in cash, a $2.0 million promissory note, and $17.0 million worth of common stock (4,250,000 shares at $4.00 per share).
- A working capital adjustment finalized on July 22, 2024, increased the purchase price for the Fat Shark and Rotor Riot acquisition by an additional $2.0 million, raising the total Note Payable to $4.0 million.
- The company plans to pursue strategic acquisition targets that are cash flow positive and involved in selling drone parts or enabling vertical integration of drone part production.
Capital Expenditures
- In 2025, Unusual Machines significantly expanded its operational footprint in Orlando, growing from 6,900 sq ft to 62,500 sq ft across five locations.
- The company moved into a 25,000 sq ft fulfillment center in December 2025.
- U.S. production of motors commenced in November 2025, and Fat Shark headsets began U.S. production in January 2026, indicating investments in manufacturing capabilities.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Unusual Machines Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.29 |
| Mkt Cap | 0.8 |
| Rev LTM | 14 |
| Op Inc LTM | -34 |
| FCF LTM | -30 |
| FCF 3Y Avg | -27 |
| CFO LTM | -29 |
| CFO 3Y Avg | -26 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 59.5% |
| Rev Chg 3Y Avg | 55.7% |
| Rev Chg Q | 143.9% |
| QoQ Delta Rev Chg LTM | 26.2% |
| Op Mgn LTM | -200.3% |
| Op Mgn 3Y Avg | -279.5% |
| QoQ Delta Op Mgn LTM | -3.0% |
| CFO/Rev LTM | -163.5% |
| CFO/Rev 3Y Avg | -258.5% |
| FCF/Rev LTM | -172.7% |
| FCF/Rev 3Y Avg | -265.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.8 |
| P/S | 27.8 |
| P/EBIT | -23.3 |
| P/E | -20.7 |
| P/CFO | -20.1 |
| Total Yield | -4.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -23.8% |
| D/E | 0.0 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -13.5% |
| 3M Rtn | -5.0% |
| 6M Rtn | -20.1% |
| 12M Rtn | 57.2% |
| 3Y Rtn | 196.6% |
| 1M Excs Rtn | -7.3% |
| 3M Excs Rtn | -1.0% |
| 6M Excs Rtn | -13.8% |
| 12M Excs Rtn | 48.4% |
| 3Y Excs Rtn | 135.9% |
Price Behavior
Price Behavior
| Market Price | $11.78 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 02/14/2024 | |
| Distance from 52W High | -46.8% | |
| 50 Days | 200 Days | |
| DMA Price | $15.40 | $12.20 |
| DMA Trend | up | up |
| Distance from DMA | -23.5% | -3.5% |
| 3M | 1YR | |
| Volatility | 127.5% | 124.9% |
| Downside Capture | 1.75 | 2.62 |
| Upside Capture | 377.28 | 367.89 |
| Correlation (SPY) | 22.9% | 35.6% |
UMAC Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.66 | 1.85 | 3.21 | 4.36 | 2.54 | 0.17 |
| Up Beta | 6.27 | 3.08 | 2.00 | 4.41 | 1.79 | -0.64 |
| Down Beta | -1.97 | -0.13 | 0.41 | 4.05 | 1.95 | -0.03 |
| Up Capture | 427% | 364% | 956% | 996% | 2634% | 2333% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 24 | 36 | 62 | 123 | 240 |
| Down Capture | 476% | 164% | 286% | 279% | 170% | 112% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 17 | 25 | 62 | 127 | 262 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UMAC | |
|---|---|---|---|---|
| UMAC | 73.8% | 125.0% | 1.02 | - |
| Sector ETF (XLK) | 22.4% | 26.8% | 0.73 | 39.1% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 35.5% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 16.4% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 20.5% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 19.9% |
| Bitcoin (BTCUSD) | -21.0% | 44.0% | -0.41 | 36.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UMAC | |
|---|---|---|---|---|
| UMAC | 31.8% | 163.2% | 1.10 | - |
| Sector ETF (XLK) | 15.4% | 24.6% | 0.56 | 20.3% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 22.2% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 8.6% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 6.0% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 18.9% |
| Bitcoin (BTCUSD) | 4.7% | 56.6% | 0.30 | 17.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UMAC | |
|---|---|---|---|---|
| UMAC | 14.8% | 163.2% | 1.10 | - |
| Sector ETF (XLK) | 20.8% | 24.3% | 0.79 | 20.3% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 22.2% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 8.6% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 6.0% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 18.9% |
| Bitcoin (BTCUSD) | 66.9% | 66.8% | 1.06 | 17.5% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/9/2026 | 5.0% | 24.0% | |
| 8/14/2025 | 0.2% | 6.6% | 11.1% |
| 11/14/2024 | -12.1% | 18.3% | 306.5% |
| 8/14/2024 | -2.9% | 5.9% | 0.6% |
| 5/15/2024 | 1.8% | 29.1% | 34.5% |
| SUMMARY STATS | |||
| # Positive | 3 | 5 | 4 |
| # Negative | 2 | 0 | 0 |
| Median Positive | 1.8% | 18.3% | 22.8% |
| Median Negative | -7.5% | ||
| Max Positive | 5.0% | 29.1% | 306.5% |
| Max Negative | -12.1% | ||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/22/2024 | 10-K |
| 09/30/2023 | 02/15/2024 | 424B1 |
| 06/30/2023 | 09/19/2023 | S-1/A |
| 03/31/2023 | 06/14/2023 | S-1/A |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 3/9/2026 | Prior: Q2 2025 Earnings Reported 8/14/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Potential | 90.00 Mil | 260.0% | Raised | Guidance: 25.00 Mil for 2026 | |||
| 2027 Revenue Potential | 250.00 Mil | ||||||
| 2026 Gross Margin | 40.0% | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Rich, Sanford | Direct | Sell | 12312025 | 1.99 | 11,087 | 22,063 | 407,839 | Form | |
| 2 | Evans, Allan Thomas | Chief Executive Officer | Direct | Sell | 12312025 | 1.99 | 11,087 | 22,063 | 329,327 | Form |
| 3 | Camden, Andrew Ross | Chief Operating Officer | Direct | Sell | 12152025 | 10.32 | 50,000 | 515,760 | 2,640,691 | Form |
| 4 | Hoff, Brian Joseph | Chief Financial Officer | Direct | Sell | 12152025 | 10.31 | 75,000 | 773,572 | 4,285,334 | Form |
| 5 | Camden, Andrew Ross | Chief Operating Officer | Direct | Sell | 11212025 | 9.10 | 8,750 | 79,625 | 2,784,600 | Form |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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