Unusual Machines, Inc. (UMAC), a US-based manufacturer of drones and drone components, experienced a dramatic stock surge on Wednesday, with shares skyrocketing by a remarkable 84% to $9.86. This significant jump is directly attributed to the company’s announcement of a key addition to its advisory board: Donald Trump Jr.
Trump Jr., a prominent figure known for his business acumen, bestselling authorship, and existing investment in UMAC, brings a wealth of experience and strategic insight to the company. His appointment comes at a critical juncture for Unusual Machines, as it aggressively pursues its ambitious goal of bringing drone component manufacturing back to the United States. The move is seen as a powerful endorsement of UMAC’s vision and a catalyst for future growth.
Allan Evans, CEO of Unusual Machines, highlighted the invaluable contribution Trump Jr.’s expertise will provide as the company embarks on its expansion strategy. “The need for domestically produced drones is undeniable,” Evans stated. “Equally clear is the necessity to reduce our reliance on foreign suppliers, particularly China.”
Echoing this sentiment, Donald Trump Jr. expressed his enthusiasm for UMAC’s mission, stating, “I love what Unusual Machines is doing to bring drone manufacturing jobs back to the USA and am excited to take on a bigger role in this movement. The need for drones is obvious, and so is the need to stop relying on Chinese drones and parts.” This statement underscores the company’s commitment to national security and economic independence within the rapidly expanding drone sector.
UMAC’s recent achievements further solidify its position in the market. The company recently launched the Brave F7 FPV Flight Controller, a key product demonstrating its commitment to reducing dependence on foreign-made parts. Furthermore, the company reported strong third-quarter sales of approximately $1.53 million, representing a 9% increase from the previous quarter and a gross margin of 26%. This positive financial performance positions UMAC well to meet its ambitious sales target of $5 million for 2024.
Looking ahead, Unusual Machines plans to significantly expand its Rotor Riot operations, introduce a range of new American-made components, and aggressively pursue growth in enterprise sales. This multifaceted growth strategy, combined with the high-profile addition of Donald Trump Jr. to its advisory board, suggests a bright future for UMAC and a significant shift in the landscape of the US drone industry. The company’s commitment to reshoring manufacturing is expected to resonate strongly with investors and consumers alike, fueling further growth in the months and years to come.
