Trump Jr.-backed Unusual Machines rises after Q3 revenue beat

By Reuters News16:36 (UTC), 6 November 2026 Updated

** Shares of Donald Trump Jr.-backed Unusual Machines rise 4.7% to $11.23 in morning trading

** US drone-components maker reports Q3 revenue of $13.90 million, up more than six-fold from a year earlier and beating analysts' consensus of $12.39 million, according to data compiled by LSEG

** Revenue growth was driven by higher motor output, expansion of drone battery maker Upgrade Energy and increased manufacturing capacity

** Co reports quarterly loss of 50 cents per share, compared with a 5 cent per share profit a year earlier

** "This loss is almost entirely driven by non-cash items, including an unrealized loss on short-term investments of $18.4 million and stock compensation expense of $5.5 million" UMAC says

** Co has tumbled over the past two sessions, as Republican election losses weighed on companies closely associated with President Donald Trump, the party's most prominent figure

** All 9 brokerages covering the stock, give it a "buy" rating; median PT at $30 — LSEG data

** Including session moves, UMAC shares have dropped about 12% YTD