Financial Performance - Revenue for Q1 2025 reached $2,042,300, a 230% increase from $618,915 in Q1 2024[123] - Gross profit for Q1 2025 was $496,807, up 143% from $204,167 in Q1 2024, with a gross margin of 24.3%[125] - Net loss for Q1 2025 was $3,266,279, an increase of 195% compared to $1,106,001 in Q1 2024[130] Operating Expenses - Operating expenses in Q1 2025 totaled $302,602, a 169% increase from $112,322 in Q1 2024[126] - Research and development expenses decreased by 53% to $7,903 in Q1 2025 from $16,796 in Q1 2024[127] - Selling and marketing expenses increased by 32% to $207,616 in Q1 2025 compared to $157,058 in Q1 2024[128] Cash Flow and Liquidity - Cash used in operating activities was $1,193,628 in Q1 2025, a slight decrease of 0.2% from $1,195,604 in Q1 2024[132] - Current assets as of March 31, 2025, totaled $7,306,327, with cash balances of $5,000,661[135] - As of May 7, 2025, the company had approximately $40.1 million in cash, providing substantial liquidity for operations[139] Mergers and Acquisitions - The company entered into a merger agreement to acquire Aloft for $14.5 million, primarily in common stock[122]
Unusual Machines(UMAC) - 2025 Q1 - Quarterly Report