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Draganfly Inc. (DPRO) is a global leader in the development and manufacturing of unmanned aerial vehicle (UAV) systems, software, and engineering services. Headquartered in Canada, the company has established a significant presence in the United States and internationally. Draganfly operates through three primary segments: Drones, Vital Intelligence, and Corporate.
The Drones segment is the cornerstone of Draganfly's operations, generating the majority of the company's revenue. This segment focuses on the production and sales of cutting-edge UAVs, catering to both hobbyists and industrial clients. Draganfly's drones are utilized in various applications, from recreational flying to critical missions involving emergency services, where they help make dangerous situations safer for personnel.
The Vital Intelligence segment leverages advanced technology to provide products that can measure vital signs from a distance, aiding in the early detection of symptoms among large groups. This innovative approach is particularly useful in public health scenarios, offering a non-invasive method to monitor the health of populations.
The Corporate segment encompasses all costs and activities not directly tied to the Drones or Vital Intelligence segments. This includes administrative functions and strategic initiatives aimed at supporting the overall growth and sustainability of the company.
Draganfly has made significant strides in recent years, achieving key financial and operational milestones. The company continues to expand its product offerings and forge strategic partnerships, positioning itself as a pioneer in the UAV industry. For instance, recent financial highlights for Q4 2023 and early 2024 underscore Draganfly's robust performance and growth trajectory.
Investors and stakeholders can stay informed about Draganfly's developments by visiting the company's official website at www.draganfly.com. For additional investor information, the company's profiles on the CSE, NASDAQ, and Börse Frankfurt are excellent resources.
For media inquiries, please contact Arian Hopkins at media@draganfly.com. Company-related queries can be directed to info@draganfly.com.
Draganfly Inc. (NASDAQ: DPRO) announced plans for a public offering of securities to fund product demand and growth initiatives. The net proceeds are intended for working capital, development, and potential acquisitions. The offering is underwritten by Aegis Capital Corp. and is subject to market conditions, with no guarantee on timing or terms. This offering follows a previously filed effective shelf registration statement with the SEC. Interested investors are encouraged to read the relevant documents available on the SEC’s website.
Draganfly Inc. (NASDAQ: DPRO) reported a 7.8% revenue increase for 2022, reaching $7,605,059, driven by organic drone product sales. However, gross profit dropped significantly to $790,675, largely due to a one-time non-cash inventory write-down. The company faced a comprehensive loss of $27,305,305, compared to $16,399,137 in 2021. Q4 2022 showed a 19.6% revenue decline year-over-year, amounting to $1,314,162, with a gross profit loss of $1,665,971. Despite the challenges, Draganfly is enhancing production capacity and expanding strategic partnerships, aiming for growth in 2023. The company is actively engaging in military and civil sectors with innovative drone technologies.
Draganfly Inc. (NASDAQ: DPRO) has announced a shareholder update call scheduled for March 27, 2023, at 2:30 PDT / 5:30 EDT. During the call, CEO Cameron Chell will discuss company milestones and CFO Paul Sun will present FY 2022 and Q4 2022 financial results, which will be filed after market close on the same day. Lead Director Scott Larson will facilitate a Q&A session. Investors can register for the call and submit questions via designated emails. Draganfly is recognized for its innovative drone solutions, serving various sectors for over 24 years, emphasizing efficiency and safety in its services.
Draganfly Inc. (NASDAQ: DPRO) announced that CEO Cameron Chell will present at the Abundance360 annual conference in Los Angeles from March 20-23, 2023. Chell’s presentation, titled "Creating the Internet of Drones to Serve Global Humanitarian Needs," will focus on the potential of drones in humanitarian efforts. The A360 Summit, led by founder Peter Diamandis, includes influential speakers like Tony Robbins and williams. Draganfly, recognized for over 22 years in the drone industry, emphasizes data-driven AI humanitarianism to enhance efficiency in various sectors.
Draganfly Inc. (NASDAQ: DPRO) announced the expansion of its production facility in Burnaby, BC, to meet increasing demand for its UAV technologies. The upgraded facility aims to enhance the manufacturing capacity for products like the Draganfly Heavy Lift and Commander 3XL, employing automated machinery for efficient fabrication and inventory management. This expansion aligns with the company’s goal to better serve its global customer base while ensuring faster order turnaround. Executives express confidence that this initiative will enhance production capabilities throughout 2023.
Draganfly Inc. (NASDAQ: DPRO) showcased its innovative drone technologies at the World Police Summit in Dubai, held from March 7-9, 2023. The company presented its Heavy Lift Drone and Commander 3XL Drone, aimed at enhancing public safety and national security. Key highlights included discussions on drone delivery, counter-drone technology, and integrated communication capabilities. President and CEO Cameron Chell expressed enthusiasm over the opportunities generated at the event, emphasizing demand for Draganfly's solutions. The company continues to focus on delivering cutting-edge technologies for various sectors, including public safety and agriculture.
Draganfly Inc. (NASDAQ: DPRO) has announced a significant integration with SkyeBrowse, enhancing its public safety drone capabilities. This partnership aims to improve situational awareness and rapid response during emergencies by merging SkyeBrowse's advanced 3D mapping technology with Draganfly's UAV systems. The combined technology will assist emergency responders in tasks like accident reconstruction and disaster management. With over 22 years in the industry, Draganfly continues to innovate, positioning itself as a leader in drone solutions with this strategic collaboration designed to save lives and enhance safety.
Draganfly Inc. (NASDAQ: DPRO) has successfully completed initial field operations in Ukraine focused on integrating personnel and technology for landmine detection. These operations were essential for assessing the required sensors and equipment to enhance mine clearance strategies. The information gathered will aid in developing deployment protocols to improve the safety and efficiency of landmine detection efforts. Draganfly collaborates with organizations in Ukraine to support humanitarian efforts, utilizing drone technology to address critical challenges and save lives.
Draganfly Inc. (NASDAQ: DPRO) announced a partnership with Vermeer to integrate Vermeer’s Visual Positioning System (VPS) with Draganfly’s Commander 3 XL drone. This collaboration aims to enhance military and government mission capabilities by enabling drone operation in GPS-denied environments. The VPS technology allows aerial platforms to navigate using video feeds and pre-mapped 3D terrain, improving intelligence, surveillance, and reconnaissance missions. The integration is expected to streamline operations for the U.S. Department of Defense, offering advanced solutions for remote and challenging mission scenarios.
Draganfly Inc. (NASDAQ: DPRO) announced its participation in the World Police Summit, scheduled for March 7-9, 2023, at the Dubai World Trade Centre. Draganfly will showcase its Heavy Lift, Commander 3XL Drone, and Vital Intelligence Technology to demonstrate enhancements in public safety through drone solutions. CEO Cameron Chell expressed pride in contributing to law enforcement efforts, emphasizing the importance of their technology in enhancing situational awareness and national security.
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