Draganfly Inc. Common Shares - DPRO STOCK NEWS

Draganfly Inc. (NASDAQ: DPRO) has successfully completed a public offering, raising US$8.0 million through the sale of 8,000,000 common shares at a price of US$1.00 per share. The proceeds will be allocated for general corporate purposes, including funding new product development, growth initiatives, and working capital requirements. The offering was managed by Aegis Capital Corp. and executed under an effective shelf registration statement with the SEC. Draganfly specializes in drone solutions, software, and AI systems.

Draganfly Inc. (NASDAQ: DPRO) announced a public offering of 8,000,000 common shares priced at US$1.00 per share, aiming to raise approximately US$8.0 million before expenses. The proceeds will support general corporate purposes, enhance product capabilities, facilitate growth initiatives, and assist in ongoing development and marketing. The offering is expected to close on March 31, 2023, contingent on standard closing conditions. Additionally, the underwriter has a 30-day option to purchase up to 15% more shares to cover overallotments. The offering is conducted under an effective shelf registration statement with the SEC.

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.