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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 the launch of its new Heavy Lift and Commander 3 XL Drones, enhancing its position in the growing drone services market. The Heavy Lift Drone boasts a payload capacity of 67 pounds and flight time of up to 55 minutes, while the Commander 3 XL offers weather resistance and a 26-pound payload capacity. Both drones support various payloads, including imaging solutions. According to Verified Market Research, the global drone services market is projected to reach $60.67 billion by 2028, with a CAGR of nearly 24%. This positions Draganfly favorably for market growth.
Draganfly (NASDAQ: DPRO) announced its participation at the 2022 Texas Emergency Management Conference from May 31 to June 3 in San Antonio, Texas. The company will showcase its Drone as First Responder, Medical Response, and Search and Rescue platforms among other innovations. Draganfly emphasizes the efficiency of drones in emergencies, notably in reducing response times and improving situational awareness.
Draganfly Inc. (NASDAQ: DPRO), a pioneering developer of drone solutions, will present at the H.C. Wainwright Global Investment Conference from May 23-26, 2022. CEO Cameron Chell will deliver a virtual presentation, available online starting May 24, 2022, at 7 a.m. EDT, and archived for 90 days. Draganfly's innovative drone solutions are utilized across various sectors, enhancing operational efficiency and safety.
Draganfly Inc. (NASDAQ: DPRO) is attending the 2022 Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, from May 16-19, 2022. The event gathers the SOF community to enhance collaboration across sectors. Draganfly will showcase its Medical Response and Search and Rescue Drone platforms, emphasizing their role in aiding critical missions.
Draganfly (NASDAQ: DPRO) has partnered with NuGen M.D. and Coldchain Delivery Systems to deploy Medical Response Drones for delivering needle-free injection devices filled with insulin to conflict areas in Ukraine. The initiative aims to address the urgent medical needs of over 2.3 million diabetics in Ukraine, particularly in war-torn regions. The initial donation includes 50 InsuJet™ devices and 5,000 syringes. Draganfly will initially supply 10 drones, with a potential order for up to 200 units. This collaboration is critical for ensuring access to essential medical supplies during the ongoing crisis.
Draganfly (NASDAQ: DPRO) announced its partnership with Airworx for the 2022 SC Public Safety Unmanned Systems Summit in Greenville, SC, on May 12-13. The event aims to showcase drone technologies for public safety, featuring Draganfly's Drone as First Responder and AI Vital Intelligence platforms. A report forecasts the public safety drone market to hit $3 billion by 2025, with agencies expanding their drone pilot programs. Draganfly's President, Cameron Chell, emphasized the platforms' potential to enhance efficiency and response times in law enforcement operations.
Draganfly reported a notable 32.8% year-over-year revenue increase for Q1 2022, totaling $2,044,562, primarily from organic product sales. Gross profit surged 58.5% to $301,143, with improved gross margin at 39.9%. The comprehensive loss narrowed to $6.29 million, significantly lower than the previous year’s $44.9 million. Cash reserves decreased to $19.6 million. Notable developments include a 200-unit order for Medical Response and Search and Rescue Drones and a partnership with Fobi AI to enhance in-person event safety.
Draganfly Inc. (NASDAQ: DPRO) has announced significant governance changes, including the appointment of John Mitnick as Chairman of the Board. Mitnick, with extensive legal and executive experience, aims to enhance the company’s strategic growth and shareholder value. Cameron Chell will serve as both CEO and President. Additionally, Paul Mullen has been appointed as the first Chief Operating Officer, tasked with overseeing operational growth. Draganfly focuses on innovative drone solutions across various sectors, reaffirming its position as an industry leader.
Draganfly Inc. (NASDAQ: DPRO) has announced a shareholder update call scheduled for May 10, 2022, at 2:30 p.m. PDT/5:30 p.m. EDT. CEO Cameron Chell will discuss the company's key milestones, while CFO Paul Sun will review Q1 2022 financial results, set to be filed later that day. Following the prepared remarks, pre-submitted questions will be addressed by Lead Director Scott Larson. This call seeks to enhance transparency and engage investors on the company’s progress.
Draganfly Inc. (NASDAQ: DPRO) announced its commitment to provide five specialized Medical Response Drones to Revived Soldiers Ukraine (RSU), funded by DroneAid: Ukraine. These drones are designed for delivering temperature-sensitive medical supplies to inaccessible areas in Ukraine amid urgent humanitarian needs. The order builds on a prior request involving up to 200 drone units. CEO Cameron Chell emphasized the critical role of these drones in supporting humanitarian efforts. The initiative aims to alleviate the ongoing crisis in Ukraine by enhancing the efficiency of medical aid delivery.
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