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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) will attend the Seatrade Cruise Global 2022 at booth #3800, alongside Lufthansa Industry Solutions, from April 25-28, 2022, in Miami Beach, Florida. The conference will showcase advancements in cruise technology, design, and services. Draganfly's AI Vital Intelligence platform will be highlighted for enhancing health security for cruise lines. The Smart Vital system can screen health metrics quickly while ensuring privacy. As the cruise industry rebounds, Draganfly aims to provide solutions that support health protocols, contributing to resumed operations.
Draganfly (NASDAQ: DPRO) announced that Paul Mullen will participate in the inaugural Law-Tech Connect™ Workshop on April 25, 2022, at the Orange County Convention Center in Orlando, Florida, co-located with AUVSI XPONENTIAL 2022. This workshop focuses on legal, regulatory, and policy aspects of unmanned aircraft systems and advanced air mobility. It offers accredited Continuing Legal Education (CLE) credits. Draganfly is a gold sponsor, showcasing its commitment to advancing drone technology and industry knowledge.
Draganfly reported a strong financial performance for the fourth quarter and the full year 2021, with total revenues of $7.05 million, a 61.7% increase from 2020. The growth was driven by a 65.3% rise in product sales and a 107% increase in drone services. Despite a comprehensive loss of $16.40 million, this reflects significant non-cash adjustments. The company significantly improved its cash balance to $23.08 million and reported a gross margin of 37.5%. Additionally, Draganfly continues to expand its product lines and partnerships in the drone industry, notably in health monitoring and drone education.
Draganfly Inc. (NASDAQ: DPRO) will hold a virtual shareholder update on March 31, 2022, at 3 p.m. PDT. CEO Cameron Chell and CFO Paul Sun will discuss the company's milestones and financial results for FY 2021 and Q4 2021, which will be released after market hours the same day. The call will also feature a Q&A session, addressing pre-submitted and live questions from investors. As a leader in drone solutions and AI systems, Draganfly has been serving various industries for over 20 years, focusing on providing efficient solutions and services.
Draganfly Inc. (NASDAQ: DPRO) announced that CEO Cameron Chell will appear on CTV Your Morning to discuss the company's recent order of Medical Response and Search and Rescue Drones from Coldchain Delivery Systems. This order includes 10 drones for immediate deployment to Revived Soldiers Ukraine (RSU), with a potential total order of up to 200 units. Draganfly will also donate three drone systems to RSU. The segment airs on March 28, 2022, highlighting the humanitarian aid efforts in Ukraine amid ongoing conflict.
Draganfly Inc. (NASDAQ: DPRO) will host a virtual shareholder update call on March 29, 2022, at 1:30 p.m. PDT. CEO Cameron Chell will discuss milestones, while CFO Paul Sun will present the financial results for FY 2021 and Q4 2021. These results will be filed after the market closes on the same day. The call will include answers to both pre-submitted and live questions from investors.
Draganfly, an industry leader in drone solutions, has been recognized for over 20 years, focusing on various markets such as public safety, health, and agriculture.
Draganfly (NASDAQ: DPRO) announced that CEO Cameron Chell will appear on Fox Business' "Making Money with Charles Payne". The segment will highlight an order for Medical Response and Search and Rescue Drones from Coldchain Delivery Systems for deployment with Revived Soldiers Ukraine. Draganfly will immediately provide 10 drones and donate three additional units. The initial order could expand to 200 units, addressing urgent medical supply needs in Ukraine. The segment airs on March 23, 2022, at 2 p.m. EDT.
Draganfly (NASDAQ: DPRO) has announced a critical order for its Medical Response and Search and Rescue Drones, placed by Coldchain Delivery Systems for immediate deployment in Ukraine. This initial order includes 10 drones, with the potential for up to 200 units. Additionally, Draganfly will donate three drones to support Revived Soldiers Ukraine, which urgently needs medical supplies due to ongoing conflict. The drones feature an innovative payload box capable of transporting 35 pounds of essential medical materials, enhancing humanitarian aid efforts in the region.
Draganfly Inc. (NASDAQ: DPRO) announces its participation in the BF Goodrich Tires Mint 400 race, driven by Ryan Arciero. This prestigious off-road event, attracting over 65,000 spectators and 500 teams, showcases Draganfly's advanced UAV thermal imaging technology, enhancing safety and navigation amid challenging conditions. Following a close second-place finish in 2021, the #32 Truck features upgrades aimed at improving performance and safety. CEO Cameron Chell emphasizes the commitment to integrating technology for a safer racing environment ahead of the race starting March 9, 2022.
Draganfly Inc. (NASDAQ: DPRO) announced its collaboration with Fobi AI Inc. to launch new Access & Healthcare Solutions during a webinar on March 1, 2022. This partnership aims to improve data interoperability and automation in various sectors, including venue management and tourism. The solutions will feature Draganfly's Vital Intelligence Smart Vital Kiosks, which can assess vital signs without storing personal data. The initiative responds to growing demand for health and safety protocols as organizations seek effective ways to adapt to new operational challenges.
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