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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 that its Trophy Truck, driven by Ryan Arciero, secured a second-place finish at the Mint 400 in Las Vegas on December 4, 2021. This marks their second podium of the season, following a win in August. The company contributed advanced UAV thermal imaging technology that helped navigate challenging race conditions, providing crucial terrain data pre-race. Arciero praised the technology, calling it a game changer for the racing team. The company continues to innovate in drone solutions and AI systems.
Draganfly Inc. (NASDAQ: DPRO) has launched a motorsport development program as part of its collaboration with the Draganfly Trophy Truck team, featuring off-road racing legend Ryan Arciero. Their Trophy Truck recently won the prestigious 2021 Maxxis Tires “Casey Folks” Vegas to Reno race. Draganfly’s advanced UAV technology enhances performance and safety by providing real-time visibility and necessary support during races. Upcoming enhancements include emergency supply delivery capabilities during events. The 2021 BF Goodrich Tires Mint 400 race starts on December 1, 2021.
Draganfly (NASDAQ: DPRO), a leader in drone solutions, announced that the Franklin County Sheriff’s Office has adopted its Vital Intelligence Smart Vital assessment platform for employee screening at the 911 Communications Center in Florida. This system will monitor vital signs such as heart rate and temperature, enhancing health security for law enforcement personnel amid the COVID-19 pandemic. Over 460 U.S. law enforcement officials have died from COVID-19 since the pandemic began. Draganfly aims to improve public safety with technology that allows for better responses to health threats.
Draganfly (NASDAQ: DPRO) reported a strong Q3 2021 with revenues rising 30.5% to $1.9 million, fueled by robust product and service sales. Gross profit increased by 37.9%, reaching $773,050, reflecting higher engineering service contributions. Total comprehensive income soared to $24 million, a significant turnaround from a $2.5 million loss in Q3 2020, largely due to a non-cash liability adjustment related to USD warrants. Additionally, the cash balance improved to $28 million from $2 million at year-end 2020, enhancing liquidity. The company secured a $9 million agreement to manufacture AI companion robots, further bolstering growth prospects.
Draganfly Inc. (NASDAQ: DPRO) announced a virtual-only shareholder update call scheduled for November 9, 2021 at 2:30 PM MST. CEO Cameron Chell and CFO Paul Sun will review company milestones and Q3 2021 financial results, to be filed after the market closes. The update aims to engage shareholders through live Q&A, facilitated by President Scott Larson. Draganfly, a leader in drone solutions, has been recognized for over 20 years in technology innovation across various sectors including public safety and agriculture.
Draganfly Inc. (NASDAQ: DPRO) has launched the "Why I Fly" video series in partnership with the Drone Racing League (DRL), focusing on the journeys of elite drone pilots. Set to air during the 2021-22 DRL World Championship Season, the series highlights the pilots' training and competition strategies. Additionally, Draganfly introduced DRL Labs for advanced drone technology research. A newly established sponsorship deal with Trophy Truck will enhance product development and marketing efforts, valued at $600,000 annually. Draganfly aims to lead in drone innovations.
Draganfly (NASDAQ: DPRO) has conducted over 300 successful daytime drone delivery test flights with emergency medical services (EMS) personnel in Texas. The company is entering night flight training as part of a partnership with Coldchain Technology Services. The initiative aims to enhance emergency response capabilities by training drone operators to manage deliveries of medical supplies in critical situations. Draganfly's innovative payload box can carry up to 15 pounds of temperature-sensitive medical supplies. The data from current tests will be submitted to the FAA for future operational approval.
Draganfly (NASDAQ: DPRO) will present at the Benzinga October Global Small Cap Conference on October 28, 2021, at 11:10 AM EST. The virtual event, taking place from October 27-28, bridges small cap companies with investors and traders, offering insights on leadership and business strategies. Draganfly has established itself as a leader in drone solutions, collaborating with organizations like the Drone Racing League and securing agreements with Digital Dream Labs and Valqari. Attendees can register to gain critical industry insights.
The Drone Racing League (DRL) announced the DRL Vegas Championship Race, the finale of the 2021-22 DRL Algorand World Championship Season, set for January 5, 2022, at T-Mobile Arena in Las Vegas. This high-profile event will feature top drone pilots racing through a custom aerial track at 90 MPH. Sponsored by T-Mobile, the championship will be broadcast on NBC and Twitter in February 2022. Partners such as Algorand and Allianz will integrate unique activations into the event, which aims to showcase technology and entertainment during CES.
Draganfly (NASDAQ: DPRO) has launched its Drone Pilot Training program at Alabama State University (ASU), which is currently in its third week of a nine-week course. The program, aimed at students including those in ROTC and various STEM programs, includes a Federal Aviation Administration (FAA) Part 107 drone preparation course, essential for obtaining a Remote Pilot Certificate. ASU previously collaborated with Draganfly during the pandemic using its Vital Intelligence technology. Plans for commercialization of the training program are set for next year, expanding its reach across universities.
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