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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) has received a purchase order from TB2 Aerospace for Commander 3XL Drones to be deployed with TB2 Drone Recharging Operational Payload System Pods (DROPS) within the U.S. Department of Defense. The Commander 3XL will be used for various logistics missions, serving as a primary transport vehicle for TB2 Aerospace's smart logistics PODs.
This order marks the beginning of the deployment and scaling of the DROPs system with Draganfly's drone line. Draganfly's drones are interoperable, offering operators various aircraft sizes, payload capacities, and weight configurations with common communication, counter electronic warfare options, and mission planning software.
The collaboration between TB2 Aerospace and Draganfly integrates TB2's DROPS Pods on Draganfly's drones, positioning Draganfly as a primary transport vehicle for TB2 Aerospace deployments within the DoD. This partnership aims to reduce operational and training costs for the DoD while standardizing the supply chain.
Draganfly Inc. (NASDAQ: DPRO) and Nightingale Security have been selected by a Fortune 25 oil and gas company to develop a fully automated UAS solution for infrastructure monitoring. The project aims to enhance operational efficiency and safety in the oil and gas sector through advanced remote sensing technology.
The integrated solution will feature the Draganfly APEX, an advanced UAV platform, equipped with a custom sensor package including Optical Gas Imaging (OGI), Tunable Diode Laser Absorption Spectroscopy (TDLAS), thermal, and RGB sensors. This combination will enable real-time monitoring of critical infrastructure, detecting leaks, emissions, and structural abnormalities with high precision.
The first phase of sensor validation and selection has been completed, with demonstration and in-field testing scheduled through the end of the year. Future phases will integrate the Draganfly APEX with Nightingale Security's Drone in a Box flight software, creating a fully automated advanced remote sensing system for monitoring infrastructure in remote, hazardous, and RF-challenged environments.
Draganfly Inc. (NASDAQ: DPRO) has unveiled its newest product, the APEX Drone, designed for military and law enforcement surveillance operations. This compact, transportable version of the Commander 3XL offers up to 45 minutes of flight time and a 5-pound payload capacity. Key features include:
- Quick-release, exchangeable payload system
- Optional Nvidia onboard computing for AI performance
- Various communication link options, including COFDM
- Designed and manufactured in North America
The APEX drone will debut at the Land Forces Conference in Melbourne, Australia, from September 11-13, 2024, introducing it to the Asia-Pacific defence industry.
Draganfly Inc. (NASDAQ: DPRO) has received a purchase order from Virtual Reality Rehab Inc. (VRR) for its Commander 3XL and Flex FPV Drones to be deployed within the U.S. Department of Defense. The Commander 3XL will be used to carry and deploy swarms of Draganfly Flex FPV Drones using VRR's Holowarrior platform. This collaboration integrates VRR's advanced software, HellHive functionality, and swarming technology with Draganfly's drones.
The modular design and payload capacity of the Commander 3XL make it ideal for remote deployment of FPV Drone Swarms. The Flex FPV drone's adaptability and performance, including a payload capacity of up to 6 lbs, allow for various mission-specific attachments. The integration aims to address evolving operational requirements of modern warfighters, enabling interoperability between multiple vehicle types and systems like ATAK and Nett Warrior.
Draganfly Inc. (NASDAQ: DPRO) has confirmed September 5, 2024, as the effective date for its previously announced 25-to-1 share consolidation. The company expects its common shares to begin trading on a post-consolidated basis at market open on this date, subject to final confirmation from the Canadian Securities Exchange and Nasdaq. This move follows the board's approval of the consolidation on August 23, 2024. Upon completion, Draganfly's CUSIP will change to 26142Q304 and its ISIN to CA26142Q3044. Shareholders seeking more information on the consolidation's effects can refer to the August 23 news release or visit the company's investor relations website for a detailed Q&A document.
Draganfly Inc. (NASDAQ: DPRO) has announced a 1-for-25 share consolidation effective September 3, 2024. This move aims to ensure compliance with Nasdaq listing requirements. Post-consolidation, the company's outstanding common shares will reduce from 87,166,435 to 3,486,658. The consolidation will adjust the exercise price and number of shares issuable under outstanding convertible securities proportionately. Shareholders will receive instructions for exchanging their shares via a letter of transmittal from Endeavour Trust The company's name and stock symbols will remain unchanged, but new CUSIP and ISIN numbers will be assigned. Fractional shares will be rounded up to the nearest whole number.
Draganfly Inc. (NASDAQ: DPRO) has closed a US$2.0 million registered direct offering of 16,666,666 units, each priced at US$0.12. Each unit consists of one common share (or pre-funded warrant) and one warrant to purchase one common share at US$0.15, exercisable immediately and expiring in five years. Maxim Group acted as the sole placement agent. The company plans to use the net proceeds for general corporate purposes, including funding new product demand, growth initiatives, working capital, product development and marketing, potential acquisitions, and R&D. The offering was made under an effective shelf registration and base shelf prospectus, with securities sold only in the United States.
Draganfly Inc. (NASDAQ: DPRO) has announced a US$2.0 million registered direct offering with a single institutional investor. The offering includes 16,666,666 units at US$0.12 per unit, each consisting of one common share (or pre-funded warrant) and one warrant. The warrants have an exercise price of US$0.15 per share and a 5-year expiration. Maxim Group is the sole placement agent. Draganfly plans to use the proceeds for general corporate purposes, including funding new product demand, growth initiatives, working capital, and potential acquisitions. The offering is expected to close around August 21, 2024, subject to customary conditions and regulatory approvals.
Draganfly Inc. (NASDAQ: DPRO) reported a 30.3% quarter-over-quarter revenue increase in Q2 2024, reaching $1,732,990. Product sales accounted for $1,387,350 of the total revenue. Gross profit rose by 64.9% quarter-over-quarter to $461,673, with a gross margin of 26.6%. The company recorded a comprehensive loss of $7,097,638. Draganfly launched its FlexModular FPV UAV System for government and military use, partnered with First Atlantic Nickel Corp. for drone surveys, and deployed record numbers of drone crews for wildfire support. The company also closed a $3.5 million offering and announced collaborations with ParaZero Technologies, Squamish Search and Rescue, Doodle Labs, and UXV Technologies to enhance UAV operations and safety.
Draganfly Inc. (NASDAQ: DPRO) has announced a strategic partnership with The Institute for Drone Technology, appointing them as a value-added distributor of Draganfly's drone technology in Australia. This collaboration aims to meet the growing demand for advanced drone solutions in the Australian market, particularly in government, enterprise, and public safety sectors.
Key points:
- The Institute for Drone Technology will distribute Draganfly's UAV technology to its extensive customer base
- Draganfly will participate in the Land Forces International Land Defence Exposition in September
- The partnership is expected to enhance operational efficiency, safety, and innovation across various sectors in Australia
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