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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 exercise of an over-allotment option for 95,966 common shares at US$4.00 per share, generating additional gross proceeds of US$383,864. This brings the total gross proceeds from the public offering to US$20,383,864. The funds will be utilized for general corporate purposes including ongoing operations, growth initiatives, and research and development. The company filed a prospectus supplement in connection with this offering, ensuring compliance with relevant securities laws.
Draganfly Inc. (NASDAQ: DPRO) announced on September 14, 2021, that Dr. Kevin Kaplan, head team physician for the Jacksonville Jaguars, has joined its Board of Advisors. His expertise will support Draganfly's Vital Intelligence AI technology aimed at enhancing health safety in sports and educational institutions. Dr. Kaplan brings over a decade of experience in athlete care and has served various sports organizations, elevating Draganfly's commitment to health assessment and security solutions.
Draganfly Inc. (NASDAQ: DPRO) appointed Julie Myers Wood, former Assistant Secretary of Homeland Security, as a director effective immediately. Ms. Wood brings over 25 years of regulatory and enforcement experience, enhancing the company’s capabilities in government and public safety sectors. Previously serving in prominent roles within various government agencies, she is currently the CEO of Guidepost Solutions. Draganfly expressed appreciation for Justin Hannewyk, who will focus on his role as President of Dronelogics Systems. This leadership change aims to strengthen Draganfly's market presence and drone innovations.
Draganfly Inc. (NASDAQ: DPRO) has expanded its partnership with Alabama State University (ASU) by upgrading its Vital Intelligence Smart Vital Assessment Stations and delivering the Varigard sanitizing spray ahead of the Labor Day Classic football game on September 4, 2021. ASU, a pioneer in implementing Draganfly’s safety technology, aims to enhance health protocols on campus. The Smart Vital system monitors vital signs while ensuring compliance with social distancing. This upgrade emphasizes Draganfly's commitment to health solutions during the pandemic.
Draganfly, Inc. (NASDAQ: DPRO) will feature a company overview with Chairman and CEO Cameron Chell on The RedChip Money Report, airing on Bloomberg on August 21, 2021, at 7 p.m. ET. This segment is expected to reach approximately 73 million homes across the U.S. Draganfly specializes in innovative drone solutions and has served various sectors like public safety, agriculture, and mapping for over 23 years. For more details, viewers can access the overview via the provided YouTube link.
Draganfly Inc. (NASDAQ: DPRO) has announced the launch of its new Draganflyer Commander2 drone system, designed and manufactured in Canada. This model replaces the original Commander platform, offering improved operational capabilities and payload options. Key features include new North American built components and compliance with 'Built-in-North America' requirements for regulatory alignment. The Commander2 caters to various sectors including agriculture, military, and emergency services. The unveiling will occur at the AUVSI Xponential event from August 16-19, 2021.
Draganfly Inc. (NASDAQ: DPRO) reported a 113.9% revenue increase in Q2 2021, totaling $1,981,872, driven by product sales and engineering services. Gross profit rose 68.9% to $728,593, but gross margin declined to 36.8%. The company posted a comprehensive loss of $8.1 million, primarily due to a $46.6 million non-cash liability related to USD warrants. Cash reserves significantly improved to $17.3 million compared to $2.0 million at the end of 2020. Notable agreements include a contract with Integrated Launcher Solutions for a drone-based system and a $750,000 partnership with Coldchain Delivery Systems for medical drone delivery.
Draganfly Inc. (NASDAQ: DPRO) will host a virtual shareholder update call on August 12, 2021, at 2 PM MST / 4 PM EST. CEO Cameron Chell will discuss the company's milestones, while CFO Paul Sun will present Q2 2021 financial results, to be filed after market on August 9. The call will also include a Q&A session facilitated by President Scott Larson. Investors can submit questions beforehand. Draganfly specializes in drone solutions, serving public safety, agriculture, security, and more, with over 22 years of industry experience.
Draganfly (NASDAQ: DPRO) announced its attendance at AUVSI XPONENTIAL 2021 in Atlanta from August 16-19, showcasing its Commander II and Tango2 sUAS platforms. The event, the largest for unmanned aerial vehicles, will feature over 800 exhibitors and 225 educational sessions. Draganfly will also present its Drone-Powered Stadium Disinfecting Service, developed in partnership with Varigard, which uses drones for efficient venue sanitization. CEO Cameron Chell highlighted the significance of this event for displaying their latest technology to the global drone industry.
Draganfly (NASDAQ: DPRO) has commenced EMS pilot training in Spring Branch, Texas, aimed at developing skills for drone delivery services in emergencies. This training is part of the Phase 1 ColdChain Delivery Systems contract and focuses on equipping operators to support first responders with essential supplies and data. The program features seasoned pilots, including former USAF personnel, ensuring high competency standards. Draganfly enhances its reputation in public safety and aims to expand its active support in emergency operations through advanced drone technology.
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