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AgEagle Aerial Systems, Inc. (symbol: UAVS), based in Kansas, is a renowned provider of cutting-edge unmanned aerial vehicle (UAV) data acquisition drones designed for precision agriculture. As a leading FAA 333 exempt entity, AgEagle’s technology significantly enhances the way farmers monitor and manage crop health.
AgEagle’s drones are engineered to swiftly capture and stitch multi-spectral images of crop fields, enabling growers to identify stress factors such as disease, pests, and improper irrigation days before they become visible to the naked eye. This early detection allows farmers to efficiently utilize their equipment, reduce input costs, increase crop yields, and mitigate environmental impact.
The company is actively involved in designing and delivering top-tier drones, sensors, and software solutions that address critical issues for its customers. AgEagle operates through three primary segments: Drones, Sensors, and Software-as-a-Service (SaaS). The majority of its revenue comes from the commercial sale of drones and related products.
AgEagle's technology is not only instrumental in agriculture but is also expanding into other sectors. The company's recent achievements and ongoing projects reflect its commitment to innovation and customer satisfaction. As they continue to develop sophisticated UAV systems, AgEagle aims to maintain its leadership in the industry and expand its market reach.
For the latest updates and detailed information about AgEagle Aerial Systems, Inc., shareholders and interested parties can contact Investor Relations at UAVS@ageagle.com or Media Relations at media@ageagle.com.
AgEagle Aerial Systems (NYSE American: UAVS) announced enhancements to its Measure Ground Control software, enhancing drone operations for enterprise users. The platform, offered as Software-as-a-Service, automates flight management, data processing, and analysis, promoting efficiency across industries. Key features include mission planning, flight execution, data capture, and collaborative tools. The software integrates with various drone models and supports third-party applications, aiming to streamline drone program management for clients in energy, agriculture, and construction.
AgEagle Aerial Systems (NYSE: UAVS) will exhibit at the MundoGEO Connect 2022 conference from May 17-19, 2022, at the Frei Caneca Convention Center in Sao Paulo, Brazil. Representatives from AgEagle's subsidiaries, MicaSense and senseFly, will showcase advanced drone systems and sensors, including the Altum-PT, RedEdge-P, and eBee-X. This event brings together leaders in drone technology and geomatics, targeting industries such as agriculture, defense, and environmental management.
AgEagle Aerial Systems (NYSE American: UAVS) announces increased demand for its eBee TAC™ drones, now being shipped to U.S. and NATO forces. Recognized for its compliance with the NDAA, the eBee TAC has been showcased at various industry events, highlighting its tactical mapping capabilities. Currently, 133 units are in service, with more expected soon, indicating accelerating government sales. AgEagle aims for a transformative 2022, focusing on converting leads into customers while investing in innovation to cater to a growing global clientele.
AgEagle Aerial Systems (NYSE American: UAVS) will exhibit at AUVSI XPONENTIAL 2022 in Orlando from April 25-28, showcasing its high-performance drones, sensors, and software solutions at booth #2001. This event, hosted by the Association for Uncrewed Vehicle Systems International, is a significant gathering for the unmanned systems industry, bringing together leaders to inspire innovation and collaboration. AgEagle, a pioneer in UAV solutions, serves clients in over 70 countries, including U.S. military and government agencies. For more details, visit www.ageagle.com.
AgEagle Aerial Systems (NYSE American: UAVS) has announced key appointments in its executive leadership team.
Michael O’Sullivan has been named Chief Commercial Officer, expanding his role from Managing Director of AgEagle’s Lausanne operations. Edouard Rosset has been promoted to Executive Vice President of Technology, previously serving as Chief Technology Officer at senseFly.
These changes aim to optimize management structure and drive growth in AgEagle's global operations.
AgEagle Aerial Systems (NYSE American: UAVS) reported a significant 659% increase in total revenues for the year ended December 31, 2021, reaching $9.76 million compared to $1.29 million in 2020, primarily due to strategic acquisitions. Gross profit margin slightly decreased to 44% from 45%. However, the net loss widened to $30.18 million, or $0.43 per share, versus a $14.04 million loss the previous year. Cash reserves decreased to $14.59 million from $23.94 million. The company also highlighted operational achievements, including the launch of new sensor technologies and successful acquisitions.
AgEagle Aerial Systems (NYSE: UAVS) will host a webcast on April 12, 2022, at 4:30 p.m. ET, to discuss its operational developments and financial results for Q4 and full year 2021. CEO Barrett Mooney and CFO Nicole Fernandez-McGovern will lead the update. Investors can submit questions via email until April 8, 2022. Additionally, AgEagle plans to file a Form 12b-25 with the SEC for a 15-day extension to submit its Annual Report due to delays in audit completion related to recent acquisitions.
AgEagle Aerial Systems (NYSE American: UAVS) announced that its subsidiary, senseFly, has been approved as a Blue UAS supplier, allowing the eBee TAC drone to be procured by the U.S. Department of Defense. The eBee TAC completed rigorous evaluations and is now listed as a compliant system, providing capabilities for military mapping and situational awareness. With its lightweight design and advanced features, it has become the best-selling commercial fixed-wing drone in the U.S. for three years.
AgEagle Aerial Systems (NYSE American: UAVS) announced a letter from Chairman and new CEO Barrett Mooney, addressing shareholders about the company's operations and growth strategies. Mooney emphasized a commitment to innovation, integrity, and customer focus. He highlighted successful acquisitions, a strong workforce of engineers and data scientists, and plans for organic growth in 2022 through sales optimization and government sector expansion. Mooney aims to become cash flow positive while enhancing corporate trust and operational effectiveness.
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