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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 that its subsidiary senseFly has been added to the U.S. Department of Defense's Blue sUAS 2.0 list, allowing it to provide advanced drone mapping solutions to U.S. military and government agencies. The eBee TAC drone, weighing 3.5 pounds, features rapid deployment capabilities and digital camouflage for stealth operations. Following successful demonstrations at military installations, senseFly aims to complete the registration process by year-end, enhancing its position within the UAS market for government applications.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has launched the RedEdge-P, a cutting-edge drone sensor boasting triple capture speed and double the spatial resolution compared to its predecessor, the RedEdge-MX. This device facilitates precise multispectral and RGB imagery collection, allowing for detailed plant analyses and effective forestry management. The global drone sensor market is projected to reach $2.54 billion by 2028, driven by demand for high-resolution imaging. AgEagle aims to leverage its expertise to enhance operational efficiency across various industries.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced an acquisition of senseFly, a wholly-owned subsidiary of Parrot, valued at US$23 million. Founded in 2009, senseFly specializes in fixed-wing drones and generated approximately US$12.5 million in revenue in 2020. This acquisition aims to enhance AgEagle's drone solutions, targeting sectors like agriculture and construction. It is expected to foster growth and innovation through senseFly's engineering expertise and established reseller network. The CEO of senseFly will step down, with Michael O’Sullivan appointed as Managing Director.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced plans to launch next-generation multispectral sensors through its subsidiary, MicaSense, aimed at precision agriculture, forestry, and conservation.
The new sensors promise superior economics, resolution, and data analysis capabilities. CEO Brandon Torres Declet emphasized their potential to set new standards in data quality and usability. MicaSense aims to begin global distribution in three months. The global drone sensors market is projected to reach $2.34 billion by 2028, growing at a CAGR of 25.08%.
AgEagle Aerial Systems (NYSE American: UAVS) will showcase its advancements in drone technology at the Commercial UAV Expo Americas 2021 in Las Vegas from September 7-9, 2021. CEO Brandon Torres Declet will deliver a keynote address titled Mapping the Market Curve of Commercial Drone Adoption Today… and Tomorrow on September 8. The company, alongside subsidiaries Measure and MicaSense, will be exhibiting at Booth #423, offering product demonstrations and media interviews.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) reported significant growth in its second quarter financial results for 2021, with revenues soaring to $1.94 million compared to approximately $16,000 in 2020. Key contributions came from acquisitions of MicaSense and Measure Global, along with increased sales of the HempOverview platform. The net loss improved to $4.68 million ($0.07 loss per share) versus $10.33 million ($0.31 loss per share) in the prior year. The company also expanded its cash position to $39.21 million as of June 30, 2021.
AgEagle Aerial Systems (NYSE American: UAVS) is set to showcase its drone technology at AUVSI XPONENTIAL 2021 in Atlanta, Georgia, from August 18. The company will exhibit at Booth #2141, providing hands-on product demos and discussions. Emily Ciesielski, Channel Sales Manager at MicaSense, will lead an educational session on Image Classification and Irrigation Monitoring using multispectral and thermal imaging. The event aims to highlight MicaSense’s innovative imaging capabilities and their applications in agriculture.
AgEagle Aerial Systems (NYSE American: UAVS) will host a webcast on August 16, 2021, at 11:00 a.m. Eastern time to discuss its Q2 financial results and operational highlights. CEO Brandon Torres Declet and CFO Nicole Fernandez-McGovern will lead the update, encouraging investors to submit questions by August 13, 2021. The event will be live-streamed and available for replay. Founded in 2010, AgEagle focuses on providing American-made drone solutions and aerial data intelligence, aiming to empower The Drone Age™.
AgEagle Aerial Systems (NYSE American: UAVS) has provided an operational update following the first 60 days of leadership by CEO Brandon Torres Declet. The company aims to refine its business model and strategic vision while aligning its resources to target organic revenue growth in sectors like agriculture, energy, and construction. A key focus will be on M&A to ensure long-term shareholder value. Additionally, Declet's involvement in FAA advisory committees positions AgEagle to influence drone regulations and capture emerging market opportunities, signaling a positive outlook for the company.
AgEagle Aerial Systems (NYSE American: UAVS) announced that the Florida Department of Agriculture and Consumer Services (FDACS) has expanded its licensing of the HempOverview Software-as-a-Service platform. This upgrade enables access to a comprehensive suite of technologies for managing hemp registration, oversight, and enforcement.
The expansion reflects a surge in hemp farming in Florida, projected to grow significantly. FDACS is also working with AgEagle to create a custom registration platform for over 500 endangered and commercially exploited plant species, reflecting the agency's commitment to environmental protection.
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