Welcome to our dedicated page for Ageagle Aerial news (Ticker: UAVS), a resource for investors and traders seeking the latest updates and insights on Ageagle Aerial stock.
AgEagle Aerial Systems Inc. (UAVS) delivers cutting-edge drone solutions for precision agriculture, combining UAV technology with advanced data analytics. This page serves as the definitive source for official company news, providing stakeholders with timely updates on operational developments and strategic initiatives.
Access curated press releases, financial disclosures, and technology announcements in one centralized location. Key focus areas include multispectral imaging advancements, FAA-compliant drone deployments, and partnerships enhancing agricultural data capabilities. Regular updates cover product launches, corporate milestones, and market expansion efforts.
Investors and industry professionals will find essential updates on UAVS's integrated SaaS platforms, sensor innovations, and regulatory compliance achievements. Content is organized for quick scanning while maintaining technical accuracy, ensuring value for both casual observers and expert analysts.
Bookmark this resource for ongoing insights into how AgEagle continues shaping smart farming through aerial intelligence solutions. Verify critical updates directly from company sources while staying informed about emerging trends in agricultural UAV applications.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) is set to join the Russell 3000 Index effective after the U.S. market close on June 25, 2021. This inclusion, part of the annual Russell Index reconstitution, positions AgEagle among the largest U.S. stocks by market capitalization. CEO Brandon Torres Declet expressed optimism, noting the potential for enhanced visibility within the institutional investment community. Russell's indexes are significant, with around $10.6 trillion in assets benchmarked against them, indicating the potential impact on AgEagle's market performance.
AgEagle Aerial Systems (NYSE American: UAVS) announced significant management changes, promoting Jesse Stepler to President of Measure Global following its acquisition of Measure. Scott Lumish joins AgEagle as Senior Vice President of Sales and Business Development, bringing over 30 years of experience in drone software markets. Andrea CinqMars has also been appointed as Director of Marketing. These appointments aim to bolster AgEagle's leadership and operational capabilities in the rapidly evolving drone industry, providing promising growth prospects for the company.
AgEagle Aerial Systems (NYSE American: UAVS) has partnered with Parrot to integrate its Ground Control software with Parrot’s ANAFI drone platforms. This collaboration aims to offer enterprise customers a robust, end-to-end solution for managing drone fleets, enabling efficient operations through a mobile flight management application and cloud management portal.
Ground Control provides features such as manual flight control, data processing, and integration with existing workflows, enhancing operational capabilities for businesses utilizing Parrot drones.
AgEagle Aerial Systems (NYSE American: UAVS) has initiated an at-the-market sales agreement with Stifel and Raymond James effective May 25, 2021. This arrangement allows AgEagle to sell up to $100 million of its common stock in at-the-market transactions. A shelf registration statement, filed on February 5, 2021, was approved by the SEC on May 6, 2021. The offering details are accessible via a written prospectus available on the SEC's website.
AgEagle Aerial Systems (NYSE American: UAVS) has announced the appointment of Brandon Torres Declet as the new Chief Executive Officer, effective immediately. He takes over from J. Michael Drozd, who has left the company to pursue other opportunities. The Board of Directors highlighted Torres Declet's extensive experience and leadership capabilities in the drone industry, aiming to leverage his expertise for business growth. Under Drozd's leadership, AgEagle achieved significant milestones, including a 350% increase in shareholder value and a 333% rise in revenues from 2019 to 2020.
AgEagle Aerial Systems (NYSE American: UAVS) reported significant growth in Q1 2021, with revenue jumping to approximately $1.7 million from $391,000 a year earlier, driven by its acquisition of MicaSense and sales of its HempOverview SaaS solution. Gross profit margin improved to 63%, up from 55%. However, the company faced a net loss of $2.9 million, primarily due to increased operating expenses from acquisitions and R&D. As of March 31, 2021, AgEagle held $24.2 million in cash, indicating strong liquidity.
AgEagle Aerial Systems (NYSE: UAVS) will host a webcast on May 17, 2021 at 4:30 p.m. Eastern time to provide a corporate update and share operational highlights. CEO Michael Drozd, CFO Nicole Fernandez-McGovern, and COO Brandon Torres Declet will lead the session. Investors can submit questions via email until May 14, 2021. The event will be streamed live and available for replay. AgEagle specializes in drone solutions, focusing on delivering high-performance technology to various markets, with products made in the USA.
AgEagle Aerial Systems (NYSE American: UAVS) announces its subsidiary MicaSense will participate in AUVSI XPONENTIAL 2021, the largest conference for unmanned systems.
On May 6, 2021, Emily Ciesielski will host a session titled “Image Classification, Irrigation Monitoring & More Using Multispectral & Thermal Imaging” at 1:00 PM ET. Attendees can access the session via the conference’s platform.
MicaSense will also showcase at its virtual booth during the event, connecting with industry leaders and showcasing innovations in drone technology.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announces the appointment of Brandon Torres Declet as Chief Operating Officer and board member, and Jesse Stepler as Senior Vice President, Strategy and Product at Measure. Torres Declet, co-founder of Measure, brings extensive experience, including leadership roles in government and a strong background in drone operations. His previous successes at Measure include overseeing tens of thousands of drone missions. These appointments are expected to enhance AgEagle's management and operational effectiveness.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has acquired Measure Global Inc. in a transaction valued at approximately $45 million. This marks AgEagle's third acquisition, aimed at enhancing its capabilities in the drone technology sector. Measure adds its award-winning Ground Control SaaS software to AgEagle’s offerings, targeting commercial and industrial markets, particularly in agriculture. Measure has established relationships with major companies and has been recognized for its growth excellence in drone services. The acquisition is expected to position AgEagle as a leader in end-to-end drone solutions.
