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 (NYSE American: UAVS) will showcase its solutions at INTERGEO Expo 2022 in Essen, Germany, from October 18-20, 2022. The exhibit is located at Booth #A1-024, where attendees can engage with key team members. Pierre-Alain Marchand, Head of Regulation, will present an educational lecture titled “European Drone Regulations Explained: Challenges, Benefits and Opportunities” on October 18 at 3:00 PM. The expo will highlight advancements in geospatial technology and the evolving regulatory landscape in Europe.
AgEagle Aerial Systems (NYSE American: UAVS) announced its participation in Commercial UAV Expo 2022 in Las Vegas from September 6-8, 2022. CEO Barrett Mooney will speak during the panel discussion titled Drone Visionaries: Getting Drones to Work Today on September 7 from 4:30 PM to 5:30 PM PT. AgEagle will exhibit in Booth #709, providing product demonstrations and media interviews. The event will feature over 200 exhibitors and attract more than 2,500 attendees, showcasing advancements in commercial unmanned aerial systems across various industries.
AgEagle Aerial Systems (UAVS) reported significant revenue growth in Q2 2022, with a 173% increase in quarterly revenues to $5.29 million from $1.94 million, and a 151% rise in six-month revenues to $9.13 million compared to $3.64 million in 2021. The growth was driven by the senseFly acquisition and strong sales of new multispectral sensors, although software subscription revenues declined. Loss from operations increased to $5.39 million due to supply chain challenges and higher costs. The company holds $13.51 million in cash as of June 30, 2022.
AgEagle Aerial Systems (NYSE American: UAVS) will host a webcast on August 16, 2022, at 4:30 p.m. Eastern time to discuss recent operational updates and financial results for the second quarter ending June 30, 2022. CEO Barrett Mooney and CFO Nicole Fernandez-McGovern will lead the discussion, addressing investor questions submitted by August 12, 2022. The webcast can be accessed live or via replay at this link. AgEagle specializes in drone solutions for multiple sectors including energy and agriculture.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced the full satisfaction of its payment obligations related to the 2021 acquisitions of MicaSense and senseFly, following waiver agreements. This settlement, which included cash payments of approximately $3.65 million, reduced the total debt by more than $7.35 million. CEO Barrett Mooney expressed gratitude to institutional shareholders for their support, emphasizing the strategic importance of this move in strengthening the balance sheet for future growth opportunities.
AgEagle Aerial Systems (NYSE:UAVS) announced that the Brazilian National Civil Aviation Agency has approved BVLOS flights for its eBee Geo and eBee Ag fixed-wing drones. This clearance complements the drone's existing approvals in the U.S. and Europe. The eBee series represents 41% of all commercial fixed-wing drone registrations in the U.S. since 2016, affirming its market leadership. CEO Barrett Mooney emphasized the company's commitment to safety and performance, anticipating further growth as drone regulations evolve globally.
AgEagle Aerial Systems (NYSE American: UAVS) announced it will fulfill over $2 million in backlogged orders for its MicaSense Altum-PT, RedEdge-P, and RedEdge-MX sensors in Q3 2022. The company attributes this progress to enhanced supply chain management amid increasing global demand for advanced sensor technology across agriculture and land management sectors. CEO Barrett Mooney highlighted successful efforts to overcome supply chain bottlenecks, ensuring timely order fulfillment moving forward. AgEagle continues to develop cutting-edge solutions to meet market needs.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has entered into a securities purchase agreement with an existing shareholder for the purchase of 10,000 shares of Series F 5% Convertible Preferred Stock and warrants to acquire up to 10,416,667 common shares. This offering is expected to generate gross proceeds of approximately $10 million. The net proceeds, around $9.92 million after expenses, will be allocated for working capital and capital expenditures. The offering closes on or about June 29, 2022. The Investor holds an option for additional investments totaling $25 million over 18 months.
AgEagle Aerial Systems (NYSE American: UAVS) has received a Design Verification Report from the European Union Aviation Safety Agency (EASA) for its eBee X drone, confirming its compliance with Ground Risk Class M2 standards. This approval allows drone operators in 27 European countries, including Iceland and Switzerland, to seek SORA authorization for Beyond Visual Line of Sight (BVLOS) flights and Operations Over People (OOP). The eBee X is the first drone to achieve this designation, paving the way for increased commercial drone operations across various industries.
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