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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 Inc. (NYSE American:UAVS) has formed a partnership with government contractor Darley to enhance its market presence in the U.S. first responder and tactical defense sectors. This collaboration aims to promote AgEagle's eBee X™ fixed-wing drones and sensors cleared for Operations Over People by the FAA. Darley, with its extensive government contracting experience, is expected to facilitate AgEagle’s penetration into these lucrative markets. CEO Barrett Mooney highlighted the potential for significant growth in public safety applications, driven by recent sales of eBee TAC units to military and allied nations.
AgEagle Aerial Systems Inc. (NYSE American:UAVS) hosted a successful eBee TAC Tech Day in Belgium for NATO Armed Forces, showcasing its advanced drone technology. Over two dozen military experts attended, gaining insights into the drone's tactical applications and capabilities. The eBee TAC, known for its lightweight design, up to 90 minutes of flight time, and security features, is already utilized by various military units. CEO Barrett Mooney emphasized the importance of live demonstrations in attracting potential customers and gathering user feedback.
AgEagle Aerial Systems (NYSE American: UAVS) will host a webcast on November 15, 2022, at 4:30 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2022. CEO Barrett Mooney and CFO Nicole Fernandez-McGovern will provide insights and respond to investor questions submitted via email by November 11, 2022. The webcast will be available live and for replay. AgEagle specializes in drone technology across various sectors, including agriculture, energy, and government.
AgEagle Aerial Systems (NYSE American: UAVS) announced that its eBee X series drones are the first to comply with the FAA's Category 3 regulations for Operations Over People (OOP). This compliance eliminates the need for FAA waivers, significantly simplifying drone operations across various industries, including insurance and telecommunications. The testing was conducted by Virginia Tech's Mid-Atlantic Aviation Partnership, proving the drones' reliability. This milestone positions AgEagle as a leader in advanced drone operations in the U.S., potentially driving future growth.
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.
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