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Draganfly Inc
CNSX:DPRO

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Draganfly Inc
CNSX:DPRO
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Price: 11.79 CAD 5.74% Market Closed
Market Cap: 265.3m CAD

Draganfly Inc
Investor Relations

Draganfly, Inc. engages in the manufacture and sale of commercial unmanned aerial vehicle systems and software serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. The company is headquartered in Saskatoon, Saskatchewan and currently employs 41 full-time employees. The company went IPO on 2019-11-05. The company manufactures multi-rotor helicopters, industrial aerial video systems and civilian small unmanned aerial systems or vehicles. The Company’s products include Quadcopters, Draganfly Commander2, Vital Intelligence, Quantix Mapper, Tango2, Payloads and Sensors, Universal Control System and Software. Its services include custom engineering, training, flight services, data services and varigard spraying. The Company’s wholly owned subsidiaries include Draganfly Innovations Inc., Draganfly Innovations USA, Inc. and Dronelogics Systems Inc.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 9, 2023
AI Summary
Q2 2023

Revenue Decline: Q2 revenue was $1.9 million, down 19.8% year-over-year but up 19% quarter-over-quarter.

Gross Margin: Gross margin was 24.6% for Q2, impacted by a one-time inventory write-down; would have been 31.1% otherwise.

Comprehensive Loss: Total comprehensive loss for Q2 was $6.9 million, compared to income of $640,000 last year.

Production Expansion: New manufacturing facility in Saskatoon coming online, expected to more than double capacity and improve scaling.

Strong International Demand: Significant growth seen in markets like Ukraine and India, with demand for North American-made drones.

Product Pipeline: Two major new industrial drone products to be announced in September, driven by direct customer demand.

Supply Chain Management: Company is increasing inventory and adapting facilities to address ongoing supply chain challenges.

Key Financials
Revenue
$1.9 million
Gross Profit
$467,000
Gross Margin
24.6%
Cash
$6.7 million
Comprehensive Loss
$6.9 million
Total Assets
$12.7 million
Working Capital Surplus
$7.5 million
Earnings Call Recording
Other Earnings Calls
2022

Management

Mr. Cameron Chell
President, CEO & Director
No Bio Available
Mr. Paul Sun C.F.A., M.B.A., P.Eng.
CFO & Corporate Secretary
No Bio Available
Mr. Paul Mullen
Chief Operating Officer
No Bio Available
Ms. Deborah R. Greenberg
Chief Legal, Corporate Service Officer & Corporate Secretary
No Bio Available

Contacts

Address
SASKATCHEWAN
Saskatoon
2108 St George Ave
Contacts
+14037816671.0
draganfly.com