Draganfly Inc

NASDAQ:DPRO

Business Description

Sector

Industrials

Industry

Aerospace & Defense

Headquarters

Canada CA

Employees

67

IPO date

Nov 5, 2019

Draganfly Inc. makes and supports unmanned aerial vehicles, or drones, along with the software, sensors, and services that go with them. Its products are used to collect images, map sites, inspect assets, and gather data from hard-to-reach places. The company sells to customers that need aerial information without sending people into risky or expensive environments.

Its main customers include public safety agencies, emergency responders, defense users, agriculture businesses, and industrial companies. Draganfly can earn money by selling drone hardware, related payloads and accessories, and service contracts for custom systems, training, and support. In practice, it sits in the middle of the drone value chain: it builds the aircraft and helps customers use them in the field.

What makes the business model different is that it is not just a gadget seller. Draganfly ties together hardware, data capture, and mission-specific services, which makes the relationship with customers more ongoing than a one-time equipment sale. That can create repeat business when customers need maintenance, upgrades, software, or specialized systems for a specific job.