Draganfly Announces First Quarter Results of 2024 [Yahoo! Finance]
Draganfly Inc. - Common Shares (DPRO)
Company Research
Source: Yahoo! Finance
award-winning, industry-leading drone solutions and systems developer, is pleased to announce its first quarter financial results. Key Financial and Operational Highlights for Q1 2024: ? Revenue for the first quarter of 2024 was $1,329,581 which represents a 45% quarter over quarter increase and was down 17% year over year. Product sales of $1,237,948 made up the bulk of the revenue with the remainder coming from drone services. This is compared to total Q1 Revenue in 2023 of $1,601,486. ? Gross profit for Q1 2024 was $280,011 down $163,423 over the same period in 2023. Gross margin percentage for Q1 2024 was 21.1% compared to 27.7% in Q1 2023. Gross profit would have been $428,771 and gross margin would have been 32.2%, not including a one-time write down of inventory of $148,760. The increase is due to the sales mix of the products sold. ? The Company recorded a comprehensive loss of $1,884,416 in the first quarter of 2024 compared to a comprehensive loss of $7,096,995
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DPRO
News
- Draganfly Receives Military Purchase Order for its Commander 3XL to be used for logistics within various branches of the U.S. Department of Defense [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Draganfly Receives Military Purchase Order for its Commander 3XL to be used for logistics within various branches of the U.S. Department of DefenseGlobeNewswire
- EXCLUSIVE: Draganfly Secures Military Purchase Order For Its Commander 3XL Used For Logistics [Yahoo! Finance]Yahoo! Finance
- Drone Usage for Automated UAV Monitoring Solutions Witnessing Rapid Growth & Increasing Revenue Generating OpportunitiesGlobeNewswire
- Draganfly and Nightingale Security Selected by Fortune 25 Oil and Gas Company to Develop Autonomous Drone-in-a-Box Remote Sensing Solution [Financial Post (Toronto, Ontario, Canada)]Financial Post
DPRO
Earnings
- 8/13/24 - Miss
DPRO
Sec Filings
- 9/26/24 - Form 6-K
- 9/24/24 - Form 6-K
- 9/17/24 - Form 6-K
- DPRO's page on the SEC website