Draganfly Announces Third Quarter Results for 2024
Draganfly Inc. - Common Shares (DPRO)
Company Research
Source: GlobeNewswire
Vancouver, BC., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its third quarter financial results. Key Financial and Operational Highlights for Q3 2024: Revenue for the third quarter of 2024 was $1,885,322 which represents an 8.9% quarter over quarter increase. Product sales of $1,328,675 made up the bulk of the revenue with the remainder coming from drone services. This is compared to total Q3 revenue in 2023 of $2,138,017.Gross profit for Q3 2024 was $440,780 which represents a 4.5% decrease quarter over quarter and was down 50.7% over the same period in 2023. Gross margin percentage for Q3 2024 was 23.4% down from 41.8% in Q3 2023. Gross profit would have been $617,202 and gross margin would have been 32.7%, not including a one-time write down of inventory of $176,422. The decrease is due to the sales mix of th
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News
- Draganfly Announces Closing of US$3.76 Million Registered Direct Offering [Canadian Business Journal (Canada)]Canadian Business Journal
- Draganfly Announces Closing of US$3.76 Million Registered Direct OfferingGlobeNewswire
- Draganfly Announces Pricing of US$3.76 Million Registered Direct Offering [Canadian Business Journal (Canada)]Canadian Business Journal
- Draganfly Announces Pricing of US$3.76 Million Registered Direct OfferingGlobeNewswire
- Draganfly Inc. (NASDAQ: DPRO) had its price target lowered by analysts at HC Wainwright from $7.00 to $5.00. They now have a "buy" rating on the stock.MarketBeat
DPRO
Earnings
- 11/14/24 - Beat
DPRO
Sec Filings
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form SUPPL
- DPRO's page on the SEC website