Workflow
Draganfly (DPRO)
icon
Search documents
Draganfly Announces Closing of US$13.75 Million Public Offering
Globenewswire· 2025-06-12 20:40
Core Points - Draganfly Inc. has successfully closed a public offering of 5,500,000 units, generating gross proceeds of approximately US$13.75 million at a price of US$2.50 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrants having an exercise price of CA$5.0768 (or US$3.71) and expiring five years after issuance [1][2] - The net proceeds from the offering will be used for general corporate purposes, including funding new product capabilities, growth initiatives, working capital, and research and development [2] Offering Details - The offering was conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and a Canadian short form base shelf prospectus [3] - The securities were offered and sold exclusively in the United States, with no sales made to Canadian purchasers [3] - A final prospectus supplement and accompanying base shelf prospectus have been filed with relevant securities commissions and are available for public access [4] Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the drone technology sector [6] - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [6]
Canada's $80 Billion Defence Modernization Package Signals Strategic Shift—Draganfly Positioned for Rapid Growth with Integration of DND-Specified Radio Systems
Globenewswire· 2025-06-12 13:00
Group 1: Defence Investment and Policy Shift - Prime Minister Mark Carney announced an $80 billion long-term defence investment package focused on technological modernization, domestic industrial capacity, and unmanned aerial systems (UAS) [1] - The announcement marks a generational shift in federal defence procurement strategy, emphasizing drone capabilities and homeland industrial content [4][5] - Analysts expect at least 20% of the $80 billion to be allocated for next-generation battlefield technologies, with drones anticipated to receive a significant share of this investment [5] Group 2: Draganfly's Positioning and Capabilities - Draganfly Inc. is positioned to contribute to the objectives of the Our North Strong and Free (ONSAF) defence policy expansion, with its UAS platforms aligned with Department of National Defence (DND) priorities [2] - The company has successfully integrated a DND-specified radio communications system into its drone platforms, enhancing interoperability with existing military assets [2][6] - Draganfly's control over its own airframe and avionics intellectual property provides a defensible advantage in supply chain security [8] Group 3: Strategic Implications for the Industry - The focus on Canadian manufacturing aligns with the Industrial and Technological Benefits (ITB) policy, positioning domestically-integrated platforms favorably for procurement bids [8] - Draganfly's ability to support existing military architecture while rapidly adopting emerging technologies positions it as a key player in the defence modernization package [6] - Analysts anticipate that requests for information (RFIs) and requests for proposals (RFPs) for defence-grade drones will accelerate in the latter half of 2025, with potential contract awards as early as Q1 2026 [8]
Draganfly Announces Pricing of US$13.75 Million Public Offering
Globenewswire· 2025-06-11 12:30
Core Points - Draganfly Inc. announced a public offering of 5,500,000 units at a price of US$2.50 per unit, aiming for gross proceeds of approximately US$13.75 million [1][3] - Each unit consists of one common share and one warrant, with the warrants having an exercise price of CA$5.0768 (or US$3.71) and expiring five years after issuance [1] - The net proceeds from the offering will be used for general corporate purposes, including funding new product capabilities, working capital, acquisitions, and research and development [3] Offering Details - The offering is expected to close on or about June 12, 2025, subject to customary closing conditions [3][4] - Maxim Group LLC is acting as the sole placement agent for the offering [2] - The offering is made under an effective shelf registration statement and a Canadian short form base shelf prospectus [5][6] Company Background - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the industry [8] - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [8]
Executive Order “Unleashing American Drone Dominance” -– Draganfly Selected by Southern Border Cochise County Sheriff’s Department for Drone Pilot Program.
Globenewswire· 2025-06-10 11:15
Core Points - Draganfly Inc. has been selected by the Cochise County Sheriff's Department to support a new drone pilot program aimed at enhancing surveillance and operations along the southern border, aligning with President Trump's executive order on drone technology [1][4] - The Cochise County Sheriff's Department is recognized for its innovative use of technology in law enforcement, having previously implemented high-resolution camera networks and ground surveillance radar systems [2] - The new pilot program will utilize Draganfly's drones for extended border surveillance, quick-response missions, and nighttime operations, showcasing their adaptability and multi-mission capabilities [3] Company Overview - Draganfly Inc. is an award-winning industry leader in drone solutions, software, and AI systems, serving various markets including public safety, agriculture, and security for over 25 years [5] - The company aims to provide efficient solutions and first-class services to customers globally, with a focus on saving time, money, and lives [5]
Draganfly Announces Additional Exercise Of Over-Allotment Option
Globenewswire· 2025-06-06 23:15
Core Points - Draganfly Inc. has successfully closed a US$3.6 million underwritten public offering and the underwriter has exercised an over-allotment option for an additional 100,000 shares, raising an extra US$209,000 [1][2][3] Group 1: Offering Details - The offering was conducted under an effective shelf registration statement filed with the SEC and a Canadian short form base shelf prospectus [3][4] - The net proceeds from the offering will be used for general corporate purposes, including funding new product capabilities, growth initiatives, working capital, and research and development [2][3] Group 2: Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the drone technology sector [6]
Draganfly Showcases Tactical Drone Innovation at Global Defense Summit in Latvia
Globenewswire· 2025-06-05 11:15
Core Insights - Draganfly Inc. successfully participated in the Global Drone Innovation and Defense Coalition Summit, showcasing its advanced drone solutions and systems [1][4] - The summit saw the expansion of the Drone Coalition from 17 to 20 member states and highlighted a collective investment of €4 billion towards enhancing drone capabilities [2] - Draganfly was recognized as a leading provider, demonstrating its modular and interchangeable FPV platform, and multiple tactical deployment drone systems [3] Company Highlights - Draganfly showcased its interoperable family of tactical drone platforms, including The Commander 3XL, The APEX, and the modular Flex FPV [3] - The company emphasized its commitment to innovation and mission adaptability, engaging with academic and research institutions for potential collaborations in military drone advancements [4] - Draganfly's ongoing support for Ukraine and its focus on field-driven innovation were highlighted during the summit [5] Industry Context - The summit attracted over 1,500 participants from 28 countries, indicating a strong interest in drone technology within the defense sector [2] - The collective investment of €4 billion reflects the growing importance and prioritization of drone capabilities among coalition member states [2]
Draganfly Announces Delivery of Flex FPV Systems to Major U.S. Prime Defense Contractor
Globenewswire· 2025-06-03 11:15
Core Insights - Draganfly Inc. has announced the first deliveries of its Flex FPV systems to a major U.S. military contractor, marking a significant milestone for the platform [1][4] - The Flex FPV system features a modular core architecture that allows for quick adjustments in arm and propeller sizes, enhancing its versatility for various mission profiles [2] - The system can achieve speeds over 149 kilometers per hour and carry payloads up to 10 lbs, making it suitable for high-intensity environments [3] Company Overview - Draganfly Inc. is recognized as a global leader in drone technology, AI, and autonomous systems, with over 25 years of experience in providing innovative solutions across multiple sectors including public safety and defense [6] - The Flex FPV system was developed in response to frontline operations in Ukraine and has undergone extensive testing with various defense partners [4] - The company is experiencing increasing demand for its North American-developed UAS platforms as organizations adapt to modern warfare challenges [5]
Peter Lambrinakos, O.O.M., CPP, Joins Draganfly's Public Safety Advisory Board, Strengthening Canadian Leadership in Public Safety
GlobeNewswire News Room· 2025-05-14 11:15
Core Insights - Draganfly Inc. has appointed Peter Lambrinakos to its Public Safety Advisory Board, bringing over 30 years of expertise in public safety, national security, and technology deployment [1][4][5] - Lambrinakos's experience includes leadership roles in VIA Rail Canada and the Montreal Police Service, where he implemented significant public safety reforms and advanced operational excellence [2][3] - His appointment aligns with the increasing demand for secure, domestically developed drone technologies in public safety and national security sectors [5][6] Company Overview - Draganfly Inc. is a leader in drone technology, AI, and autonomous systems, focusing on innovative solutions for public safety, defense, agriculture, and industrial applications [9] - The company emphasizes the development of secure, ethical drone technologies tailored to the needs of public safety agencies and national security stakeholders [4][5] - Draganfly is recognized for its commitment to North American-made technology and has over 25 years of experience in the UAV industry [9] Strategic Positioning - The appointment of Lambrinakos is seen as a strategic move to enhance Draganfly's capabilities in deploying advanced drone technologies that support law enforcement and emergency response [6][7] - Draganfly's Public Safety Advisory Board consists of experienced leaders from various sectors, guiding the development of situational awareness platforms and AI-enhanced aerial systems [6] - The company aims to uphold Canada's legacy of innovation and operational excellence in public safety through its initiatives [7]
Draganfly Inc. (DPRO) Reports Q1 Loss, Misses Revenue Estimates
ZACKS· 2025-05-08 23:20
Draganfly Inc. (DPRO) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to loss of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this company would post a loss of $0.65 per share when it actually produced a loss of $0.79, delivering a surprise of -21.54%.Over the last four quarters, the company has surpassed ...
Draganfly Announces First Quarter Results of 2025
Globenewswire· 2025-05-08 21:11
Core Insights - Draganfly Inc. reported a 16% year-over-year increase in total revenues for Q1 2025, reaching $1,547,715 compared to $1,329,581 in Q1 2024 [5][4] - The company experienced a net loss of $3,424,825 in Q1 2025, which is a significant increase from the net loss of $1,863,808 in the same period last year [4][6] - Draganfly's gross margin decreased to 20.0% in Q1 2025 from 21.1% in Q1 2024, attributed to the sales mix of products sold [5][4] Financial Performance - Total revenues for Q1 2025 were $1,547,715, a 16% increase from $1,329,581 in Q1 2024 [5][4] - Product sales increased by 24.5% year-over-year, amounting to $1,541,811 [5] - Gross profit for Q1 2025 was $310,088, up 10.7% from $280,011 in Q1 2024 [5][4] - The comprehensive loss for the period was $3,433,712, compared to a comprehensive loss of $1,884,416 in Q1 2024 [6][8] Operational Highlights - Draganfly partnered with Volatus Aerospace to integrate advanced Bathymetric LiDAR technology with its Heavy Lift Drone for oil and gas exploration [5] - The company received a waiver from the FAA, allowing its drones to operate over people and moving vehicles, facilitating advanced UAV operations [5] - A new U.S. facility was established in Tampa, Florida, aimed at enhancing services for military and government clients [5] - Draganfly was selected by the Massachusetts Department of Transportation for a drone medical delivery demonstration [5] Management and Governance - Christopher C. Miller, former Acting U.S. Secretary of Defense, was appointed to Draganfly's Board of Directors, bringing extensive experience in defense and intelligence [5]