Draganfly (DPRO)
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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]
Draganfly to Host Shareholder Update Call on May 8, 2025
Globenewswire· 2025-05-06 19:14
Core Viewpoint - Draganfly Inc. will host a shareholder update call on May 8, 2025, to discuss Q1 2025 milestones and financial results [1][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 [3] - The company provides solutions for various sectors including public safety, agriculture, industrial inspections, security, mapping, and surveying [3] - Draganfly is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives [3]
Draganfly Announces Pricing of US$3.6 Million Underwritten Public Offering
Globenewswire· 2025-05-02 12:30
Core Points - Draganfly Inc. announced a public offering of 1,715,000 units at a price of US$2.10 per unit, aiming for gross proceeds of approximately US$3.6 million [1][3] - Each unit consists of one common share and one warrant, with the warrants having an exercise price of CA$3.9779 (or US$2.875) and expiring five years after issuance [1] - The company plans to use the net proceeds for general corporate purposes, including product development, marketing, potential acquisitions, and research and development [3] Offering Details - The offering is managed by Maxim Group LLC as the sole book-running manager [2] - The offering is subject to customary closing conditions, including regulatory approvals from the Canadian Securities Exchange and Nasdaq [4] - The offering is made under an effective shelf registration statement and will only be offered in the United States, with no sales to Canadian purchasers [5] Company Background - Draganfly 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]
Draganfly Announces Proposed Public Offering of Common Shares & Warrants
Globenewswire· 2025-05-01 20:05
Core Viewpoint - Draganfly Inc. has initiated an underwritten public offering in the United States, which includes units of common shares and warrants to purchase common shares, subject to market conditions [1][3]. Group 1: Offering Details - The offering is managed by Maxim Group LLC as the sole book-running manager [2]. - The net proceeds from the offering will be used for general corporate purposes, including funding new product capabilities, growth initiatives, working capital, and ongoing development and marketing of core products [2]. - The offering is contingent upon customary closing conditions, including necessary regulatory approvals from the Canadian Securities Exchange and The Nasdaq Stock Market [3]. Group 2: Regulatory and Legal Framework - The offering is made under an effective shelf registration statement on Form F-10, previously filed with the U.S. Securities and Exchange Commission (SEC) [4]. - A preliminary prospectus supplement will be filed with applicable securities commissions in Canada and the SEC, detailing the terms of the offering [5]. Group 3: Company Background - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the drone technology sector [7]. - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [7].