Second White House engagement invitation highlights AgEagle's leadership role in shaping critical UAV policy WICHITA, Kan., June 10, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) ("Company"), a leading provider of unmanned aerial systems (UAS), sensors, and software solutions for commercial and government use, announces the Company participated in a second high-level, invitation only policy discussion with the White House, hosted by the Office of Information and Regulatory Affairs (OIRA) ...

"Delivering our eBee TAC Public Safety solutions to global customers, with Brigantes' support, is a strategically vital sale that expands AgEagle's Nordic defense market presence," said Bill Irby, CEO of AgEagle. "This drone's rapid deployment, precise mapping, and cyber-secure operations empower Sweden to counter regional threats, strengthen NATO deterrence, and enhance public safety across diverse terrains." Brigantes is a trusted regional distributor specializing in defense and security solutions and has ...

Strategic Latin American Deal Expands AgEagle's Global UAS Presence WICHITA, Kan., June 04, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, announces the sale of two eBee VISION drones to the Government of Paraguay, marking a pivotal expansion of AgEagle's presence in Latin America and reinforcing its growing role in global government UAS deployments. AgEagle Aerial CEO Bill Irby commented, "This transaction reinforces the ...

Core Insights - AgEagle Aerial Systems Inc. has formed a strategic alliance with Vyom Drones to enhance agricultural and surveying capabilities in India [1][2][3] - The partnership aims to license Vyom Drones to manufacture and sell AgEagle's eBee X drones, along with providing service and maintenance training [2][3] - India, with over 345 million acres of arable land, presents a significant opportunity for AgEagle to deploy advanced drone technology for precision agriculture [3][5] Company Overview - AgEagle Aerial Systems is a leading provider of unmanned aerial systems (UAS) and sensors, focusing on military, public safety, and commercial applications [1][6] - Founded in 2010, AgEagle specializes in professional-grade fixed-wing drones and aerial data collection solutions, serving various sectors including energy, construction, and agriculture [6] Industry Context - The Indian agriculture drone market is projected to reach USD 631 million by 2030, driven by government support and increasing demand for precision farming [5] - The collaboration between AgEagle and Vyom Drones is positioned to leverage AgEagle's UAS technology and Vyom's local manufacturing capabilities to capitalize on this market growth [5]

Core Viewpoint - AgEagle Aerial Systems, Inc. has experienced a significant decline in stock performance despite reporting improved profitability metrics for the first quarter of 2025, indicating investor caution due to concerns over revenue growth and reliance on non-operational gains [1][12]. Revenue & Earnings Performance - For Q1 2025, AgEagle reported revenues of $3.65 million, a decrease of 6.3% from $3.89 million in Q1 2024, attributed to seasonality in sensor sales and the discontinuation of SaaS operations [2] - The company achieved a net income of $7.06 million, a substantial increase of 211.8% from a net loss of $6.32 million a year ago, primarily due to a $7.78 million non-cash gain from the change in fair value of warrant liabilities [3] Other Key Business Metrics - Gross profit increased by 9.2% to $2.13 million from $1.95 million year-over-year, with gross margin improving to 58.5% from 50.2%, driven by a favorable product mix, particularly in higher-margin drone sales, which surged 98.4% to $2.23 million [4] - Operating expenses decreased by 27.9% year-over-year to $3.14 million, leading to a narrowed operating loss of 58.1% to $1 million from $2.4 million in the prior-year quarter [5] Management Commentary - CEO Bill Irby described the quarter as a "pivotal milestone," highlighting improvements in gross margin and significant reductions in operating expenses as indicators of a more focused operational strategy [6] Factors Influencing Results - The net income increase was significantly supported by the revaluation of warrant liabilities, contributing $7.78 million to the bottom line, while the exit from SaaS operations reduced revenues but also eliminated associated costs [7] Other Developments - AgEagle leveraged a funding agreement with Alpha Capital Anstalt, receiving $1.5 million in preferred equity through two tranches in February and March 2025, which resulted in $1.06 million in deemed dividends due to down-round provisions [9] - Following the quarter, AgEagle amended the Series B Warrant terms and appointed a new CFO, Alison Burgett, effective April 14, 2025 [10] - On May 5, 2025, Alpha invested an additional $0.5 million for Series F shares convertible into 602,846 shares of common stock, reinforcing AgEagle's capital base [11]

Core Insights - Ascent AeroSystems and AgEagle have signed a memorandum of understanding to integrate AgEagle's RedEdge-P multispectral camera with Ascent's Spirit UAV, enhancing agricultural UAS capabilities [1][2][3] - The collaboration aims to provide high-quality data and improve precision in the agricultural sector, showcasing the flexibility and future-proof nature of Ascent's UAV platforms [3][4] Company Overview - Ascent AeroSystems, founded in 2014, specializes in rugged, coaxial unmanned aerial vehicles for defense, public safety, and industrial markets, emphasizing portability and durability [4][5] - AgEagle, established in 2010, focuses on providing full-stack UAS, sensors, and software solutions across various sectors, including agriculture, energy, and construction [6]

Financial Results Announcement - AgEagle Aerial Systems, Inc. announced its financial results for Q1 2025 on May 16, 2025[3] - The press release detailing the financial results is included as Exhibit 99.1[3] Compliance and Regulations - The filing indicates compliance with the Securities Exchange Act of 1934[4] - The company has not elected to use the extended transition period for new financial accounting standards[2] - The company is classified as an emerging growth company under the relevant regulations[2] Executive Approval - The report was signed by CEO William Irby, indicating executive approval of the contents[9] Financial Metrics and Outlook - The report does not provide specific financial metrics or performance indicators in the available documents[4] - No specific user data or future outlook was disclosed in the provided documents[4] Product and Market Information - There are no mentions of new products, technologies, market expansion, or acquisitions in the available information[4] Company Information - The company is listed on NYSE American under the trading symbol UAVS[2]

Core Insights - AgEagle Aerial Systems Inc. reported improved financial performance for Q1 2025, marked by strong gross margin improvement and significant reduction in operating expenses [1][3] - The company achieved a net income of $7.06 million, a 211.8% increase compared to a net loss of $6.32 million in Q1 2024, primarily due to gains on warrant liabilities and cost reductions [7] - Gross margin increased to 58.5% from 50.2% in the prior year, while operating expenses decreased by 27.9% to $3.14 million [7] Financial Highlights - Gross profit for Q1 2025 was $2.13 million, up 9.2% from $1.95 million in Q1 2024 [7] - Revenue for Q1 2025 was $3.65 million, a 6% decline from $3.89 million in Q1 2024, attributed to seasonality in sensor sales and strategic reduction of SaaS operations [7] - Drone sales revenue surged to $2,233,409, reflecting a 98.4% increase from $1,146,612 in Q1 2024 [7] Strategic Focus - The CEO emphasized a focused strategy on innovation and market expansion to drive disciplined growth and long-term shareholder value [4] - The company is operating from a strengthened balance sheet and improved cash position, with cash as of March 31, 2025, at $3.78 million, a 4.7% increase over year-end 2024 [7]

Company Growth and Acquisitions - AgEagle achieved significant growth by acquiring three market-leading companies in 2021, enhancing its portfolio of UAS airframes, sensors, and software for commercial and government use[119] - The company has successfully integrated these acquisitions, resulting in a unified global company focused on advancing autonomous flight performance[119] - The company intends to accelerate growth through strategic acquisitions of technologically advanced UAS companies, enhancing its market position and revenue potential[122] Product Development and Innovation - AgEagle's eBee fixed-wing drones have completed over one million flights in the past decade, serving various industries including agriculture, military, and environmental monitoring[127] - AgEagle's new RedEdge-P dual sensor drone, released in May 2023, enhances aerial imaging capabilities and is designed for environmental monitoring and vegetation analysis[126] - The eBee X series of drones are the first to comply with Category 3 of the sUAS Over People rules published by the FAA, facilitating broader operational capabilities[128] - AgEagle's workforce is comprised of approximately 70% engineers and data scientists, providing a competitive advantage in technology development and innovation[124] Government Contracts and Approvals - In April 2023, AgEagle was awarded a five-year Multiple Award Schedule (MAS) Contract by the U.S. federal government's GSA, enhancing its penetration into the government sector[127] - The eBee TAC UAS has been approved for procurement by the Department of Defense, positioning it as a critical tool for military and government agencies[128] Financial Performance - For the three months ended March 31, 2025, revenues were $3,649,410, a decrease of $245,037 or 6.3% compared to $3,894,447 for the same period in 2024, primarily due to decreased sensor sales and SaaS revenue[134] - Cost of sales decreased by $424,433 or 21.9% to $1,515,592 for the three months ended March 31, 2025, while gross profit increased by $179,396 or 9.2% to $2,133,818, attributed to a higher mix of drone sales[135] - Operating expenses were reduced by $1,211,947 or 27.9% to $3,136,363 for the three months ended March 31, 2025, driven by staff attrition and lower consulting fees[136] - General and administrative expenses decreased by $709,847 or 26.5% to $1,972,811, mainly due to reduced compensation expenses and lower legal and accounting costs[138] - Research and development expenses fell by $393,818 or 34.8% to $736,411, primarily due to the integration of R&D teams[139] - Net income for the three months ended March 31, 2025, was $7,060,039, an increase of $13,375,626 or 211.8% compared to a net loss of $6,315,587 for the same period in 2024[142] Cash Flow and Liquidity - Cash on hand as of March 31, 2025, was $3,784,659, an increase of $170,663 or 4.7% from $3,613,996 as of December 31, 2024[143] - Cash used in operations decreased by $258,537 or 16.6% to $1,294,556 for the three months ended March 31, 2025, due to reduced operating loss[144] - The company reported a working capital of $5,383,426 as of March 31, 2025, but indicated a need for additional liquidity to meet financial obligations over the next twelve months[147][148] - The company has no off-balance sheet arrangements that could materially affect its financial condition as of March 31, 2025[149] Quality Management - The company plans to achieve ISO:9001 international certification for its Quality Management System by Q2 2025, reflecting its commitment to quality and safety standards[124]

Core Insights - AgEagle Aerial Systems Inc. has sold 20 RedEdge-P cameras to Wingtra, enhancing their partnership and capabilities in precision agriculture and geospatial applications [1][2][3] Company Overview - AgEagle Aerial Systems Inc. is a leading provider of drone and aerial imaging solutions, focusing on advanced technology for various industries including agriculture, construction, and energy [5] - The company was founded in 2010 and has developed a reputation for professional-grade fixed-wing drones and aerial data collection solutions [5] Product Details - The RedEdge-P camera is designed for professional drone operations, offering survey-grade accuracy with resolutions down to 2cm [3] - The camera utilizes advanced optics and industrial image sensors, making it suitable for applications in agriculture, environmental monitoring, and water management [2][3][4] Partnership Impact - The collaboration between AgEagle and Wingtra aims to deliver high-quality aerial mapping and surveying solutions, expanding the use of Wingtra drones across various industries [2][4] - This transaction is seen as a reinforcement of AgEagle's commitment to providing reliable imaging solutions that drive efficiency and innovation for end users [3]