Core Insights - AgEagle Aerial Systems Inc. has sold two additional eBee VISION drones to the British Antarctic Survey (BAS) to enhance their Antarctic conservation and research efforts [1][2] - The eBee VISION drones are designed to operate effectively in extreme polar conditions, with capabilities such as a flight duration of 90 minutes and a range of 12 miles (20 km) [3] Company Overview - AgEagle Aerial Systems Inc. specializes in unmanned aerial systems (UAS) and sensors for various sectors including military, public safety, and commercial use [1][5] - Founded in 2010, AgEagle has evolved from focusing on agriculture to providing full-stack UAS, sensors, and software solutions across multiple industries including energy, construction, and government [5] Product Features - The eBee VISION drones are utilized by BAS for wildlife tracking, monitoring population numbers, and conducting repeat flights over glaciers to observe changes over time [3] - The drones are also capable of supporting transportation needs in challenging weather and ice conditions [3] Distribution Partnership - The drones supplied to BAS are distributed by KOREC Group, which is recognized as a trusted provider of mapping, surveying, and drone solutions in the UK and Ireland [4]

Core Insights - AgEagle Aerial Systems Inc. partnered with F9 Distribution Baltic to host Drone Days, showcasing the capabilities of eBee VISION and eBee TAC drones to decision makers in the Baltic states [1][2] - The event attracted over 150 key decision makers from defense, military, and public safety sectors, featuring live flight demonstrations that highlighted the drones' surveillance and mapping capabilities [2] Company Overview - AgEagle Aerial Systems Inc. is a leading provider of unmanned aerial systems (UAS) and sensors for military, public safety, and commercial use, originally founded to serve the agriculture industry [5] - The company has evolved to provide full stack UAS, sensors, and software solutions across various sectors including energy, construction, agriculture, and government [5] Product Performance - The eBee VISION and eBee TAC drones demonstrated exceptional reliability and adaptability during flight demonstrations, even in strong wind conditions reaching 43 km/h (26.7 mph) [3][6] - The eBee VISION showcased advanced capabilities such as rapid ascent and descent, operating at altitudes of 450 meters and Beyond Visual Line of Sight (BVLOS) up to 2.4 km [6]

Core Viewpoint - AgEagle Aerial Systems Inc. is facing non-compliance with NYSE American's minimum stockholders' equity requirements, with a stockholders' deficit of $5.7 million as of December 31, 2024, and losses reported in the last five fiscal years [1][4]. Group 1: Compliance and Listing Status - The company received a notice from NYSE American regarding non-compliance with stockholders' equity requirements, which necessitates a minimum of $2.0 million to $6.0 million depending on the loss history [1][2]. - AgEagle has until May 23, 2025, to submit a plan to regain compliance, with a cure period extending to October 23, 2026 [2]. - The company's shares will continue to be listed on NYSE American under the symbol "UAVS," but will carry a designation of ".BC" indicating "below compliance" status [3]. Group 2: Financial Health and Audit Opinion - The company's audited financial statements for the year ended December 31, 2024, included a substantial doubt regarding going concern, as disclosed in its Annual Report [4]. - The ongoing business operations and reporting requirements with the Securities and Exchange Commission remain unaffected by the notice [3]. Group 3: Company Overview - AgEagle Aerial Systems Inc. specializes in unmanned aerial systems, sensors, and software solutions, serving various sectors including energy, construction, agriculture, and government [5]. - Founded in 2010, the company initially focused on professional-grade fixed-wing drones for the agriculture industry and has since expanded its offerings [5].

Core Insights - AgEagle Aerial Systems Inc. has launched its eBee VISION next generation application software, enhancing drone operations in GNSS-denied environments [1][2] - The software update includes autonomous position updates with map referencing, allowing precise navigation without reliance on satellite signals [1][2] Key Features of the Software Update - **Autonomous Position Control**: Enables drones to maintain navigational command using only camera and map-based interface in GNSS-denied areas [2][9] - **Optical Flow Stabilization**: Keeps the target centered during zoom-ins or drone movements [3] - **Adaptive Behavior**: Allows seamless transitions after GNSS recovery or visual repositioning [4] - **Improved Ground Detection**: Reduces false "on-ground" detections during flight, enhancing performance in challenging conditions [5] - **Enhanced Pitot Tube Handling**: Minimizes false sensor errors during take-off under difficult conditions [6] - **Real-Time Flight Estimates**: Provides live estimates of mission duration and return-to-home time, adjusting based on wind and power consumption [7] - **Optimized Cruise Speed**: Adapts speed based on wind intensity, improving mission endurance [10] - **High-Precision Landings**: Utilizes LIDAR for accurate altitude calibration during landings [11] - **Gimbal Auto-Recovery**: Features a self-clearing mechanism for the gimbal to recover from obstructions [12] - **Smart Motor Speed Reduction**: Prevents overheating by reducing motor speed in extreme conditions [13] Strategic Importance - The software update addresses critical challenges faced by tactical and industrial drone operators in complex mission environments, enhancing operational continuity and mission flexibility [2][9] - AgEagle aims to remain at the forefront of UAV innovation through ongoing advancements and refinements in its technology [2][14]

Core Viewpoint - AgEagle Aerial Systems Inc. has launched its next-generation eBee VISION application software, which enhances drone operations in environments where GNSS/GPS signals are compromised or unavailable, providing operators with improved control and reliability [1][2]. Key Features of the Software Update - The software update includes manual position updates with map referencing, allowing precise navigation in GNSS-denied areas [1][2]. - Optical Flow Stabilization feature enables the camera to maintain focus on a target even during drone movements [3]. - Adaptive behavior after GNSS recovery allows seamless transitions when the drone's position updates, ensuring continuity in tasks [4]. - Improved ground detection algorithms reduce false landings during flight, enhancing performance in challenging conditions [5]. - Enhanced handling of the Pitot tube at take-off minimizes false sensor errors, improving reliability under difficult launch conditions [6]. - Real-time estimates of remaining flight time and return-to-home (RTH) enhance mission planning by adjusting based on wind and power consumption [7]. - The drone optimizes cruise speed based on wind intensity, improving endurance without sacrificing stability [10]. - High-precision landings are achieved through LIDAR calibration of landing zone altitude, ensuring accurate touchdown [11]. - A new gimbal auto-recovery mechanism protects against obstructions like sand and debris during flight [12]. - Smart motor speed reduction prevents overheating, allowing safe climbs in extreme heat [13]. Operational Advantages - The software enables uninterrupted drone navigation in denied or degraded environments, addressing common challenges in tactical defense and critical infrastructure inspections [9]. - Enhanced mission flexibility allows real-time adjustments to the drone's perceived position using visual confirmation and mapping [9]. - The overall reliability of drone-based intelligence, surveillance, and reconnaissance (ISR) operations is increased in hostile or unpredictable conditions [9]. Company Background - AgEagle Aerial Systems Inc. specializes in designing and delivering advanced flight hardware, sensors, and software solutions for various industries, including energy, construction, agriculture, and government [14].

Proven financial leader brings over 20 years of senior management experience navigating a multitude of public companies to fiscal responsibility and shareholder value creation including risks related to the timing and fulfilment of current and future purchase orders relating to AgEagle's products, the success of new programs, the ability to implement a new strategic plan and the success of a new strategic plan. Further, certain forward-looking statements are based on assumptions as to future events that may ...

WICHITA, Kan., April 15, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) ("AgEagle" or the "Company"), a leading provider of best-in-class unmanned aerial systems (UAS) and sensors for military, public safety, and commercial use, participated in the 173rd Airborne Brigade's 1st annual Innovation Symposium. During the event, the Company demonstrated its eBee VISION drone and contributed to roundtable discussions on the future of unmanned aerial systems (UAS) in military operations. "We demo ...

Core Viewpoint - AgEagle Aerial Systems Inc. (UAVS) has experienced a decline in share price despite reporting notable developments in its 2024 results, indicating investor caution [1] Revenue & Earnings Performance - For 2024, AgEagle reported total revenues of $13.4 million, a slight decline of 2.2% from $13.7 million in 2023 [2] - Gross profit improved 14.5% year over year to $6.3 million from $5.5 million [2] - Total operating expenses decreased by 57.6% year-over-year to $18.9 million from $44.6 million, primarily due to lower operating expenses and the absence of prior-year impairment charges [2] Loss from Operations - Loss from operations narrowed to $12.6 million in 2024 from $39.2 million in 2023, indicating progress in cost containment and operational efficiency [3] Key Business Metrics - AgEagle ended 2024 with $3.6 million in cash, a 350% increase from $0.8 million in the prior year, supported by a capital raise of $15.3 million [4] - The capital raised improved liquidity and facilitated a reduction in outstanding debt [4] Product Orders - The company secured significant product orders, including a 49-unit eBee drone order from the French military, a 20-drone order from UAE security forces, and an order for 60 RedEdge-P multispectral sensors for East Asia, reflecting growing demand in defense and international markets [5] Management Commentary - CEO Bill Irby described 2024 as a "defining year," highlighting record product orders and cost reductions, and emphasized the company's position for long-term growth [6] - The management expressed confidence in continued growth through deeper market penetration, particularly in commercial and defense sectors [7] Factors Influencing Results - The modest annual revenue decline was offset by an increase in gross profit, suggesting improved product margins or a favorable product mix [8] - The significant reduction in operating expenses, particularly the elimination of prior-year impairment charges, contributed to the improved operating loss figure [8] Outlook - Management's outlook remains optimistic, expecting continued expansion across core markets driven by greater adoption of drone technologies [11] - The company aims to build on its 2024 momentum by focusing on operational efficiency, innovation, and partnership growth [11] Strategic Developments - AgEagle appointed Grant Begley as chairman of the board, along with three additional board members with relevant expertise, enhancing its leadership team [12] - The company received the Green UAS Certification, affirming its compliance with cybersecurity and supply-chain standards [13] - Participation in international exhibitions and discussions with government councils highlights AgEagle's elevated profile in the industry [13] Summary - AgEagle's 2024 results indicate significant progress in financial foundation and global reach, although the path to profitability remains ongoing [14]

Financial Results Announcement - AgEagle Aerial Systems, Inc. announced its financial results for the year ended December 31, 2024, on March 31, 2025[3]. - Specific financial metrics and performance data were included in the press release, which is referenced as Exhibit 99.1[3]. - The report is filed under the Securities Exchange Act of 1934, ensuring compliance with regulatory requirements[4]. - The press release and financial results are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act[4]. - The report was signed by CEO William Irby, indicating executive endorsement of the financial disclosures[9]. - The company has not indicated any use of the extended transition period for new financial accounting standards[2]. Corporate Update and Strategy - The company provided a corporate update alongside the financial results, indicating ongoing strategic initiatives[3]. - The report is part of the company's ongoing communication strategy to keep stakeholders informed about its financial condition and operational updates[3]. Listing and Compliance - The company is listed on the NYSE American under the trading symbol UAVS[2]. - The filing includes an Interactive Data File embedded within the Inline XBRL document[6].

WICHITA, Kan., March 31, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) ("AgEagle" or the "Company"), a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, provides a corporate update and announces its financial results for the year ended December 31, 2024. Corporate Highlights FY2024 to Date Financial Highlights FY 2024 AgEagle CEO Bill Irby commented, "2024 was a defining year ...