Core Insights - Aeronáutica Civil de Colombia (CAA) has certified eCompass S.A. as the first company to provide advanced training for the eBee VISION drone, enhancing its operational capabilities in Colombia [1][2][3] Group 1: Certification and Training - The certification allows eBee VISION operators to receive advanced training in high-level operations, including Beyond Visual Line of Sight (BVLOS) and night flights, which are essential for Intelligence, Surveillance, and Reconnaissance (ISR) missions [2][4] - eCompass S.A. has been AgEagle's exclusive distributor in Colombia since 2020, supplying various drone models to meet the demand for unmanned aerial systems (UAS) [3] Group 2: Drone Capabilities - The eBee VISION drone is recognized for its unmatched ISR capabilities, enabling long-range BVLOS missions and high-precision data collection, which enhances safety and efficiency across diverse applications [4] - The drone has been listed as Blue UAS Cleared, indicating it has been vetted and approved by the U.S. Department of Defense for secure use in sensitive operations [4] Group 3: Company Vision and Impact - AgEagle Aerial Systems Inc. aims to transform industries through advanced UAS technology, with a focus on innovation, security, and efficiency across various sectors in Colombia [3][6]

Core Viewpoint - AgEagle Aerial Systems, Inc. has shown significant operational progress with revenue growth and improved profitability, yet its stock has underperformed compared to the broader market, reflecting investor skepticism about the sustainability of these results [1][13]. Financial Performance - Revenues for the second quarter of 2025 reached $4.2 million, a 23.7% increase from $3.39 million in the same period last year, primarily driven by a 92% increase in drone sales to $2.9 million [2]. - The company reported a net income of $5.78 million, a 162.5% improvement from a net loss of $9.24 million in the second quarter of 2024, attributed to favorable warrant liability revaluation and expense reductions [2]. - Gross profit increased by 50.5% year over year to $2.34 million, with gross margin expanding to 55.7% from 45.8% [3]. - Operating expenses rose by 3.5% to $4.41 million, influenced by increased sales and marketing investments, while the operating loss narrowed significantly to $1.28 million from $2.93 million a year ago [3]. Business Metrics - Drone sales were the primary growth driver, nearly doubling from the previous year, although sensor sales faced seasonal weakness and the discontinuation of software-as-a-service operations impacted overall revenue [4]. - Cash reserves increased by 52.3% to $5.5 million at the end of June from $3.6 million at the end of 2024, indicating improved liquidity [4]. Management Insights - CEO Bill Irby highlighted strong top-line growth, expanded gross margins, and improved profitability, emphasizing global demand for AgEagle's drone products [6]. - Management reiterated a focus on higher-margin opportunities and innovation, with international expansion and public-sector adoption identified as key growth areas [6]. Customer Base and Industry Trends - The company serves a diverse customer base, including defense, agriculture, and environmental sectors, with notable clients such as the U.S. Air Force and U.S. Border Patrol [7]. - Key industry trends include expanding government contracts, regulatory support for beyond-visual-line-of-sight drone operations, and rising demand from agriculture and sustainability sectors, which may support continued revenue growth [9]. Future Outlook - Management expressed confidence in sustaining growth, citing a "strong pipeline" of opportunities and over 50 active high-probability prospects, along with six pending large eBee orders as potential near-term catalysts [11]. - Ongoing restructuring efforts, particularly the discontinuation of SaaS operations, aim to streamline focus on hardware and sensor offerings, aligning with the strategy to concentrate on higher-margin core drone technologies [12].

Core Insights - AgEagle Aerial Systems Inc. has been awarded "AgTech Innovation of the Year" at the Sixth Annual AgTech Breakthrough Awards, highlighting its leadership in advanced drone and aerial imaging solutions [1][2] Company Overview - AgEagle specializes in agricultural sensors, including RedEdge-P, Altum-PT, and the newly released RedEdge-P Green, which enhance precision agriculture through high-resolution multispectral imaging [2] - The company was founded in 2010 and has evolved to provide full stack UAS, sensors, and software solutions across various sectors, including agriculture, energy, construction, and government [5] Industry Recognition - The AgTech Breakthrough Awards program evaluates and honors excellence in agricultural and food technologies, including IoT and AI-based solutions, farm management, and data analytics [3][4] - AgEagle's recognition underscores its role in shaping the future of agtech and supporting sustainable crop management practices [2][3]

Core Insights - AgEagle Aerial Systems Inc. announced that its partner Drummond Ltd. received multiple certifications for advanced drone operations in Colombia, including BVLOS, night flights, and multi-drone operations [1][2] - These certifications enhance operational capabilities, safety, and efficiency in Drummond's mining operations, allowing for remote inspections and simultaneous monitoring of multiple sites [2][3] - The eBee X drone can significantly reduce site survey times from weeks to days, improving logistics and planning in mining activities [2] Company Overview - AgEagle Aerial Systems Inc. is a leading provider of drone and aerial imaging solutions, originally focused on the agriculture industry but now serving various sectors including energy, construction, and government [4] - The company has established three Centers of Excellence to design and deliver advanced flight hardware, sensors, and software solutions [4]

[Form 8-K Current Report](index=1&type=section&id=Form%208-K%20Current%20Report) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) AgEagle Aerial Systems, Inc. announced its Q2 2025 financial results via a press release, furnished under SEC regulations - The company announced its financial results for the second quarter ended June 30, 2025, via a press release issued on August 15, 2025[3](index=3&type=chunk) - The information in this report, including the press release, is furnished and not considered "filed" under Section 18 of the Securities Exchange Act of 1934, limiting legal liabilities[4](index=4&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section details the exhibits furnished with the report, primarily the August 15, 2025 press release containing financial results Furnished Exhibits | Exhibit Number | Description | | :--- | :--- | | 10.1 | Press Release, dated August 15, 2025 (furnished herewith) | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Signatures](index=3&type=section&id=Signatures) The report was officially signed and authorized on August 15, 2025, by Chief Financial Officer Alison Burgett - The Form 8-K was signed on behalf of AgEagle Aerial Systems Inc. by Alison Burgett, Chief Financial Officer, on August 15, 2025[9](index=9&type=chunk)

Core Insights - AgEagle Aerial Systems Inc. reported a strong financial performance for Q2 2025, marked by a 92% increase in drone sales, improved gross margins, and a significant reduction in net loss [1][3][6] Financial Performance - Net income reached $5.78 million, a 162.5% increase compared to a net loss of $9.24 million in Q2 2024, primarily due to gains on warrant liabilities and reduced operational costs [6] - Gross profit was $2.34 million, reflecting a 50.5% increase from $1.55 million in Q2 2024, with a gross margin of 55.7%, up from 45.8% in the same period last year [6] - Total revenue for Q2 2025 was $4.2 million, a 23.7% increase from $3.39 million in Q2 2024, driven by a $1.4 million increase in drone sales [6] Operational Highlights - The company experienced a loss from operations of $1.28 million, a decrease of 56.3% from $2.93 million in Q2 2024, indicating improved operational efficiency [6] - Operating expenses were $4.41 million, up 3.5% year-over-year, attributed to increased sales and marketing investments, partially offset by reduced R&D and disciplined G&A costs [6] Market Position and Strategy - The CEO emphasized the accelerating global demand for drone products and the scalability of the business model, focusing on disciplined execution and higher-margin opportunities [3] - AgEagle aims to expand the adoption of its drone solutions in both domestic and international markets while prioritizing product innovation [3] Cash Position - As of June 30, 2025, cash reserves were $5.5 million, a 52.3% increase from $3.6 million at the end of 2024, indicating a strengthened balance sheet [6]

PART I FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The financial statements for June 30, 2025, reflect improved financial position, net income, and revenue growth, alongside increased cash used in operations and going concern doubts [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet as of June 30, 2025, shows significant improvement, with increased assets, reduced liabilities, and a shift from stockholders' deficit to equity Condensed Consolidated Balance Sheet Highlights (in $) | Metric | June 30, 2025 (unaudited) | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | 14,096,172 | 10,947,505 | | **Total Assets** | 23,182,410 | 20,581,554 | | **Total Current Liabilities** | 4,990,894 | 7,886,891 | | **Total Liabilities** | 6,901,753 | 26,323,513 | | **Warrant Liabilities** | 128,000 | 16,400,000 | | **Total Stockholders' Equity (Deficit)** | 16,280,657 | (5,741,959) | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the six months ended June 30, 2025, the company achieved net income of **$5.8 million**, driven by a non-cash gain on warrant liabilities, alongside revenue and gross profit growth Statement of Operations Summary (Six Months Ended June 30) | Metric | 2025 (unaudited) | 2024 (unaudited) | | :--- | :--- | :--- | | **Revenues** | $7,846,970 | $7,286,985 | | **Gross Profit** | $4,473,695 | $3,508,997 | | **Loss from Operations** | ($3,070,172) | ($4,934,356) | | **Gain on change in fair value of warrant liabilities** | $8,506,000 | $0 | | **Net Income (Loss)** | $5,779,663 | ($9,245,295) | | **Net Income (Loss) Attributable to Common Stockholders** | $925,832 | ($14,613,733) | | **Net Income (Loss) per Share - Basic** | $0.07 | ($71.01) | [Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders'%20Equity%20(Deficit)) Stockholders' equity shifted from a deficit to a surplus of **$16.3 million** by June 30, 2025, driven by net income, preferred stock issuance, and warrant reclassification - The company transitioned from a stockholders' deficit of **$(5,741,959)** at the end of 2024 to a positive stockholders' equity of **$16,280,657** as of June 30, 2025[12](index=12&type=chunk) - Key financing activities in the first six months of 2025 included issuing **$4.5 million** in Series F Preferred Stock, receiving **$2.1 million** from the exercise of Series B Warrants, and converting **$1.4 million** of a convertible note into common stock[12](index=12&type=chunk) - A significant non-cash event was the reclassification of amended Series B warrants from liability to stockholders' equity, adding **$7.77 million** to additional paid-in capital[12](index=12&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash flows for the six months ended June 30, 2025, show increased cash used in operations, offset by significant cash provided by financing activities, leading to a net cash increase Cash Flow Summary (Six Months Ended June 30) | Metric | 2025 (unaudited) | 2024 (unaudited) | | :--- | :--- | :--- | | **Net Cash Used in Operating Activities** | ($4,039,685) | ($2,983,430) | | **Net Cash Used in Investing Activities** | ($23,882) | ($92,995) | | **Net Cash Provided by Financing Activities** | $5,945,746 | $3,289,258 | | **Net Change in Cash** | $1,888,588 | $158,184 | | **Cash at End of Period** | $5,502,584 | $977,208 | [Notes to Condensed Consolidated Financial Statements](index=14&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail business operations, accounting policies, and significant financing events, including a going concern warning and segment reporting for Drones and Sensors - The company designs and delivers drones and sensors for various industries including energy, infrastructure, agriculture, and government[19](index=19&type=chunk) - Management has expressed substantial doubt about the Company's ability to continue as a going concern, as it will require additional liquidity to meet its financial obligations for the next 12 months[28](index=28&type=chunk) - The company operates in two primary segments: Drones and Sensors; the SaaS segment ceased operations in 2024[126](index=126&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses business, growth strategies, and financial results, noting revenue growth, a shift to net income, but also a working capital deficit and going concern doubts - The company's growth strategy focuses on leveraging its proprietary drone solutions, delivering new innovations, fostering an entrepreneurial culture, and pursuing strategic acquisitions[151](index=151&type=chunk)[153](index=153&type=chunk) - Competitive strengths include proprietary technologies, in-house manufacturing, a global reseller network, and numerous regulatory approvals and certifications, such as the GSA MAS Contract and EASA design verifications[152](index=152&type=chunk)[154](index=154&type=chunk)[155](index=155&type=chunk) - As of June 30, 2025, the company does not have sufficient cash to meet its financial obligations for the next twelve months, leading to substantial doubt about its ability to continue as a going concern[179](index=179&type=chunk)[180](index=180&type=chunk) [Results of Operations](index=42&type=section&id=Results%20of%20Operations) For the first six months of 2025, revenues increased by **7.7%**, gross profit by **27.5%**, and the company achieved a net income of **$5.8 million**, largely due to a non-cash gain Revenue Comparison (Six Months Ended June 30) | Period | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | **Revenue** | $7,846,970 | $7,286,985 | +7.7% | Gross Profit Comparison (Six Months Ended June 30) | Period | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | **Gross Profit** | $4,473,695 | $3,508,997 | +27.5% | Operating Expense Comparison (Six Months Ended June 30) | Expense Category | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | **General & Administrative** | $4,506,980 | $5,041,763 | -10.6% | | **Research & Development** | $1,547,401 | $2,212,236 | -30.1% | | **Sales & Marketing** | $1,489,486 | $1,189,354 | +25.2% | [Cash Flows](index=43&type=section&id=Cash%20Flows) Cash flows for the six months ended June 30, 2025, show increased cash used in operations, offset by a significant rise in cash provided by financing activities - Cash used in operations increased by **35.4%** YoY for the six months ended June 30, 2025, primarily due to a reduction in outstanding accounts payable[175](index=175&type=chunk) - Cash provided by financing activities increased by **80.8%** YoY, mainly due to higher net proceeds from the exercise of Series B warrants and the issuance of Series F preferred stock[177](index=177&type=chunk)[178](index=178&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=45&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, AgEagle is exempt from providing quantitative and qualitative disclosures about market risk - The company is exempt from providing quantitative and qualitative disclosures about market risk because it qualifies as a smaller reporting company[182](index=182&type=chunk) [Item 4. Controls and Procedures](index=45&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting - Management concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[183](index=183&type=chunk) - No material changes were made to the company's internal control over financial reporting during the six months ended June 30, 2025[184](index=184&type=chunk) PART II OTHER INFORMATION [Item 1. Legal Proceedings](index=46&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no legal proceedings during the period - There are no legal proceedings to report[186](index=186&type=chunk) [Item 1A. Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) As a smaller reporting company, AgEagle is exempt from providing risk factor disclosures in this report - The company is exempt from providing risk factor disclosures in this report as it is a smaller reporting company[187](index=187&type=chunk) [Item 2. Recent Sales of Unregistered Equity Securities and Use of Proceeds](index=46&type=section&id=Item%202.%20Recent%20Sales%20of%20Unregistered%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports no recent sales of unregistered equity securities - There were no recent sales of unregistered equity securities to report[188](index=188&type=chunk) [Item 6. Exhibits](index=47&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents, certifications, and XBRL data - The report includes a list of exhibits, such as corporate governance documents, certifications by the CEO and CFO, and interactive data files (XBRL)[192](index=192&type=chunk) Signatures [Signatures of Officers](index=48&type=section&id=Signatures%20of%20Officers) The report is signed and authorized by the Chief Executive Officer and Chief Financial Officer on August 14, 2025 - The Form 10-Q was signed on August 14, 2025, by William Irby (Chief Executive Officer) and Alison Burgett (Chief Financial Officer)[195](index=195&type=chunk)[196](index=196&type=chunk)

Core Insights - AgEagle Aerial Systems Inc. has launched the RedEdge-P Green camera, which aims to transform precision agriculture by providing high-resolution multispectral imaging from planting to harvest [1][3]. Product Features - The RedEdge-P Green camera offers high-quality data and modularity, enabling advanced deep learning capabilities for cost-effective imaging [2]. - It features unique spectral bands that provide insights into chlorophyll, carotenoids, and flavonoid content, enhancing tracking capabilities during critical harvest periods [4]. - The camera is available as a standalone unit or in paired configurations with the original RedEdge-P and RedEdge-P Blue, allowing users to leverage up to 15 noise-resistant spectral bands [5]. - It is NDAA-compliant and integrates seamlessly with various drone platforms, including a Calibrated Reflectance Panel and Downwelling Light Sensor for reliable data under varying light conditions [6]. Market Impact - The RedEdge-P Green camera is expected to empower agronomists and researchers to make data-driven decisions that enhance yields, reduce costs, and conserve natural resources [3]. - It provides a robust toolset for researchers, facilitating advanced studies and machine learning applications in crop health and environmental monitoring [10]. Production and Availability - Initial production of the RedEdge-P Green camera has commenced, with the first units expected to ship shortly [7].

Achievement demonstrates manufacturer's successful drive for excellence in drone production Wichita, Kan., Aug. 06, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE:UAVS), a leading provider of advanced drone and aerial imaging solutions, announces that its Switzerland facility has officially received ISO 9001 certification from third-party auditors following an intensive review of its Quality Management System in June. This prestigious recognition highlights AgEagle's unwavering dedication to qua ...

Core Insights - AgEagle Aerial Systems Inc. has made its first sale of the eBee VISION fixed-wing drone in Thailand, marking a significant expansion into Southeast Asia [1][4] - The eBee VISION drone offers advanced capabilities for real-time airborne surveillance, catering to emergency and security services [2] - The unmanned aerial system (UAS) market in Southeast Asia is projected to grow at a 14% compound annual growth rate (CAGR) over the next five years, driven by supportive government policies and decreasing ownership costs [3] Company Overview - AgEagle Aerial Systems Inc. is a global leader in drone technology, providing comprehensive solutions including drones, sensors, and software for various industries such as agriculture and public safety [5] - The company is headquartered in Wichita, Kansas, and is committed to delivering innovative unmanned aerial systems worldwide [5] Partner Insights - Sky Visual Imaging Venture (SkyVIV) is a key partner for AgEagle in Thailand, specializing in drone technology for agriculture, civil engineering, and security [6] - SkyVIV has been a trusted partner since 2012 and plays a significant role in promoting AgEagle's drones in the Thai market, particularly in the sugar industry [3][6]