UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR | Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | | --- | --- | --- | | Common Stock, par value $0.001 per share | UAVS | NYSE American LLC | Securities registered pursuant to Section 12(g) of the Act: None. ☐ TRANSITION REPORT PURSUANT TO SECTION ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (620) 325-6363 Securities registered pursuant to Section 12(b) of the Act: | | | Securities registered pursuant to Section 12(g) of t ...

AgEagle Aerial Systems, Inc. (NYSE:UAVS) Q2 2023 Earnings Conference Call August 15, 2023 4:30 PM ET Company Participants Barrett Mooney - CEO Nicole Fernandez-McGovern - EVP, Operations & CFO Conference Call Participants Operator Good afternoon, everyone, and welcome to AgEagle Aerial Systems 2023 Second Quarter Results Webcast. Presenting on today's webcast are AgEagle's Chairman and CEO, Barrett Mooney; and Nicole Fernandez-McGovern, the company's Chief Financial Officer and Executive Vice President of O ...

Company Growth and Acquisitions - AgEagle achieved significant growth by acquiring three market-leading companies in 2021, enhancing its capabilities in UAS airframes, sensors, and software for commercial and government use[162] - The company has successfully integrated its acquisitions, forming a unified global entity focused on advancing autonomous flight performance[162] - AgEagle's global reseller network includes over 200 providers in 75+ countries, enhancing brand reach and revenue growth opportunities[174] Product Development and Technological Advancements - The launch of the RedEdge-P™ dual sensor in May 2023 represents a technological advancement, doubling analytical capabilities with a single camera workflow[170] - AgEagle's eBee™ VISION drones were delivered to three branches of European military forces in 2023, showcasing the company's commitment to enhancing situational awareness for critical missions[169] - AgEagle's eBee TAC UAS is positioned as a mission-critical tool for the U.S. military, expected to drive significant growth in 2023[174] - The company has achieved regulatory approvals for its drones to operate Beyond Visual Line of Sight (BVLOS) and Operations Over People (OOP) in multiple regions, including the U.S. and EU[163] - AgEagle's commitment to research and development is aimed at delivering innovative autonomous robotics systems, addressing market needs beyond current target markets[168] Financial Performance - For the three months ended June 30, 2023, revenues decreased to $3,278,212, down 38.0% from $5,287,873 in the same period of 2022, primarily due to declines in eBee drone products and SaaS subscription services[175] - For the six months ended June 30, 2023, revenues were $7,335,281, a decrease of 19.7% compared to $9,129,851 for the same period in 2022, with significant declines in eBee drone products offset by an increase in sensor sales[176] - Gross profit for the three months ended June 30, 2023, was $1,031,534, representing a gross margin of 31%, down from 48% in the same period of 2022, due to revenue declines and price reductions[177] - Operating expenses for the three months ended June 30, 2023, were $5,903,372, a decrease of 25.6% from $7,938,675 in the same period of 2022, driven by integration of business acquisitions[179] - The net loss for the three months ended June 30, 2023, was $5,290,583, a slight improvement of 5.6% compared to a net loss of $5,601,736 in the same period of 2022[190] - Cash used in operations for the six months ended June 30, 2023, was $6,783,320, a decrease of 41.3% from $11,628,089 in the same period of 2022, primarily due to lower sales and operating expenses[193] - Cash provided by financing activities for the six months ended June 30, 2023, was $6,776,473, a decrease of 53.2% compared to $14,564,841 in the same period of 2022, due to reduced sales of common stock[195] - As of June 30, 2023, the company had working capital of $7,537,254 and incurred a loss from operations of $9,032,946, a decrease of 29.8% from the previous year[196] - The company raised $6,817,400 in equity during the six months ended June 30, 2023, from the sale of Series F Preferred Stock and common stock offerings[197] Operational Challenges - The company continues to face challenges from inflation impacting supply chain and manufacturing processes, which may further disrupt operations[200]

AgEagle Aerial Systems, Inc. (NYSE:UAVS) Q1 2023 Earnings Conference Call May 16, 2023 4:30 PM ET Company Participants Barrett Mooney - Chief Executive Officer Conference Call Participants Operator Good day everyone, and thank you for logging into AgEagle's Corporate Update Webcast. Joining us from AgEagle is Chief Executive Officer and Chairman of the Board, Barrett Mooney. Before I turn it over to Barrett, I would like to remind you that during today's call, including the question-and-answer session, stat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR (Mark One) (State or other jurisdiction of incorporation or organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Form 10-Q Commission file number: 001-36492 AGEAGLE AERIAL SYSTEMS INC. (Exact name o ...

Financial Data and Key Metrics Changes - Total revenues for 2022 reached a record $19.1 million, up 96% from $9.8 million in the previous year [19] - Total sensor sales increased by 27% to $8.7 million compared to $6.8 million in the prior year [12] - Revenues from software subscriptions rose by 11% to nearly $600,000, compared to approximately $538,000 in the prior year [13] - The net loss for 2022 was $58.3 million, compared to $30.1 million for 2021, impacted by higher operating costs due to acquisitions [48] Business Line Data and Key Metrics Changes - Revenue from eBee fixed-wing drones was $9.8 million in 2022, significantly up from $2.4 million in 2021 [20] - The sensor segment was the strongest performer in 2022, with significant demand growth noted in the third and fourth quarters [30] - The company is actively expanding its government sales team to pursue military and government opportunities, particularly with the eBee VISION drone [5][6] Market Data and Key Metrics Changes - The company is focusing on the global defense markets, leveraging existing products to serve military customers [6] - There is a growing interest in the eBee VISION drone among military forces in the US and globally, indicating potential for future sales growth [28] Company Strategy and Development Direction - The company aims to unify its operations and provide a full stack solution of drones, sensors, and software, which is expected to enhance cost structure and profitability [22] - The strategy includes expanding the reseller network to increase geographical coverage and sales consistency [52] - The company is evaluating M&A opportunities to enhance its offerings while maintaining strict financial discipline [65][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving stronger financial growth in 2023, emphasizing a well-defined growth plan [51][38] - The company acknowledges macroeconomic challenges but believes that autonomous solutions will drive efficiency and reduce labor costs for organizations [37] - Management is optimistic about the potential for improved profitability and cash flow in the coming quarters [71][78] Other Important Information - The company raised $3 million through a private placement of Series F convertible preferred shares [21] - The company has successfully relocated operations to reduce costs and support profitability efforts [35] Q&A Session Summary Question: Is a reverse stock split being considered? - Management indicated that a reverse stock split is not currently being pursued, but it may be considered in the future if it aligns with strategic goals [40][69] Question: What are the intentions regarding the drone delivery market? - The company is focusing on regulatory and safety advancements to enable drone delivery but is currently seeking appropriate partners for this market [76][77] Question: What are the capital allocation priorities for 2023? - Management highlighted the focus on M&A opportunities and emphasized the importance of maintaining a disciplined approach to capital allocation [79]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-36492 AGEAGLE AERIAL SYSTEMS INC. (Exact name of registrant as specified in its charter) Nevada 88-0422242 (State o ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2022 were $5.5 million, a 172% increase from $2 million in the prior year period, primarily driven by eBee drone sales from the senseFly acquisition [5] - Loss from operations increased to $5.1 million from $3.8 million year-over-year, attributed to higher general and administrative costs and new product development expenses [6] - Net income rose to $1.7 million compared to a net loss of $3.8 million in Q3 2021, with total comprehensive net income attributable to common shareholders at $1.3 million or $0.01 per share [6] - For the first nine months of 2022, total revenues climbed to $14.6 million, up 158% from the prior year, with software subscription revenues increasing by 33% to $480,000 [7][8] Business Line Data and Key Metrics Changes - The eBee line of drones contributed $2.1 million in revenue this quarter, with strong demand following its addition to the Department of Defense's Blue UAS Cleared List [5][11] - Sensor sales increased by 71% to $3.3 million, driven by the Altum-PT and RedEdge-P sensors [5] - Software subscription sales increased by 36% to $163,000, largely due to a rise in subscriptions for Measure Ground Control [5] Market Data and Key Metrics Changes - The company reported strong demand across various industries, including construction, energy, and utilities, as evidenced by participation in trade shows [10] - The eBee drones received FAA approval for operations over people and moving vehicles, enhancing their marketability and potential use cases [12] Company Strategy and Development Direction - The company aims to capitalize on regulatory approvals to drive additional commercial orders and expand its market presence [12][13] - A focus on reducing operating costs through consolidation of US operations and a centralized location in North Carolina is planned to improve efficiency and corporate culture [15][16] - The company is committed to long-term profitability and is evaluating programs to improve operating margins [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory of the fixed wing segment and the potential of the eBee line, with ongoing R&D efforts for next-generation UAVs [10][19] - The company is closely monitoring the M&A landscape and is interested in potential partnerships to enhance value offerings [21][22] - Management emphasized the importance of collaboration in a fragmented drone industry to drive growth and expand market reach [22] Other Important Information - The company achieved a gain on extinguishment of debt of $6.5 million related to its 2021 acquisitions, contributing to the increase in net income [6] - Cash position as of September 30, 2022, was $5.3 million, down from $14.6 million at the end of 2021, while stockholders' equity increased by 15.3% to $88.3 million [8] Q&A Session Summary Question: What is the future outlook for the eBee line following recent FAA approvals? - Management sees significant growth potential in the fixed wing drone market and is working on next-generation UAVs [19] Question: Will the sales model shift to a B2B focus with direct sales? - Management values the current value-added reseller model and sees it as beneficial for customer experience, while also exploring direct sales opportunities for large enterprises [20] Question: What is the M&A strategy in the near to mid-term? - The company is currently focused on unifying past acquisitions and evaluating the market for future M&A opportunities [21] Question: Are there partnerships in the pipeline with other drone manufacturers? - Management believes partnerships are key to success and is actively reviewing potential collaborations to enhance customer experience [22] Question: Will the company move away from its agricultural roots? - While the company has expanded into other industries, it remains committed to serving the agriculture sector and providing value to its customers [23]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-36492 AGEAGLE AERIAL SYSTEMS INC. (Exact name of registrant as specified in its charter) Nevada 88-0422242 ...