Draganfly (US:DPRO)2026-03-24 21:30Financial Performance - Total revenue for the year ended December 31, 2025, was $7,731,163, an increase of 17.8% from the prior year[5] - Product sales increased by $1,501,339, from $5,368,476 in 2024 to $6,869,815 in 2025, representing a 28.0% year-over-year increase[5] - Services revenue decreased by $331,231 or 27.7%, from $1,192,579 in 2024 to $861,348 in 2025[5] - Gross profit was $1,321,336, a decrease of 5.5% from the prior year, with gross margin decreasing from 21.3% in 2024 to 17.1% in 2025[5] - The comprehensive loss for the year was $22,979,770, compared to a comprehensive loss of $14,062,534 in 2024[5] - Fourth quarter revenue was $1,912,199, an increase of 18.5% year-over-year, primarily due to increased product sales[6] - The comprehensive loss for Q4 2025 was $9,371,420, compared to a comprehensive loss of $4,715,931 for the same period in 2024[6] Strategic Partnerships and Collaborations - The company announced a strategic defense partnership with Global Ordnance to support advanced UAV systems deployment[6] - Draganfly secured a second major order from a Fortune 50 telecommunications company to expand its NDAA-compliant heavy-lift drone fleet[6] - The company is exploring a strategic defense and security collaboration with Babcock to expand into the Asia-Pacific region[6] Forward-Looking Statements and Risks - The company acknowledges the presence of forward-looking statements that are subject to significant business, economic, and competitive uncertainties[17] - Forward-looking statements include expectations regarding the shareholder update call and its timing[17] - Risks affecting forward-looking statements include potential impacts from epidemics or public health crises on business operations and financial condition[17] - The company faces uncertainties related to the integration of technology and the general securities markets[17] - Future financing availability and costs are uncertain, which may affect the company's financial strategies[17] - There are inherent uncertainties in cost estimates, with potential for unexpected costs and expenses[17] - Currency fluctuations pose additional risks to the company's financial performance[17] - The company is subject to regulatory restrictions and competition that may impact its operations[17] - The loss of key employees is identified as a risk factor that could affect the company's performance[17] - The company does not undertake any obligation to update forward-looking information except as required by law[17]