Draganfly Announces Second Quarter Results of 2025 with 37% Increase in YoY Product Sales

Core Insights - Draganfly Inc. reported a revenue of $2,115,255 for Q2 2025, marking a 22.1% year-over-year increase, with product sales rising by 37.1% to $1,901,585 [2][6] - The company experienced a comprehensive loss of $4,749,634 for the period, which includes various non-cash adjustments [2][10] - Draganfly's cash balance significantly increased to $22,571,059 as of June 30, 2025, compared to $6,252,409 at the end of 2024 [2][7] Financial Performance - Gross profit for Q2 2025 was $504,592, up 9.3% from $461,673 in Q2 2024, with a gross margin of 23.9% compared to 26.6% in the previous year [2][10] - The net loss for Q2 2025 was $4,762,161, an improvement from a loss of $7,091,549 in Q2 2024 [6][10] - Total assets increased to $28,452,735 as of June 30, 2025, from $10,200,088 at the end of 2024 [7] Operational Highlights - Draganfly was named the preferred global provider of landmine mapping drones by SafeLane Global, enhancing its role in humanitarian operations [2][8] - The company established a Public Safety Advisory Board to strengthen its engagement in public safety initiatives [2][8] - Draganfly successfully closed a $3.6 million public offering to support operational expansion and product development [2][8] Strategic Developments - The Commander 3XL UAV was selected by a major branch of the U.S. Department of Defense for advanced operational initiatives [8] - Draganfly secured a significant military order for its Commander 3XL UAVs, marking a key milestone in its defense vertical growth [8] - The company was invited to present its tactical drone innovations at the Global Defense Summit in Latvia, highlighting its strategic importance in defense [2][8]