Draganfly (NASDAQ:DPRO) Issues Earnings Results

Draganfly (NASDAQ:DPRO) posted its quarterly earnings data on Monday, August 10th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.13), Zacks reports. The company had revenue of $1.93 million for the quarter, compared to analyst estimates of $2.56 million. Draganfly had a negative return on equity of 26.61% and a negative net margin of 355.34%.The business’s revenue was up 26.0% compared to the same quarter last year.

Here are the key takeaways from Draganfly’s conference call:

• Record Q2 revenue reached CAD 2.664 million, up 26% year over year, with product sales exceeding CAD 2.5 million and gross profit of approximately CAD 533,000.
• The company’s comprehensive loss widened to CAD 11.8 million from CAD 4.7 million a year earlier, while adjusted gross margin declined to 21.7% from 24.3% amid higher operating, R&D, personnel, and professional costs.
• Draganfly highlighted a pipeline of more than 50 campuses following its exclusive IACLEA agreement and said its Small and Rural Association partnership could address roughly 80% of U.S. police forces, although the rollout will be phased through pilot programs.
• The DEVCOM counter-drone contract, new Special Forces selections for the Flex FPV, and the Skip Dynamix acquisition strengthen the company’s defense portfolio; management estimates the counter-UAS opportunity could represent hundreds of millions of Canadian dollars over several years.
• Draganfly ended the quarter with CAD 131.9 million in cash and minimal debt, while management expects significant Canadian defense procurement and additional U.S. manufacturing capacity to support a future revenue ramp, though it acknowledged the company is several quarters behind some industry peers.

Draganfly Stock Performance

NASDAQ DPRO opened at $5.61 on Monday. The business’s 50 day moving average is $4.73 and its two-hundred day moving average is $5.51. The stock has a market capitalization of $192.85 million, a price-to-earnings ratio of -7.19 and a beta of 2.80. Draganfly has a 12-month low of $3.78 and a 12-month high of $14.40.

Institutional Investors Weigh In On Draganfly

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vident Advisory LLC purchased a new stake in Draganfly in the 4th quarter valued at approximately $813,000. XTX Topco Ltd purchased a new position in Draganfly in the 4th quarter valued at about $108,000. Millennium Management LLC acquired a new stake in shares of Draganfly during the 4th quarter worth about $249,000. Engineers Gate Manager LP purchased a new stake in shares of Draganfly during the fourth quarter worth about $130,000. Finally, Concentric Capital Strategies LP purchased a new stake in shares of Draganfly during the fourth quarter worth about $1,569,000. 10.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DPRO. HC Wainwright assumed coverage on Draganfly in a research note on Friday, May 29th. They issued a “buy” rating and a $14.00 price target on the stock. Wall Street Zen lowered shares of Draganfly from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Needham & Company LLC lowered their price target on Draganfly from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Finally, LADENBURG THALM/SH SH dropped their target price on Draganfly from $12.75 to $11.50 and set a “buy” rating for the company in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $11.62.

About Draganfly

Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.