Draganfly (NASDAQ:DPRO) Posts Earnings Results, Misses Estimates By $0.13 EPS

Draganfly (NASDAQ:DPRO) issued its quarterly earnings data on Monday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.13), Zacks reports. The business had revenue of $3.75 million for the quarter, compared to analyst estimates of $2.56 million. Draganfly had a negative net margin of 355.34% and a negative return on equity of 29.13%.

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

DPRO traded up $0.05 during mid-day trading on Wednesday, reaching $4.48. 349,038 shares of the stock were exchanged, compared to its average volume of 1,770,685. Draganfly has a 1 year low of $3.78 and a 1 year high of $14.40. The stock has a market capitalization of $154.00 million, a PE ratio of -5.74 and a beta of 2.73. The company has a 50 day moving average price of $5.05 and a two-hundred day moving average price of $5.94.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. HC Wainwright assumed coverage on shares of Draganfly in a research report on Friday, May 29th. They issued a “buy” rating and a $14.00 price target on the stock. LADENBURG THALM/SH SH upgraded Draganfly to a “strong-buy” rating in a research note on Wednesday, May 6th. Needham & Company LLC decreased their price objective on Draganfly from $12.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Northland Securities set a $13.00 price objective on Draganfly in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of $13.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DPRO. XTX Topco Ltd purchased a new position in Draganfly during the second quarter worth about $65,000. Jane Street Group LLC bought a new stake in Draganfly in the 2nd quarter worth about $35,000. Virtu Financial LLC purchased a new stake in Draganfly in the 3rd quarter valued at about $894,000. Qube Research & Technologies Ltd purchased a new stake in Draganfly in the 3rd quarter valued at about $84,000. Finally, Scientech Research LLC bought a new position in shares of Draganfly during the 3rd quarter worth approximately $514,000. 10.39% of the stock is owned by institutional investors.

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.