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Draganfly Proclaims First Quarter Earnings
The outcomes are constructive:
- Income for the primary quarter was $2.04 million, a rise of 32.8% year-over-year and 25% quarter-over-quarter.
- Gross margin share was 39.9% in comparison with 33.4% in Q1 2021.
- Web loss excluding non-cash costs was $5.83 million in comparison with a $3.89 million loss in Q1 2021.
- Money stability on the finish of March was $19.6 million.
The Drone Business is “Lastly Scaling”
“The underlying premise of the drone business at present, versus the final 20 years that we’ve been in it’s that it’s lastly scaling,” mentioned CEO Cameron Chell through the earnings name.
“Within the final two years, two main issues have occurred within the drone business. To begin with, the FAA got here up with clear steering round, specifically, past visible line of sight. The opposite factor that occurred, each from a sentiment and a coverage foundation is de facto the arrival of the popularity that nothing collects information higher than a drone.”
Learn extra about Draganfly:
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone providers market, and a fascinated observer of the rising drone business and the regulatory atmosphere for drones. Miriam has penned over 3,000 articles centered on the industrial drone house and is a world speaker and acknowledged determine within the business. Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising for brand new applied sciences.
For drone business consulting or writing, E-mail Miriam.
TWITTER:@spaldingbarker
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