An update from Draganfly ( (TSE:DPRO) ) is now available.
Draganfly Inc. has entered into an agreement with Balko Technologies to integrate advanced modular LiDAR drone solutions, marking a significant expansion in their product offerings. This partnership positions Draganfly as the primary UAS provider for Balko, enhancing their reach across North America and providing customers with advanced aerial mapping and data collection tools. The collaboration is expected to expand access to cutting-edge drone technology for industrial, energy, and environmental monitoring applications, with multiple orders already placed for the Draganfly Commander 3XL paired with Balko’s Connectiv LiDAR sensor.
Spark’s Take on TSE:DPRO Stock
According to Spark, TipRanks’ AI Analyst, TSE:DPRO is a Neutral.
Draganfly’s overall score reflects significant financial challenges including stagnant revenue and persistent losses, which are the most pressing issues. Technical indicators suggest a bearish trend. While strategic partnerships and board appointments offer optimism, the company’s valuation remains unattractive due to negative earnings.
To see Spark’s full report on TSE:DPRO stock, click here.
More about Draganfly
Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation. The company provides solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying, committed to delivering efficient, reliable, and industry-leading technology.
YTD Price Performance: -50.12%
Average Trading Volume: 133,462
Technical Sentiment Signal: Strong Buy
Current Market Cap: $11.61M
For an in-depth examination of DPRO stock, go to TipRanks’ Stock Analysis page.