Draganfly ( (TSE:DPRO) ) has issued an announcement.
Draganfly Inc. reported a 76% year-over-year increase in fourth-quarter revenue, with total 2024 revenue showing a modest rise due to late-year demand fulfillment in the military and public safety sectors. Despite a decrease in gross profit and comprehensive losses, the company is advancing its strategic initiatives, including a $3.76 million direct offering to support growth and production scaling. Draganfly is also enhancing its industry positioning through successful proof-of-concept drone delivery projects, participation in UAV events, and leadership updates, including the appointment of Andy Card to its Advisory Board.
More about Draganfly
Draganfly Inc. is an industry-leading developer of drone solutions and systems, focusing on sectors such as military and public safety. The company is known for its innovative drone technologies and aims to expand its market presence by enhancing production capabilities and offering specialized training for UAV applications.
YTD Price Performance: -25.55%
Average Trading Volume: 161,148
Technical Sentiment Signal: Buy
Current Market Cap: $16.65M
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