The latest announcement is out from ParaZero Technologies Ltd. ( (PRZO) ).
ParaZero Technologies Ltd. announced its financial results for 2024, highlighting a 50.2% increase in sales to $932,154, driven by a strategic shift towards OEM integrations. The company expanded its operations in the defense sector with new collaborations and developments, including the launch of the DropAir Precision Airdrop System and advancements in its Counter-Unmanned Aerial Systems (C-UAS) solution. ParaZero also strengthened its commercial presence with significant orders and collaborations in the U.S. and Australia. Despite these achievements, the company reported a net loss of $11,054,230 for the year, primarily due to increased operating expenses and changes in the fair value of derivative warrant liabilities.
More about ParaZero Technologies Ltd.
ParaZero Technologies Ltd. is an aerospace company specializing in drone safety systems for both defense and commercial drones, as well as urban air mobility aircraft. Founded in 2014 by aviation professionals and drone industry veterans, the company designs smart, autonomous parachute safety systems that enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS), including military applications like Counter UAS.
YTD Price Performance: -55.17%
Average Trading Volume: 2,304,054
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.83M
See more data about PRZO stock on TipRanks’ Stock Analysis page.
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