Reports Q1 revenue $3.65M vs. $3.89M last year. AgEagle CEO Bill Irby commented, “In the first quarter of 2025 we delivered a significantly improved financial performance marked by strong gross margin improvement and a meaningful reduction in operating expenses. This pivotal milestone is a clear validation of the strategic decisions we have made to streamline operations, sharpen our commercial focus, and prioritize higher-margin product lines. With a strengthened balance sheet, improved cash position, and reduced cash burn, AgEagle is now operating from a healthier and more resilient financial foundation Looking ahead, we will continue to execute a focused strategy centered on relentless innovation and market expansion, further positioning AgEagle for disciplined growth and long-term shareholder value creation,” concluded Mr. Irby.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAVS:
- Ageagle Aerial Systems announces multi-unit camera sale to Wingtra
- Ageagle Aerial Systems secures additional sale of eBee VISION drones
- Ageagle Aerial Systems showcases eBee VISION for European customers
- AgEagle Faces NYSE Non-Compliance Notice
- Ageagle Aerial Systems receives non-compliance letter from NYSE