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Draganfly (DPRO)
NASDAQ:DPRO
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.52Last Year’s EPS
-0.52Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 25, 2020
|% Change Since: 25.94%
|Next Earnings Date:May 25, 2020
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments, such as record-breaking Q3 revenue and significant product launches, alongside challenges including year-over-year revenue decline and reduced gross profit margins. The financial stability and strategic military and corporate partnerships are promising, but the decrease in revenue and profit margins indicates some ongoing challenges.Company Guidance
In the Q3 2024 Draganfly Earnings Call, the company reported revenue of $1.885 million, marking its best Q3 to date, with product sales contributing $1.3 million and services $0.5 million. The gross profit stood at $440,000, resulting in a margin of 23%, although adjustments for inventory write-downs suggest a more accurate margin of 32.7%. The company noted a cash position of approximately $3.9 million. Year-over-year, revenue dipped by 11.8%, and there was a significant reduction in comprehensive loss from $5.5 million to $365,000, driven by lower SG&A expenses and non-cash adjustments. Quarter-over-quarter, revenue increased by 8.8%, with a minor reduction in gross margin attributed to product mix changes. Draganfly emphasized operational highlights like the introduction of the APEX Drone and key military contracts, alongside strategic alliances, such as a Fortune 50 oil and gas firm adopting their drone-in-a-box solution. The company remains optimistic about Q4, citing a robust sales funnel and ongoing demand across various sectors, particularly for their FPV drones and the newly launched APEX Drone.Record-Breaking Q3 Revenue
Draganfly reported revenue of $1.885 million for Q3 2024, marking the best Q3 in the company's history.
Launch of APEX Drone
The APEX Drone, a Category 1 drone, was launched this quarter and is receiving significant demand, especially from law enforcement.
Military and Fortune 50 Orders
Draganfly secured military orders through VRR and TB2, and a major deal with a Fortune 50 oil and gas company for drone-in-a-box solutions.
Strong Cash Position
The company reported having nearly $4 million in cash, indicating financial stability.
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DPRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DPRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $2.66 | $2.35 | -11.65% |
| Aug 13, 2024 | $3.61 | $3.19 | -11.63% |
| May 14, 2024 | $7.73 | $7.51 | -2.85% |
| Mar 27, 2024 | $4.50 | $4.62 | +2.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Draganfly (DPRO) report earnings?
Draganfly (DPRO) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Draganfly (DPRO) earnings time?
Draganfly (DPRO) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DPRO EPS forecast?
DPRO EPS forecast for the fiscal quarter 2024 (Q4) is -0.52.
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