Draganfly (NASDAQ:DPRO) Issues Earnings Results

Draganfly (NASDAQ:DPRO) issued its quarterly earnings data on Monday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02), Zacks reports. Draganfly had a negative return on equity of 45.65% and a negative net margin of 294.03%.

Here are the key takeaways from Draganfly’s conference call:

• Q1 revenue rose 49.8% year over year to about CAD 2.3 million, driven mainly by product sales, while gross profit improved and adjusted gross margin increased to 19.6% from 17.5% last year.
• The company ended the quarter with a very strong cash balance of over CAD 147 million and working capital of CAD 154.4 million, giving it significant financial flexibility and minimal debt.
• Management highlighted several military and defense wins in the quarter, including U.S. Army FPV drone orders, international Commander 3XL orders, a Palantir AI-related swarming project, and sales to U.S. border counties and a Fortune 50 telecom customer.
• Draganfly emphasized that it has been selected by additional Department of War special operations units, and management said these relationships could translate into materially larger orders over time, potentially in the tens of millions.
• Management reiterated a pragmatic, selective growth strategy focused on interoperable drone platforms, strategic partnerships, and future M&A, while saying it does not expect to need additional financing in the near term unless for a major acquisition or unusually large order.

Draganfly Price Performance

Shares of NASDAQ DPRO traded up $0.06 during midday trading on Monday, reaching $5.54. The company’s stock had a trading volume of 2,005,076 shares, compared to its average volume of 2,026,263. Draganfly has a 12-month low of $1.63 and a 12-month high of $14.40. The firm has a 50 day moving average price of $5.90 and a 200-day moving average price of $7.22. The stock has a market capitalization of $190.44 million, a P/E ratio of -4.26 and a beta of 2.58.

Wall Street Analyst Weigh In

A number of analysts have commented on DPRO shares. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a report on Wednesday, May 6th. Needham & Company LLC decreased their price objective on Draganfly from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Northland Securities set a $20.00 price objective on Draganfly in a report on Thursday, January 15th. Finally, HC Wainwright reissued a “buy” rating and set a $14.00 price objective on shares of Draganfly in a report on Monday, March 30th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus target price of $16.25.

Hedge Funds Weigh In On Draganfly

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Draganfly in the 2nd quarter worth approximately $35,000. IFP Advisors Inc purchased a new position in shares of Draganfly in the 3rd quarter worth approximately $39,000. Royal Bank of Canada boosted its stake in shares of Draganfly by 478.4% in the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock worth $60,000 after buying an additional 7,152 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Draganfly in the 2nd quarter worth approximately $65,000. Finally, Wexford Capital LP purchased a new position in shares of Draganfly in the 3rd quarter worth approximately $67,000. Hedge funds and other institutional investors own 10.39% of the company’s stock.

Draganfly Company Profile

Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.