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Draganfly Inc. - $DPRO STOCK NEWS

Welcome to our dedicated page for Draganfly news (Ticker: $DPRO), a resource for investors and traders seeking the latest updates and insights on Draganfly stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Draganfly's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Draganfly Inc. (NASDAQ: DPRO) reported its Q1 2024 results, showcasing key financial metrics and operational highlights. The company recorded a revenue of $1.33 million, a 45% increase quarter-over-quarter but a 17% decline year-over-year. The gross profit stood at $280,011, down from $443,434 in Q1 2023, with a gross margin of 21.1%. A one-time inventory write-down of $148,760 impacted gross margin, which would have been 32.2% otherwise.

The comprehensive loss reduced significantly to $1.88 million from $7.10 million in Q1 2023. Cash balance improved to $4.34 million as of March 31, 2024, up from $3.09 million at the end of 2023.

The company secured several key agreements, including a partnership with Mass General Brigham for drone delivery in healthcare and Arabian Aero Investment for UAV integration in UAE's solar-powered platform. Draganfly also received accolades for its Commander 3XL drone and completed a $3.6 million public offering to fund growth initiatives.

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End-of-Day
-2.88%
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Rhea-AI Summary

Draganfly Inc. (NASDAQ: DPRO) will host a shareholder update call on May 14, 2024, to review milestones and financial results for Q1 2024. CEO Cameron Chell and CFO Paul Sun will lead the call, with Lead Director Scott Larson facilitating Q&A. Investors can register and submit questions via investor.relations@draganfly.com.

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1.52%
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Rhea-AI Summary

Draganfly Inc. has unveiled its new NDAA-compliant FlexForce Modular FPV System, designed for Government & Military users, following successful demonstrations and training. The system features quick-exchange assemblies in various configurations, offering dynamic flight capabilities, payload capacities, and speeds. The FlexForce Core supports multiple flight modes and features advanced technologies for aerial reconnaissance and surveillance applications. The system was showcased during a recent FPV UAV Training & Demonstration Event, with exclusive availability to Government and Military clients. Draganfly remains committed to supporting critical missions through innovative drone solutions.

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11.51%
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Rhea-AI Summary

Draganfly Inc. will showcase its latest UAV technology at SOF Week 2024, aimed at the international Special Operations Forces community in Tampa, Florida. The event will highlight the Commander 3XL Drone and integration with Vermeer's VPS, enhancing navigation capabilities. Draganfly's commitment to innovation in UAV technology will be on display, offering tailored solutions for military and government agencies.

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-5.27%
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Rhea-AI Summary

Draganfly Inc. announced the closing of a US$3.5 million registered direct offering, selling 13,513,514 units at a price of US$0.259 per unit. The Offering will be used for general corporate purposes and to fund new product demand, growth initiatives, and working capital requirements.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.27%
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Rhea-AI Summary

Draganfly Inc. announced a Registered Direct Offering worth US$3.5 million, where a single institutional investor purchased 13,513,514 units consisting of common shares and warrants. The public offering price was US$0.259 per unit, with Maxim Group acting as the sole placement agent. The Offering is intended for general corporate purposes, including funding growth initiatives, working capital requirements, and product development.

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1.12%
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Rhea-AI Summary
Draganfly Inc. collaborates with ParaZero Technologies to enhance safety for UAV operations in medical and emergency response projects. The integration of ParaZero's state-of-the-art safety technology into Draganfly's Commander 3XL drones supports enhanced safety for flight operations over people and beyond visual line of sight. This collaboration aims to improve safety and efficiency in critical missions such as home healthcare deliveries and search and rescue operations.
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-5.22%
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Rhea-AI Summary
Draganfly Inc. (NASDAQ: DPRO) partners with Squamish Search and Rescue (SSAR) to enhance search and rescue operations through UAV solutions. SSAR, one of Canada's busiest rescue organizations, aims to improve efficiency and effectiveness by integrating Draganfly's cutting-edge technology and specialized training. The collaboration seeks to validate the impact of UAV technology in critical rescue operations, ensuring swift aid in challenging terrains. Draganfly's CEO, Cameron Chell, emphasizes the company's commitment to humanitarian causes and making a difference in saving time, money, and lives.
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-2.88%
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Rhea-AI Summary
Draganfly, Doodle Labs, and UXV Technologies have joined forces to enhance UAV communication solutions, setting new standards for operational capabilities in law enforcement, first response, and military sectors. The collaboration integrates Draganfly's Commander 3XL UAV, Doodle Labs' Helix Mesh Rider®️ Radio, and UXV Technologies' SRoC ground control station, offering a secure and ruggedized solution for demanding missions in various environments. The combined technologies provide dynamic interference-avoidance, anti-jamming capabilities, and intuitive control interfaces, emphasizing innovation and reliability in UAV operations.
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Rhea-AI Sentiment
End-of-Day
9.71%
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Rhea-AI Summary
Draganfly Inc. is set to participate in XPONENTIAL 2024, showcasing its latest drone innovations and technologies at booth #3818 in San Diego, CA. The company's CEO and COO will be in attendance, with CEO Cameron Chell speaking at the Law-Tech Connect™ panel. Draganfly also faces noncompliance issues with Nasdaq Listing Rule 5550(b)(1) due to a stockholders' equity deficiency, with a hearing scheduled for May 21, 2024.
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Draganfly Inc.

Nasdaq:DPRO

DPRO Rankings

DPRO Stock Data

19.95M
44.50M
1.87%
9.09%
2.47%
Aircraft Manufacturing
Manufacturing
Link
United States of America
Saskatoon

About DPRO

draganfly innovations inc. is the world leader in suas systems. we create machines that make a difference in the world. from flying outings in the park with our hobby line products to protecting emergency service personnel in dangerous situations via our high end, industrial platforms, we are constantly working towards delivering the best possible machines for our customers.