Draganfly Stock Price, News & Analysis

Draganfly Inc. (NASDAQ: DPRO) is attending the 2022 Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, from May 16-19, 2022. The event gathers the SOF community to enhance collaboration across sectors. Draganfly will showcase its Medical Response and Search and Rescue Drone platforms, emphasizing their role in aiding critical missions.

Draganfly (NASDAQ: DPRO) has partnered with NuGen M.D. and Coldchain Delivery Systems to deploy Medical Response Drones for delivering needle-free injection devices filled with insulin to conflict areas in Ukraine. The initiative aims to address the urgent medical needs of over 2.3 million diabetics in Ukraine, particularly in war-torn regions. The initial donation includes 50 InsuJet™ devices and 5,000 syringes. Draganfly will initially supply 10 drones, with a potential order for up to 200 units. This collaboration is critical for ensuring access to essential medical supplies during the ongoing crisis.

Draganfly (NASDAQ: DPRO) announced its partnership with Airworx for the 2022 SC Public Safety Unmanned Systems Summit in Greenville, SC, on May 12-13. The event aims to showcase drone technologies for public safety, featuring Draganfly's Drone as First Responder and AI Vital Intelligence platforms. A report forecasts the public safety drone market to hit $3 billion by 2025, with agencies expanding their drone pilot programs. Draganfly's President, Cameron Chell, emphasized the platforms' potential to enhance efficiency and response times in law enforcement operations.

Draganfly reported a notable 32.8% year-over-year revenue increase for Q1 2022, totaling $2,044,562, primarily from organic product sales. Gross profit surged 58.5% to $301,143, with improved gross margin at 39.9%. The comprehensive loss narrowed to $6.29 million, significantly lower than the previous year’s $44.9 million. Cash reserves decreased to $19.6 million. Notable developments include a 200-unit order for Medical Response and Search and Rescue Drones and a partnership with Fobi AI to enhance in-person event safety.

Draganfly Inc. (NASDAQ: DPRO) has announced significant governance changes, including the appointment of John Mitnick as Chairman of the Board. Mitnick, with extensive legal and executive experience, aims to enhance the company’s strategic growth and shareholder value. Cameron Chell will serve as both CEO and President. Additionally, Paul Mullen has been appointed as the first Chief Operating Officer, tasked with overseeing operational growth. Draganfly focuses on innovative drone solutions across various sectors, reaffirming its position as an industry leader.

Draganfly Inc. (NASDAQ: DPRO) has announced a shareholder update call scheduled for May 10, 2022, at 2:30 p.m. PDT/5:30 p.m. EDT. CEO Cameron Chell will discuss the company's key milestones, while CFO Paul Sun will review Q1 2022 financial results, set to be filed later that day. Following the prepared remarks, pre-submitted questions will be addressed by Lead Director Scott Larson. This call seeks to enhance transparency and engage investors on the company’s progress.

Draganfly Inc. (NASDAQ: DPRO) announced its commitment to provide five specialized Medical Response Drones to Revived Soldiers Ukraine (RSU), funded by DroneAid: Ukraine. These drones are designed for delivering temperature-sensitive medical supplies to inaccessible areas in Ukraine amid urgent humanitarian needs. The order builds on a prior request involving up to 200 drone units. CEO Cameron Chell emphasized the critical role of these drones in supporting humanitarian efforts. The initiative aims to alleviate the ongoing crisis in Ukraine by enhancing the efficiency of medical aid delivery.

Draganfly has successfully deployed its first Medical Response Drone to Revived Soldiers Ukraine. This drone is designed to deliver up to 35 pounds of temperature-sensitive medical supplies, including vaccines and pharmaceuticals. The deployment, completed on May 1, 2022, included training for RSU's drone operators via virtual sessions. CEO Cameron Chell emphasized the drone's role in facilitating timely medical aid during the ongoing crisis in Ukraine. Additionally, Draganfly has received an order for 10 more drones for immediate deployment.

Draganfly Inc. (NASDAQ: DPRO) has successfully deployed its Smart Vital Kiosks in Perry County, Alabama, through the Perry County School District. These kiosks enable health screenings, including temperature, blood pressure, and oxygen saturation, enhancing privacy while capturing anonymous data. This initiative aligns with the U.S. Department of Education's focus on prioritizing health and safety in schools post-COVID-19. Draganfly's platform aims to improve health security for students and staff, reinforcing the commitment to a safe learning environment.