Draganfly Stock Price, News & Analysis

Draganfly (NASDAQ: DPRO), a leader in drone solutions, announced that the Franklin County Sheriff’s Office has adopted its Vital Intelligence Smart Vital assessment platform for employee screening at the 911 Communications Center in Florida. This system will monitor vital signs such as heart rate and temperature, enhancing health security for law enforcement personnel amid the COVID-19 pandemic. Over 460 U.S. law enforcement officials have died from COVID-19 since the pandemic began. Draganfly aims to improve public safety with technology that allows for better responses to health threats.

Draganfly (NASDAQ: DPRO) reported a strong Q3 2021 with revenues rising 30.5% to $1.9 million, fueled by robust product and service sales. Gross profit increased by 37.9%, reaching $773,050, reflecting higher engineering service contributions. Total comprehensive income soared to $24 million, a significant turnaround from a $2.5 million loss in Q3 2020, largely due to a non-cash liability adjustment related to USD warrants. Additionally, the cash balance improved to $28 million from $2 million at year-end 2020, enhancing liquidity. The company secured a $9 million agreement to manufacture AI companion robots, further bolstering growth prospects.

Draganfly Inc. (NASDAQ: DPRO) announced a virtual-only shareholder update call scheduled for November 9, 2021 at 2:30 PM MST. CEO Cameron Chell and CFO Paul Sun will review company milestones and Q3 2021 financial results, to be filed after the market closes. The update aims to engage shareholders through live Q&A, facilitated by President Scott Larson. Draganfly, a leader in drone solutions, has been recognized for over 20 years in technology innovation across various sectors including public safety and agriculture.

Draganfly Inc. (NASDAQ: DPRO) has launched the "Why I Fly" video series in partnership with the Drone Racing League (DRL), focusing on the journeys of elite drone pilots. Set to air during the 2021-22 DRL World Championship Season, the series highlights the pilots' training and competition strategies. Additionally, Draganfly introduced DRL Labs for advanced drone technology research. A newly established sponsorship deal with Trophy Truck will enhance product development and marketing efforts, valued at $600,000 annually. Draganfly aims to lead in drone innovations.

Draganfly (NASDAQ: DPRO) has conducted over 300 successful daytime drone delivery test flights with emergency medical services (EMS) personnel in Texas. The company is entering night flight training as part of a partnership with Coldchain Technology Services. The initiative aims to enhance emergency response capabilities by training drone operators to manage deliveries of medical supplies in critical situations. Draganfly's innovative payload box can carry up to 15 pounds of temperature-sensitive medical supplies. The data from current tests will be submitted to the FAA for future operational approval.

Draganfly (NASDAQ: DPRO) will present at the Benzinga October Global Small Cap Conference on October 28, 2021, at 11:10 AM EST. The virtual event, taking place from October 27-28, bridges small cap companies with investors and traders, offering insights on leadership and business strategies. Draganfly has established itself as a leader in drone solutions, collaborating with organizations like the Drone Racing League and securing agreements with Digital Dream Labs and Valqari. Attendees can register to gain critical industry insights.

The Drone Racing League (DRL) announced the DRL Vegas Championship Race, the finale of the 2021-22 DRL Algorand World Championship Season, set for January 5, 2022, at T-Mobile Arena in Las Vegas. This high-profile event will feature top drone pilots racing through a custom aerial track at 90 MPH. Sponsored by T-Mobile, the championship will be broadcast on NBC and Twitter in February 2022. Partners such as Algorand and Allianz will integrate unique activations into the event, which aims to showcase technology and entertainment during CES.

Draganfly (NASDAQ: DPRO) has launched its Drone Pilot Training program at Alabama State University (ASU), which is currently in its third week of a nine-week course. The program, aimed at students including those in ROTC and various STEM programs, includes a Federal Aviation Administration (FAA) Part 107 drone preparation course, essential for obtaining a Remote Pilot Certificate. ASU previously collaborated with Draganfly during the pandemic using its Vital Intelligence technology. Plans for commercialization of the training program are set for next year, expanding its reach across universities.

Draganfly Inc. (NASDAQ: DPRO) announces a $9 million manufacturing agreement with Digital Dream Labs (DDL) to create an AI consumer companion robot drone. DDL, known for its successful desktop robots, will order at least 50,000 units annually starting in 2022. Draganfly will have exclusive rights to manufacture future drone-based robots for DDL. The consumer drone market is projected to exceed $2.3 billion in 2021, growing at a CAGR of 12%, reaching nearly $3.3 billion in 2025. The agreement is subject to the signing of a definitive contract.