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.
Draganfly Inc. develops drone solutions, unmanned aerial vehicle systems and related software for defense, public safety, civil, agriculture, industrial inspection, security, mapping and surveying markets. News about DPRO commonly covers product and platform activity across Flex FPV, Commander 3XL, Apex, Heavy Lift and Outrider systems, including selections, deployments, distribution arrangements and technology integrations.
Recurring updates also include quarterly financial results, shareholder update calls, balance-sheet commentary and corporate strategy. Company announcements frequently connect Draganfly's UAV portfolio with defense procurement, autonomous systems, swarming software, payload options and enterprise or government customer channels in Canada, the United States and other markets.
Draganfly Inc. (NASDAQ: DPRO) announced on September 14, 2021, that Dr. Kevin Kaplan, head team physician for the Jacksonville Jaguars, has joined its Board of Advisors. His expertise will support Draganfly's Vital Intelligence AI technology aimed at enhancing health safety in sports and educational institutions. Dr. Kaplan brings over a decade of experience in athlete care and has served various sports organizations, elevating Draganfly's commitment to health assessment and security solutions.
Draganfly Inc. (NASDAQ: DPRO) appointed Julie Myers Wood, former Assistant Secretary of Homeland Security, as a director effective immediately. Ms. Wood brings over 25 years of regulatory and enforcement experience, enhancing the company’s capabilities in government and public safety sectors. Previously serving in prominent roles within various government agencies, she is currently the CEO of Guidepost Solutions. Draganfly expressed appreciation for Justin Hannewyk, who will focus on his role as President of Dronelogics Systems. This leadership change aims to strengthen Draganfly's market presence and drone innovations.
Draganfly Inc. (NASDAQ: DPRO) has expanded its partnership with Alabama State University (ASU) by upgrading its Vital Intelligence Smart Vital Assessment Stations and delivering the Varigard sanitizing spray ahead of the Labor Day Classic football game on September 4, 2021. ASU, a pioneer in implementing Draganfly’s safety technology, aims to enhance health protocols on campus. The Smart Vital system monitors vital signs while ensuring compliance with social distancing. This upgrade emphasizes Draganfly's commitment to health solutions during the pandemic.
Draganfly, Inc. (NASDAQ: DPRO) will feature a company overview with Chairman and CEO Cameron Chell on The RedChip Money Report, airing on Bloomberg on August 21, 2021, at 7 p.m. ET. This segment is expected to reach approximately 73 million homes across the U.S. Draganfly specializes in innovative drone solutions and has served various sectors like public safety, agriculture, and mapping for over 23 years. For more details, viewers can access the overview via the provided YouTube link.
Draganfly Inc. (NASDAQ: DPRO) has announced the launch of its new Draganflyer Commander2 drone system, designed and manufactured in Canada. This model replaces the original Commander platform, offering improved operational capabilities and payload options. Key features include new North American built components and compliance with 'Built-in-North America' requirements for regulatory alignment. The Commander2 caters to various sectors including agriculture, military, and emergency services. The unveiling will occur at the AUVSI Xponential event from August 16-19, 2021.
Draganfly Inc. (NASDAQ: DPRO) reported a 113.9% revenue increase in Q2 2021, totaling $1,981,872, driven by product sales and engineering services. Gross profit rose 68.9% to $728,593, but gross margin declined to 36.8%. The company posted a comprehensive loss of $8.1 million, primarily due to a $46.6 million non-cash liability related to USD warrants. Cash reserves significantly improved to $17.3 million compared to $2.0 million at the end of 2020. Notable agreements include a contract with Integrated Launcher Solutions for a drone-based system and a $750,000 partnership with Coldchain Delivery Systems for medical drone delivery.
Draganfly Inc. (NASDAQ: DPRO) will host a virtual shareholder update call on August 12, 2021, at 2 PM MST / 4 PM EST. CEO Cameron Chell will discuss the company's milestones, while CFO Paul Sun will present Q2 2021 financial results, to be filed after market on August 9. The call will also include a Q&A session facilitated by President Scott Larson. Investors can submit questions beforehand. Draganfly specializes in drone solutions, serving public safety, agriculture, security, and more, with over 22 years of industry experience.
Draganfly (NASDAQ: DPRO) announced its attendance at AUVSI XPONENTIAL 2021 in Atlanta from August 16-19, showcasing its Commander II and Tango2 sUAS platforms. The event, the largest for unmanned aerial vehicles, will feature over 800 exhibitors and 225 educational sessions. Draganfly will also present its Drone-Powered Stadium Disinfecting Service, developed in partnership with Varigard, which uses drones for efficient venue sanitization. CEO Cameron Chell highlighted the significance of this event for displaying their latest technology to the global drone industry.
Draganfly (NASDAQ: DPRO) has commenced EMS pilot training in Spring Branch, Texas, aimed at developing skills for drone delivery services in emergencies. This training is part of the Phase 1 ColdChain Delivery Systems contract and focuses on equipping operators to support first responders with essential supplies and data. The program features seasoned pilots, including former USAF personnel, ensuring high competency standards. Draganfly enhances its reputation in public safety and aims to expand its active support in emergency operations through advanced drone technology.
Draganfly Inc. (Nasdaq: DPRO) has completed an underwritten public offering of 5,000,000 common shares at $4.00 each, raising approximately $20 million. The offering includes a 45-day option for underwriters to purchase an additional 750,000 shares. The net proceeds will support ongoing operations, growth initiatives, and working capital needs, including product development and potential acquisitions. Draganfly’s shares are dual-listed on Nasdaq and the Canadian Securities Exchange. The offering's details are documented in a prospectus supplement filed with regulatory authorities.