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 (NASDAQ: DPRO) has secured an exclusive manufacturing agreement with Valqari LLC to produce innovative Drone Delivery Stations. This partnership aims to address logistical challenges in drone deliveries across various sectors, including pharmaceuticals and e-commerce. Valqari's patented stations, capable of accommodating packages of specific dimensions, are expected to propel the global drone delivery market, projected to reach nearly US$1 billion in 2021 with a CAGR of 45.5%.
Draganfly (NASDAQ: DPRO) has integrated its Vital Intelligence Smart Vital system into Fobi AI's Venue Management System, enhancing health screening for event attendees. The collaboration allows users to monitor vital signs like body temperature and heart rate using their smartphones, while maintaining privacy as no personal data is collected. The global event management software market is projected to reach $14.6 billion by 2025, with DPRO positioning itself in a critical segment as health protocols continue to evolve post-pandemic.
Draganfly Inc. (Nasdaq: DPRO) announced the exercise of an over-allotment option for 95,966 common shares at US$4.00 per share, generating additional gross proceeds of US$383,864. This brings the total gross proceeds from the public offering to US$20,383,864. The funds will be utilized for general corporate purposes including ongoing operations, growth initiatives, and research and development. The company filed a prospectus supplement in connection with this offering, ensuring compliance with relevant securities laws.
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.