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 announced a strategic teaming agreement with Autonome Labs to develop an integrated aerial demining solution. The collaboration combines Draganfly's Heavy Lift drone platform with Autonome's M.A.G.I.C. (Mine and Ground Inert Clearance) mesh-based demining system. This integration enables safe and efficient deployment of demining mesh that detonates and neutralizes landmines across hazardous terrain.
The solution aims to reduce risks for human demining teams while accelerating the restoration of usable land. Initial integration and testing will commence in 2025, followed by pilot programs in post-conflict regions later in the year.
Draganfly (NASDAQ: DPRO) has established a Public Safety Advisory Board and appointed Paul Goldenberg as its inaugural Chair. Goldenberg, a renowned global public safety expert and Homeland Security advisor with over 30 years of experience, brings extensive expertise in law enforcement, global security, and national intelligence.
As the former senior member of the U.S. Department of Homeland Security Advisory Council (HSAC), Goldenberg led key initiatives including the DHS Cybersecurity Task Force and Countering Foreign Influence Task Force. He currently serves at Rutgers University Miller Center on Policing and the University of Ottawa, while also being a member of the National Sheriffs' Association Southern Border Security Committee.
The new advisory board reinforces Draganfly's commitment to delivering AI-powered drone technologies for law enforcement and public safety agencies worldwide, focusing on improving situational awareness and operational efficiency.
Draganfly (NASDAQ: DPRO) has secured a multi-year agreement as the preferred unmanned aerial systems (UAS) and aerial survey provider for SafeLane Global, a specialist in explosive threat mitigation. The partnership includes their first Ukraine landmine aerial survey contract.
SafeLane, one of only two private organizations licensed by the Ukrainian Ministry of Defense for landmine clearance, operates across 60+ countries with 30 years of experience in clearing landmines, unexploded ordnance (UXO), and explosive remnants of war (ERW).
Under the agreement, Draganfly will provide advanced drone solutions, specialized sensors, and data analysis services. The companies will collaborate on developing intellectual property and procedures for aerial mine detection, with SafeLane leading operational deployment while Draganfly handles technology and survey analysis.
The partnership addresses a critical global issue, as the Landmine Monitor 2023 reports over 60 million landmines remain buried across 60+ countries, with Ukraine currently among the most mine-contaminated regions.
Draganfly (NASDAQ: DPRO) has been selected as the primary UAS provider by Balko Technologies, a company specializing in LiDAR payloads and post-processing software. The partnership involves the integration of Balko's LiDAR products with Draganfly's Commander 3XL and Apex UAS platforms.
Under the agreement, Balko becomes an official distributor of Draganfly's products in North America, focusing on industrial, energy, and environmental monitoring applications. Multiple purchase orders have been received for the Commander 3XL paired with Balko's Connectiv LiDAR sensor, with one delivery completed in Q1.
Draganfly Inc. (NASDAQ: DPRO) has reported its Q4 and fiscal 2024 results, showing mixed performance. Q4 revenue increased 76% year-over-year to $1.61M, while annual revenue saw a minimal 0.1% increase to $6.56M. The company's gross profit decreased 32.3% to $1.39M, with margins declining from 31.5% to 21.3% in 2024.
The company recorded a comprehensive loss of $14.06M in 2024, an improvement from $23.71M in 2023. Cash position stood at $6.25M as of December 31, 2024. Notable Q4 developments include completing first proof-of-concept flights for Mass General Brigham's drone delivery project and closing a $3.76M registered direct offering.
Draganfly (NASDAQ: DPRO) has scheduled a important shareholder update call for March 27, 2025, at 5:30 PM EST. The call will feature two key presentations:
1. CEO Cameron Chell will discuss:
- Company's 2024 milestones
- Strategic initiatives
- 2025 outlook
2. CFO Paul Sun will present:
- Q4 2024 financial results
- Full-year 2024 performance review
The financial results will be released after market close on March 27th. Shareholders can participate by registering online and are encouraged to submit questions in advance to investor.relations@draganfly.com.
Draganfly Inc (NASDAQ: DPRO) has announced the appointment of Christopher C. Miller, former Acting U.S. Secretary of Defense under President Trump, to its Board of Directors. Miller brings extensive experience in defense and intelligence to guide Draganfly's strategic initiatives in government, defense, and aerospace sectors.
Miller previously held senior positions at the National Security Council and Special Operations Command, where he was instrumental in developing U.S. counterterrorism strategies. His appointment aims to strengthen Draganfly's position in providing American-made drone technology for defense, law enforcement, and public safety applications.
CEO Cameron Chell emphasized that Miller's expertise will be important as Draganfly expands its role in government and security operations. Miller expressed enthusiasm about joining the company, highlighting the growing demand for secure, American-made drone solutions in supporting national security and defense initiatives.
Draganfly (NASDAQ: DPRO) has successfully completed a medical supply delivery demonstration project for the Massachusetts Department of Transportation (MassDOT) Aeronautics Division. The demonstration, conducted between August and October 2024, simulated the delivery of medical supplies for home-based healthcare support.
Draganfly was one of three companies selected for this innovative pilot project, which aims to explore drone technology for healthcare and emergency management applications. Transportation Secretary Monica Tibbits-Nutt highlighted that drones have already proven valuable for various operations, including MBTA track corridor inspections, highway bridge inspections, and overhead project evaluations.
Draganfly Inc. (NASDAQ: DPRO) has announced the opening of a new strategic facility in Tampa, Florida. The facility includes a demonstration and live fire testing center, strategically located near key military and government clients. This expansion is part of Draganfly's long-term strategy to grow its government business, responding to increasing demand from defense, law enforcement, and industrial sectors.
The company will maintain and continue investing in its North American manufacturing facilities while using the Tampa location as a critical hub for product demonstrations and testing. CEO Cameron Chell emphasized that this expansion reinforces Draganfly's 20-year commitment to providing innovative drone solutions and strengthens its position as a trusted domestic manufacturer in the drone technology landscape.
Volatus Aerospace and Draganfly (NASDAQ: DPRO) have announced an expanded strategic collaboration focused on automating and digitizing geospatial data collection for utility infrastructure. This partnership builds upon their previous agreement, combining Volatus' operational expertise in power utility inspections and right of way management with Draganfly's advanced product and engineering capabilities.
The collaboration aims to serve high-profile global power and infrastructure providers by offering comprehensive end-to-end solutions. According to MarketsandMarkets, the global utility asset management market is projected to reach USD 4.09 billion by 2026, driven by grid modernization investments and the need for efficient power supply systems.
Glen Lynch, Volatus Aerospace CEO, emphasized that strategic collaborations are important for meeting diverse client needs without adding commercial risk. Cameron Chell, Draganfly CEO, highlighted how the partnership will integrate their interoperable drone platform into complete power utility solutions.