Ageagle Aerial Stock Price, News & Analysis

AgEagle Aerial Systems (NYSE American: UAVS) announced that its eBee X series drones are the first to comply with the FAA's Category 3 regulations for Operations Over People (OOP). This compliance eliminates the need for FAA waivers, significantly simplifying drone operations across various industries, including insurance and telecommunications. The testing was conducted by Virginia Tech's Mid-Atlantic Aviation Partnership, proving the drones' reliability. This milestone positions AgEagle as a leader in advanced drone operations in the U.S., potentially driving future growth.

AgEagle Aerial Systems (NYSE American: UAVS) will showcase its solutions at INTERGEO Expo 2022 in Essen, Germany, from October 18-20, 2022. The exhibit is located at Booth #A1-024, where attendees can engage with key team members. Pierre-Alain Marchand, Head of Regulation, will present an educational lecture titled “European Drone Regulations Explained: Challenges, Benefits and Opportunities” on October 18 at 3:00 PM. The expo will highlight advancements in geospatial technology and the evolving regulatory landscape in Europe.

AgEagle Aerial Systems (NYSE American: UAVS) announced its participation in Commercial UAV Expo 2022 in Las Vegas from September 6-8, 2022. CEO Barrett Mooney will speak during the panel discussion titled Drone Visionaries: Getting Drones to Work Today on September 7 from 4:30 PM to 5:30 PM PT. AgEagle will exhibit in Booth #709, providing product demonstrations and media interviews. The event will feature over 200 exhibitors and attract more than 2,500 attendees, showcasing advancements in commercial unmanned aerial systems across various industries.

AgEagle Aerial Systems (UAVS) reported significant revenue growth in Q2 2022, with a 173% increase in quarterly revenues to $5.29 million from $1.94 million, and a 151% rise in six-month revenues to $9.13 million compared to $3.64 million in 2021. The growth was driven by the senseFly acquisition and strong sales of new multispectral sensors, although software subscription revenues declined. Loss from operations increased to $5.39 million due to supply chain challenges and higher costs. The company holds $13.51 million in cash as of June 30, 2022.

AgEagle Aerial Systems (NYSE American: UAVS) will host a webcast on August 16, 2022, at 4:30 p.m. Eastern time to discuss recent operational updates and financial results for the second quarter ending June 30, 2022. CEO Barrett Mooney and CFO Nicole Fernandez-McGovern will lead the discussion, addressing investor questions submitted by August 12, 2022. The webcast can be accessed live or via replay at this link. AgEagle specializes in drone solutions for multiple sectors including energy and agriculture.

AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced the full satisfaction of its payment obligations related to the 2021 acquisitions of MicaSense and senseFly, following waiver agreements. This settlement, which included cash payments of approximately $3.65 million, reduced the total debt by more than $7.35 million. CEO Barrett Mooney expressed gratitude to institutional shareholders for their support, emphasizing the strategic importance of this move in strengthening the balance sheet for future growth opportunities.

AgEagle Aerial Systems (NYSE:UAVS) announced that the Brazilian National Civil Aviation Agency has approved BVLOS flights for its eBee Geo and eBee Ag fixed-wing drones. This clearance complements the drone's existing approvals in the U.S. and Europe. The eBee series represents 41% of all commercial fixed-wing drone registrations in the U.S. since 2016, affirming its market leadership. CEO Barrett Mooney emphasized the company's commitment to safety and performance, anticipating further growth as drone regulations evolve globally.

AgEagle Aerial Systems (NYSE American: UAVS) announced it will fulfill over $2 million in backlogged orders for its MicaSense Altum-PT, RedEdge-P, and RedEdge-MX sensors in Q3 2022. The company attributes this progress to enhanced supply chain management amid increasing global demand for advanced sensor technology across agriculture and land management sectors. CEO Barrett Mooney highlighted successful efforts to overcome supply chain bottlenecks, ensuring timely order fulfillment moving forward. AgEagle continues to develop cutting-edge solutions to meet market needs.