Ageagle Aerial Stock Price, News & Analysis

AgEagle Aerial Systems (NYSE American: UAVS) announced that its subsidiary, senseFly, has been approved as a Blue UAS supplier, allowing the eBee TAC drone to be procured by the U.S. Department of Defense. The eBee TAC completed rigorous evaluations and is now listed as a compliant system, providing capabilities for military mapping and situational awareness. With its lightweight design and advanced features, it has become the best-selling commercial fixed-wing drone in the U.S. for three years.

AgEagle Aerial Systems (NYSE American: UAVS) announced a letter from Chairman and new CEO Barrett Mooney, addressing shareholders about the company's operations and growth strategies. Mooney emphasized a commitment to innovation, integrity, and customer focus. He highlighted successful acquisitions, a strong workforce of engineers and data scientists, and plans for organic growth in 2022 through sales optimization and government sector expansion. Mooney aims to become cash flow positive while enhancing corporate trust and operational effectiveness.

AgEagle Aerial Systems (NYSE American: UAVS) has showcased its eBee TAC Unmanned Aerial System at Tough Stump Technologies’ Tech Demo Day in North Carolina. The eBee TAC, developed by AgEagle’s subsidiary senseFly, is integral to the ARTEMIS system, enhancing military situational awareness with high-resolution imagery. This tactical drone boasts a 17.2-mile range and a 90-minute flight time, targeting military operations and emergency responses. CEO Barrett Mooney emphasizes its role in supporting U.S. military forces and allied partners amid rising geopolitical tensions.

AgEagle Aerial Systems has announced the reappointment of Barrett Mooney as CEO, succeeding Brandon Torres Declet, who resigned. Mooney previously led the company from July 2018 to June 2020, driving its expansion into drone package delivery and data analytics for various sectors. He aims to refocus the company on robotics, automation, and manufacturing while improving its market valuation after a challenging year. Mooney emphasizes innovation and customer satisfaction as key drivers for future growth.

AgEagle Aerial Systems (NYSE American: UAVS) reported significant financial growth for the three and nine months ended September 30, 2021. Revenues surged 169% year-over-year to approximately $2.02 million, while nine-month revenues climbed 389% to $5.66 million, driven by strong demand for sensor and software solutions. However, the company reported a net loss of $3.77 million for Q3 and a total loss of $11.38 million for the nine months. Cash reserves increased to $32.2 million.

AgEagle Aerial Systems has launched the Altum-PT, a revolutionary 3-in-1 drone sensor that integrates panchromatic imaging and thermal imaging. This product offers high resolution imaging, providing double the spatial resolution of its predecessor, enhancing analytical capabilities in agriculture.

With features that enable users to assess plant-level conditions, it includes advanced thermal calibration technologies for improved accuracy. The launch promises to broaden applications across several sectors and aims to fuel future growth for the company, which operates in over 70 countries.

AgEagle Aerial Systems Inc. (NYSE American: UAVS) will host a webcast on November 15, 2021, at 4:30 p.m. Eastern Time to discuss its recent operational developments and third-quarter financial results for the period ending September 30, 2021. CEO Brandon Torres Declet and CFO Nicole Fernandez-McGovern will lead the update. Investors can submit questions via email by November 12, 2021, at 5:00 p.m. ET. The webcast will be available live and for replay at this link.

AgEagle Aerial Systems (NYSE American: UAVS) announced that its subsidiary senseFly has been added to the U.S. Department of Defense's Blue sUAS 2.0 list, allowing it to provide advanced drone mapping solutions to U.S. military and government agencies. The eBee TAC drone, weighing 3.5 pounds, features rapid deployment capabilities and digital camouflage for stealth operations. Following successful demonstrations at military installations, senseFly aims to complete the registration process by year-end, enhancing its position within the UAS market for government applications.

AgEagle Aerial Systems Inc. (NYSE American: UAVS) has launched the RedEdge-P, a cutting-edge drone sensor boasting triple capture speed and double the spatial resolution compared to its predecessor, the RedEdge-MX. This device facilitates precise multispectral and RGB imagery collection, allowing for detailed plant analyses and effective forestry management. The global drone sensor market is projected to reach $2.54 billion by 2028, driven by demand for high-resolution imaging. AgEagle aims to leverage its expertise to enhance operational efficiency across various industries.