Ageagle Aerial Stock Price, News & Analysis

AgEagle Aerial Systems Inc. (NYSE American: UAVS) announced plans to launch next-generation multispectral sensors through its subsidiary, MicaSense, aimed at precision agriculture, forestry, and conservation.

The new sensors promise superior economics, resolution, and data analysis capabilities. CEO Brandon Torres Declet emphasized their potential to set new standards in data quality and usability. MicaSense aims to begin global distribution in three months. The global drone sensors market is projected to reach $2.34 billion by 2028, growing at a CAGR of 25.08%.

AgEagle Aerial Systems (NYSE American: UAVS) will showcase its advancements in drone technology at the Commercial UAV Expo Americas 2021 in Las Vegas from September 7-9, 2021. CEO Brandon Torres Declet will deliver a keynote address titled Mapping the Market Curve of Commercial Drone Adoption Today… and Tomorrow on September 8. The company, alongside subsidiaries Measure and MicaSense, will be exhibiting at Booth #423, offering product demonstrations and media interviews.

AgEagle Aerial Systems Inc. (NYSE American: UAVS) reported significant growth in its second quarter financial results for 2021, with revenues soaring to $1.94 million compared to approximately $16,000 in 2020. Key contributions came from acquisitions of MicaSense and Measure Global, along with increased sales of the HempOverview platform. The net loss improved to $4.68 million ($0.07 loss per share) versus $10.33 million ($0.31 loss per share) in the prior year. The company also expanded its cash position to $39.21 million as of June 30, 2021.

AgEagle Aerial Systems (NYSE American: UAVS) is set to showcase its drone technology at AUVSI XPONENTIAL 2021 in Atlanta, Georgia, from August 18. The company will exhibit at Booth #2141, providing hands-on product demos and discussions. Emily Ciesielski, Channel Sales Manager at MicaSense, will lead an educational session on Image Classification and Irrigation Monitoring using multispectral and thermal imaging. The event aims to highlight MicaSense’s innovative imaging capabilities and their applications in agriculture.

AgEagle Aerial Systems (NYSE American: UAVS) will host a webcast on August 16, 2021, at 11:00 a.m. Eastern time to discuss its Q2 financial results and operational highlights. CEO Brandon Torres Declet and CFO Nicole Fernandez-McGovern will lead the update, encouraging investors to submit questions by August 13, 2021. The event will be live-streamed and available for replay. Founded in 2010, AgEagle focuses on providing American-made drone solutions and aerial data intelligence, aiming to empower The Drone Age™.

AgEagle Aerial Systems (NYSE American: UAVS) has provided an operational update following the first 60 days of leadership by CEO Brandon Torres Declet. The company aims to refine its business model and strategic vision while aligning its resources to target organic revenue growth in sectors like agriculture, energy, and construction. A key focus will be on M&A to ensure long-term shareholder value. Additionally, Declet's involvement in FAA advisory committees positions AgEagle to influence drone regulations and capture emerging market opportunities, signaling a positive outlook for the company.

AgEagle Aerial Systems (NYSE American: UAVS) announced that the Florida Department of Agriculture and Consumer Services (FDACS) has expanded its licensing of the HempOverview Software-as-a-Service platform. This upgrade enables access to a comprehensive suite of technologies for managing hemp registration, oversight, and enforcement.

The expansion reflects a surge in hemp farming in Florida, projected to grow significantly. FDACS is also working with AgEagle to create a custom registration platform for over 500 endangered and commercially exploited plant species, reflecting the agency's commitment to environmental protection.

AgEagle Aerial Systems Inc. (NYSE American: UAVS) is set to join the Russell 3000 Index effective after the U.S. market close on June 25, 2021. This inclusion, part of the annual Russell Index reconstitution, positions AgEagle among the largest U.S. stocks by market capitalization. CEO Brandon Torres Declet expressed optimism, noting the potential for enhanced visibility within the institutional investment community. Russell's indexes are significant, with around $10.6 trillion in assets benchmarked against them, indicating the potential impact on AgEagle's market performance.

AgEagle Aerial Systems (NYSE American: UAVS) announced significant management changes, promoting Jesse Stepler to President of Measure Global following its acquisition of Measure. Scott Lumish joins AgEagle as Senior Vice President of Sales and Business Development, bringing over 30 years of experience in drone software markets. Andrea CinqMars has also been appointed as Director of Marketing. These appointments aim to bolster AgEagle's leadership and operational capabilities in the rapidly evolving drone industry, providing promising growth prospects for the company.