Welcome to our dedicated page for Ageagle Aerial news (Ticker: UAVS), a resource for investors and traders seeking the latest updates and insights on Ageagle Aerial stock.
AgEagle Aerial Systems Inc. (UAVS) delivers cutting-edge drone solutions for precision agriculture, combining UAV technology with advanced data analytics. This page serves as the definitive source for official company news, providing stakeholders with timely updates on operational developments and strategic initiatives.
Access curated press releases, financial disclosures, and technology announcements in one centralized location. Key focus areas include multispectral imaging advancements, FAA-compliant drone deployments, and partnerships enhancing agricultural data capabilities. Regular updates cover product launches, corporate milestones, and market expansion efforts.
Investors and industry professionals will find essential updates on UAVS's integrated SaaS platforms, sensor innovations, and regulatory compliance achievements. Content is organized for quick scanning while maintaining technical accuracy, ensuring value for both casual observers and expert analysts.
Bookmark this resource for ongoing insights into how AgEagle continues shaping smart farming through aerial intelligence solutions. Verify critical updates directly from company sources while staying informed about emerging trends in agricultural UAV applications.
AgEagle Aerial Systems (NYSE American: UAVS) has initiated an at-the-market sales agreement with Stifel and Raymond James effective May 25, 2021. This arrangement allows AgEagle to sell up to $100 million of its common stock in at-the-market transactions. A shelf registration statement, filed on February 5, 2021, was approved by the SEC on May 6, 2021. The offering details are accessible via a written prospectus available on the SEC's website.
AgEagle Aerial Systems (NYSE American: UAVS) has announced the appointment of Brandon Torres Declet as the new Chief Executive Officer, effective immediately. He takes over from J. Michael Drozd, who has left the company to pursue other opportunities. The Board of Directors highlighted Torres Declet's extensive experience and leadership capabilities in the drone industry, aiming to leverage his expertise for business growth. Under Drozd's leadership, AgEagle achieved significant milestones, including a 350% increase in shareholder value and a 333% rise in revenues from 2019 to 2020.
AgEagle Aerial Systems (NYSE American: UAVS) reported significant growth in Q1 2021, with revenue jumping to approximately $1.7 million from $391,000 a year earlier, driven by its acquisition of MicaSense and sales of its HempOverview SaaS solution. Gross profit margin improved to 63%, up from 55%. However, the company faced a net loss of $2.9 million, primarily due to increased operating expenses from acquisitions and R&D. As of March 31, 2021, AgEagle held $24.2 million in cash, indicating strong liquidity.
AgEagle Aerial Systems (NYSE: UAVS) will host a webcast on May 17, 2021 at 4:30 p.m. Eastern time to provide a corporate update and share operational highlights. CEO Michael Drozd, CFO Nicole Fernandez-McGovern, and COO Brandon Torres Declet will lead the session. Investors can submit questions via email until May 14, 2021. The event will be streamed live and available for replay. AgEagle specializes in drone solutions, focusing on delivering high-performance technology to various markets, with products made in the USA.
AgEagle Aerial Systems (NYSE American: UAVS) announces its subsidiary MicaSense will participate in AUVSI XPONENTIAL 2021, the largest conference for unmanned systems.
On May 6, 2021, Emily Ciesielski will host a session titled “Image Classification, Irrigation Monitoring & More Using Multispectral & Thermal Imaging” at 1:00 PM ET. Attendees can access the session via the conference’s platform.
MicaSense will also showcase at its virtual booth during the event, connecting with industry leaders and showcasing innovations in drone technology.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) announces the appointment of Brandon Torres Declet as Chief Operating Officer and board member, and Jesse Stepler as Senior Vice President, Strategy and Product at Measure. Torres Declet, co-founder of Measure, brings extensive experience, including leadership roles in government and a strong background in drone operations. His previous successes at Measure include overseeing tens of thousands of drone missions. These appointments are expected to enhance AgEagle's management and operational effectiveness.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) has acquired Measure Global Inc. in a transaction valued at approximately $45 million. This marks AgEagle's third acquisition, aimed at enhancing its capabilities in the drone technology sector. Measure adds its award-winning Ground Control SaaS software to AgEagle’s offerings, targeting commercial and industrial markets, particularly in agriculture. Measure has established relationships with major companies and has been recognized for its growth excellence in drone services. The acquisition is expected to position AgEagle as a leader in end-to-end drone solutions.
AgEagle Aerial Systems Inc. (UAVS) reported significant financial growth for FY 2020, achieving $1.3 million in revenue, a 333% increase from $297,000 in 2019. The boost was driven largely by orders for drone manufacturing for a large ecommerce client and the licensing of its agricultural imaging solutions. Despite a net loss of approximately $4.9 million, the company maintained a strong cash position of $23.9 million at year-end, an increase from $718,000 in 2019. CEO Michael Drozd expressed optimism about the company’s growth strategy in various drone-related markets.
AgEagle Aerial Systems Inc. (NYSE American: UAVS) will host a corporate update webcast on March 31, 2021, at 4:30 p.m. Eastern Time. CEO Michael Drozd and CFO Nicole Fernandez-McGovern will discuss operational highlights and answer investor questions. Interested parties can submit questions via email by March 29, 2021. The webcast will be live-streamed and available for replay. AgEagle, established in 2010, is a leader in commercial drone technology and solutions, focusing on advanced drone tech and agricultural applications.
AgEagle Aerial Systems has expanded its business development team with the appointment of Paul Allen as Vice President and Maribeth Forst as Director. Allen brings extensive experience from Insitu, where he led significant UAS initiatives, including BVLOS operations. Forst, with a 15-year track record, will drive revenue growth for AgEagle's drone systems. CEO Michael Drozd emphasized the importance of attracting top talent to enhance AgEagle’s competitive position in the drone industry.
FAQ
What is the current stock price of Ageagle Aerial (UAVS)?
What is the market cap of Ageagle Aerial (UAVS)?
