Draganfly Inc (NAS:DPRO)

Q4 2024 Draganfly Inc Earnings Call Transcript

Mar 27, 2025 / 09:30 PM GMT

Release Date Price: $3.05 (-0.33%)

Transcript

Key Points

Positve

Draganfly Inc (DPRO) reported a 76% increase in Q4 revenue year-over-year, indicating strong growth in the last quarter.
The company has successfully completed phase one of a pilot program with Mass Brigham General for medical drone delivery, receiving FAA waivers to operate in Boston airspace.
Draganfly Inc (DPRO) unveiled its NDAA compliant Flexor FPV system, which is now operational and has been deployed in theater.
The company has strengthened its leadership team with notable additions, including former White House Chief of Staff Andy Card and former acting Secretary of Defense Chris Miller.
Draganfly Inc (DPRO) has expanded its international presence by signing an Australian distributor and making inroads into the government and commercial markets there.

Negative

Despite the Q4 revenue increase, the overall annual revenue remained flat due to capacity constraints earlier in the year.
The company's gross profit decreased year-over-year, with adjusted gross margin dropping from 36.5% in 2023 to 30.9% in 2024.
Draganfly Inc (DPRO) reported a comprehensive loss of $14.06 million for the year, although this was an improvement from the previous year's loss.
The company is still not profitable and does not expect to achieve profitability until at least 2026.
There is ongoing uncertainty regarding the impact of tariffs and geopolitical tensions on the company's operations, although current effects have been minimal.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DPRO.CD - Draganfly Inc
Q4 2024 Draganfly Inc Earnings Call
Mar 27, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everybody and welcome to the Dragonfly earnings call. We apologize for the late start. We had a little bit of technical difficulty on our end, but looks like we have it settled now and because we have a few minutes late, I think we will get started immediately.

So again, welcome and greetings to all shareholders, stakeholders to today's Dragonfly 2024 Q4 and full year earnings call. Again, my name is Roly Bustos. I am the internal investor relations representative here at Dragonfly. We appreciate you all joining us. We'll start with our CEO and President Cameron Shell recapping the fourth quarter and full year 2024 earnings headlines.

Next will be a more detailed financial review with our CFO Paulun. We will then conclude

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