Q2 2026 Draganfly Inc Earnings Call Transcript
Key Points
- Record Q2 2026 revenue of $2.664 million, a 26% year-over-year increase, driven by strong product sales.
- Exclusive partnership with IACLEA to provide drone and counter-drone training and products to 3,000 campus law enforcement agencies, with an immediate pipeline of over 50 campuses.
- Strategic acquisition of Skip Dynamix brings top-tier FPV expertise and a scalable, low-cost fixed-wing drone (ORCA) positioned for medium- and long-range strike markets.
- Awarded a DEVCOM contract for an ultra-light counter-drone system, with potential for hundreds of millions in revenue from U.S. and international markets.
- Strong balance sheet with $131.9 million in cash and minimal debt, providing ample resources to scale operations and meet anticipated demand.
- Total comprehensive loss widened to $11.8 million in Q2 2026, up from $4.7 million in the prior year, due to increased operating costs.
- Adjusted gross margin declined to 21.7% from 24.3% year-over-year, reflecting a less favorable product and services mix.
- Revenue ramp continues to face delays as customers refine specifications, leading to redesigns and slower order fulfillment.
- The company is still in early stages of rolling out key partnerships (e.g., IACLEA) and expects meaningful revenue contribution only by mid-2027.
- Increased operating expenses (office, admin, R&D, professional fees) are outpacing revenue growth, pressuring near-term profitability.
Hi, everybody. Welcome to our Q2 2026 earnings call. We'll just give this a minute. We just started it, but just letting people file in the room, and then we'll get started.
Thank you. All right. I think to be respectful of everyone's time, we will get started just as people are still starting to file in. So as always, welcome and greetings to all the shareholders and stakeholders who always tend to join us on these calls. This time is the Draganfly 2026 Q2 earnings call. My name is Rolly Bustos. I'm the Internal Investor Relations rep here at Draganfly. We appreciate you all joining us as always.
We'll start with our CEO and President, Cameron Chell. He'll be talking about and recapping the second quarter. Next up will be a detailed financial review with our CFO, Paul Sun. We'll then conclude by addressing the pre-submitted questions we've received. As always, you're welcome to reach out to me directly at [email protected], if we didn't get to your question today.
I remind everyone that this presentation may
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