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WICHITA, Kan. - AgEagle Aerial Systems Inc. (NYSE: UAVS), a prominent provider of unmanned aerial systems (UAS) and related technology, has appointed Alison Burgett as its new Chief Financial Officer, effective last Thursday. Bringing over two decades of experience in financial leadership, Burgett’s expertise is expected to play a crucial role in guiding the company through its next growth phase. The appointment comes at a critical time for the company, which currently has a market capitalization of $13.59 million and generated revenue of $13.39 million in the last twelve months.
Burgett transitions to the CFO role from her position as Controller, a role she has held since April 2024. Her responsibilities included managing financial reporting, internal controls, and regulatory compliance. AgEagle’s CEO, Bill Irby, praised Burgett’s prior contributions and expressed confidence in her ability to steer the company’s financial strategy, emphasizing her strong performance and strategic insights. According to InvestingPro data, the company faces financial challenges with negative EBITDA of $9 million and rapidly depleting cash reserves.
Burgett’s appointment comes as AgEagle aims to expand its market presence and operational efficiency, intending to deliver long-term value to its shareholders. In her new role, Burgett will leverage her experience in corporate finance, strategic planning, and operational efficiency to support AgEagle’s vision and implement sound financial strategies to foster disciplined growth.
Prior to her tenure at AgEagle, Burgett held significant finance leadership roles at Cente Corporation, Republic Services, Inc., and Providence Service Corporation. She holds an undergraduate degree in Accounting from the University of Phoenix and an MBA from Boise State University.
AgEagle, founded in 2010, initially focused on drones and data analytics for agriculture but has since become a key player in providing comprehensive UAS solutions for various industries, including energy, construction, government, and agriculture. The company’s stock has faced significant headwinds, with a year-to-date decline of 69.45% and currently trades at $1.06. InvestingPro analysis reveals 11 additional key insights about AgEagle’s financial health and market position, available to subscribers.
The company expressed gratitude to Adrienne Anderson for her interim CFO services and wished her success in future endeavors. This leadership change is part of AgEagle’s strategy to enhance its financial infrastructure and maintain its position as a leader in aerial intelligence solutions. For comprehensive analysis of AgEagle’s financial metrics and growth potential, investors can access detailed reports and Fair Value estimates through InvestingPro.
This announcement is based on a press release statement from AgEagle Aerial Systems Inc. The company cautions that certain forward-looking statements in the release are subject to risks and uncertainties, and actual results may differ due to various factors.
In other recent news, AgEagle Aerial Systems Inc. has made several noteworthy announcements. The company completed its largest sensor sale to date, delivering 60 RedEdge-P Multispectral Sensors to an East Asian reseller, marking a significant milestone in its operational history. AgEagle also introduced the eBee VISION 2.1.0 application software, which enhances mapping capabilities and situational awareness for defense and commercial use, including features like high-definition real-time video surveillance and GNSS-denied operations. Additionally, AgEagle participated in the Enforce Tac trade fair in Germany, showcasing its eBee VISION and eBee TAC systems, which are designed for tactical flexibility and cyber security compliance. In leadership updates, AgEagle appointed Steve Mathias as Vice President of Global Sales and Business Development and Erik de Badts as Global Head of MicaSense Sales, aiming to strengthen its global sales strategy. The company also demonstrated its eBee VISION drone at the 173rd Airborne Brigade’s Innovation Symposium, emphasizing its value for real-time visual intelligence in military operations. These developments reflect AgEagle’s ongoing efforts to expand its market presence and accelerate revenue growth.
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