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TAMPA, Fla. - Draganfly Inc. (NASDAQ: DPRO), a prominent developer of drone solutions and systems with a market capitalization of $14.32 million and trailing twelve-month revenue of $4.71 million, has announced the initial delivery of its Flex FPV (First Person View) systems to a major U.S. military prime contractor. The systems are intended to support allied forces’ land operations. According to InvestingPro data, the company’s stock has gained over 9% in the past week, reflecting growing investor interest in its military contracts.
The Flex FPV drone, notable for its modular design, allows for rapid interchangeability of arms and propellers without the need for specialized tools, offering versatility for various mission requirements. It boasts speeds over 149 kilometers per hour and can carry payloads up to 10 pounds, which can be attached using picatinny rails or custom mounts. InvestingPro analysis shows the company maintains a strong balance sheet with more cash than debt, supporting its product development initiatives.
Cameron Chell, President and CEO of Draganfly, stated that the Flex FPV system was developed from the company’s experiences in Ukraine and has been refined through extensive testing with defense partners. Chell expressed pride in the deployment of the system by a leading defense contractor.
Launched in 2024, the Flex FPV has been evaluated by multiple militaries for its capability in reconnaissance, training, defense, and public safety applications. The current order includes a combination of core units and modular components tailored to the specific needs of the end user.
Draganfly continues to see increased demand for its unmanned aerial systems (UAS) within the defense and public safety sectors. Analysts project 63% revenue growth for fiscal year 2025, according to InvestingPro data. The company, with over two decades of experience, is recognized for its innovative drone technology and commitment to North American manufacturing. For detailed analysis and 13 additional ProTips about DPRO’s financial health and market position, investors can access the comprehensive Pro Research Report on InvestingPro.
The information in this article is based on a press release statement from Draganfly Inc., which is listed on NASDAQ, CSE, and FSE under the ticker DPRO.
In other recent news, Draganfly Inc reported its Q1 2025 earnings, revealing a 16.4% increase in revenue year-over-year, totaling $1.55 million. Despite this growth, the company faced a comprehensive loss of $3.4 million, highlighting ongoing financial challenges. Draganfly’s gross profit stood at $310,000, with an adjusted gross margin of 17.5%, down from 32% the previous year. The company maintains a cash balance of $2.21 million, while total assets decreased from $10.2 million to $6.9 million. Draganfly aims for profitability with revenue targets of $35–40 million, supported by a large contract funnel exceeding $100 million. The company unveiled the Apex Drone and secured strategic partnerships in demining and public safety, signaling a push towards expanding its market share. CEO Cameron Shell emphasized the company’s focus on sales to achieve profitability, with a strong outlook for future growth.
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