Street Calls of the Week
SASKATOON - Draganfly Inc. (NASDAQ:DPRO) (CSE:DPRO), a $91.56 million market cap drone manufacturer with a strong balance sheet showing more cash than debt, announced Tuesday it is positioned to support Canada’s newly announced military aid package to Ukraine, which includes over $220 million dedicated to drone and counter-drone capabilities. According to InvestingPro data, the company’s stock has surged over 67% in the past six months, reflecting growing investor confidence in its military contracts.
The $220 million allocation for advanced UAV solutions is part of a larger $2 billion military aid package announced by Prime Minister Mark Carney during his visit to Kyiv on Ukraine’s independence anniversary.
Draganfly, which describes itself as the world’s oldest dual-use drone manufacturer with 27 years of experience, has been active in Ukraine since 2022. The company’s capabilities include tactical multidrop payload systems, ISR and threat detection drones, counter-drone technologies, and landmine detection systems.
"Canada’s bold investment in Ukraine’s sovereignty is not just a political commitment, it’s a call to action for Canadian innovation and defence excellence," said Cameron Chell, CEO of Draganfly, in the press release.
The government’s funding includes support for joint ventures between Canadian and Ukrainian defense companies, an area where Draganfly says it can contribute through its engineering expertise and experience supporting allied nations.
The company highlighted its various military-grade capabilities, including systems developed for the MMS Mjolnir platform recently showcased at a Pentagon event, and landmine detection drones developed in partnership with SafeLane Global. With a healthy current ratio of 5.29 and analysts projecting 39% revenue growth for the current fiscal year, Draganfly appears well-positioned to execute on these opportunities. InvestingPro subscribers can access 12+ additional key insights about Draganfly’s financial health and growth prospects.
Draganfly stated it continues to expand its capabilities through defense contracts, R&D investments, and partnerships with defense integrators across NATO-aligned nations.
The announcement comes as Canada accelerates joint production initiatives with Ukraine as part of its long-term support for the country’s defense needs, according to the company statement. For investors seeking deeper analysis of Draganfly’s potential in the defense sector, InvestingPro offers a comprehensive research report with detailed financial metrics and growth projections, part of its coverage of 1,400+ US equities.
In other recent news, Draganfly Inc. reported a notable 37% increase in revenue for the second quarter of 2025 compared to the previous quarter, with a 22% rise year-over-year. The company’s cash position strengthened significantly, reaching $68 million following recent financing efforts. Despite these financial improvements, Draganfly recorded a comprehensive loss of $4.7 million, which marks an improvement from the $7.1 million loss in the same quarter of the previous year. These developments come amid a slight 1% decline in the company’s stock during aftermarket trading. Analyst firms have not provided any upgrades or downgrades in response to these earnings. Investors may find the revenue growth and improved cash position noteworthy, despite the ongoing losses. These recent developments could influence future assessments by analysts and investors alike.
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