Draganfly (NASDAQ:DPRO) Posts Earnings Results, Misses Estimates By $0.02 EPS

Draganfly (NASDAQ:DPRO) released its quarterly earnings data on Monday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02), Zacks reports. Draganfly had a negative return on equity of 45.65% and a negative net margin of 294.03%.

Here are the key takeaways from Draganfly’s conference call:

• Q1 revenue rose 49.8% year over year to about CAD 2.3 million, driven mainly by product sales, while gross profit improved and adjusted gross margin increased to 19.6% from 17.5% last year.
• The company ended the quarter with a very strong cash balance of over CAD 147 million and working capital of CAD 154.4 million, giving it significant financial flexibility and minimal debt.
• Management highlighted several military and defense wins in the quarter, including U.S. Army FPV drone orders, international Commander 3XL orders, a Palantir AI-related swarming project, and sales to U.S. border counties and a Fortune 50 telecom customer.
• Draganfly emphasized that it has been selected by additional Department of War special operations units, and management said these relationships could translate into materially larger orders over time, potentially in the tens of millions.
• Management reiterated a pragmatic, selective growth strategy focused on interoperable drone platforms, strategic partnerships, and future M&A, while saying it does not expect to need additional financing in the near term unless for a major acquisition or unusually large order.

Draganfly Trading Up 1.1%

Shares of NASDAQ:DPRO traded up $0.06 during mid-day trading on Monday, reaching $5.54. The stock had a trading volume of 2,005,076 shares, compared to its average volume of 2,026,263. The company has a market cap of $190.44 million, a P/E ratio of -4.26 and a beta of 2.58. Draganfly has a 1 year low of $1.63 and a 1 year high of $14.40. The business’s 50 day moving average price is $5.90 and its 200 day moving average price is $7.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. LADENBURG THALM/SH SH raised Draganfly to a “strong-buy” rating in a research note on Wednesday, May 6th. Needham & Company LLC dropped their price objective on Draganfly from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Northland Securities set a $20.00 target price on Draganfly in a research report on Thursday, January 15th. Finally, HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Draganfly in a research report on Monday, March 30th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, Draganfly currently has a consensus rating of “Strong Buy” and an average price target of $16.25.

Institutional Investors Weigh In On Draganfly

A number of hedge funds have recently made changes to their positions in DPRO. Concentric Capital Strategies LP purchased a new stake in shares of Draganfly in the fourth quarter worth about $1,569,000. Vident Advisory LLC purchased a new stake in Draganfly during the fourth quarter valued at approximately $813,000. Virtu Financial LLC purchased a new stake in Draganfly during the third quarter valued at approximately $894,000. Marshall Wace LLP purchased a new stake in Draganfly during the fourth quarter valued at approximately $751,000. Finally, Scientech Research LLC purchased a new stake in Draganfly during the third quarter valued at approximately $514,000. 10.39% of the stock is currently owned by hedge funds and other institutional investors.

Draganfly Company Profile

Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.

The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.