Sector: Industrials | Industry: Aerospace & Defense |
Company Contact | |
Address: | 2108 St. George Avenue SASKATOON SK S7M 0K7 |
Tel: | N/A |
Website: | https://draganfly.com |
IR: | See website |
Key People | ||
Cameron B. Chell President, Chief Executive Officer, Director | Paul Sun Chief Financial Officer | Paul Mullen Chief Operating Officer | Deborah Greenberg Chief Legal and Corporate Services Officer and Corporate Secretary |
Business Overview |
Draganfly Inc. is a Canada-based creator of drone solutions, software, and artificial intelligence (AI) systems. The Company's segments include Drones, Vital (Vital Intelligence), and Corporate. The Drones segment includes products and services related to the sale of unmanned aerial vehicles (UAV). The Vital Intelligence segment is engaged in the sale of products that measure vitals to help detect symptoms from large groups of people from a distance. The Company creates unmanned and remote data collection and analysis platforms and systems. The Company manufactures and sells a range of multi-rotor helicopters, industrial aerial video systems, and civilian small unmanned aerial systems or vehicles. Its products include the Heavy Lift Drone, Long-range LiDAR, Commander 3 XL, Commander 2, Quantix Mapper, Draganflyer X4-P, and others. Its services include custom engineering, training, flight services, data services, enterprise drone solutions, and spraying services. |
Financial Overview |
For the fiscal year ended 31 December 2023, Draganfly Inc revenues decreased 14% to C$6.6M. Net loss decreased 15% to C$23.6M. Revenues reflect Drones segment decrease of 17% to C$6.2M, Canada segment decrease of 11% to C$6.2M, United States segment decrease of 43% to C$392K. Lower net loss reflects Loss on impairment of goodwill and intan decrease from C$6.5M (expense) to C$0K, Professional fees decrease of 39% to C$4.1M (expense). |
Employees: | 54 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $18.07M as of Dec 31, 2023 |
Annual revenue (TTM): | $6.55M as of Dec 31, 2023 |
EBITDA (TTM): | -$22.07M as of Dec 31, 2023 |
Net annual income (TTM): | -$23.61M as of Dec 31, 2023 |
Free cash flow (TTM): | -$15.54M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 63,393,221 as of Mar 26, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |