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Nasdaq:DPRO

Press Release: Draganfly announces third quarter results and nine month record |

#Draganfly #announces #quarter #results #month #record

Los Angeles, California, Nov. 9, 2022 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading developer of drone solutions and systems, is pleased to report its third quarter financial results Results. Third quarter revenue was driven by strong product sales.

Key financial and operational highlights for Q3 2022:

Revenue for the third quarter of 2022 was $1,876,221 with product sales accounting for $1,359,986 with the remainder coming from drone services sales.
Gross profit for the third quarter of 2022 was $626,908. Gross margin percentage for Q3 2022 was 33.4% compared to 40.8% for Q3 2021 driven by sales mix of products sold.
The Company recorded an aggregate loss of $4,992,533 for the third quarter of 2022 compared to income of $23,975,400 for the same period in 2021. The aggregate loss for the period includes a non-cash gain on the fair value of the derivatives liability of from $305,094…

Read on GNW: Draganfly announces third quarter results and nine month record

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