Draganfly Inc (NASDAQ:DPRO), a high-flyer in the commercial drone world, has soared to new heights with its first-quarter revenue for 2024, boasting a 45% increase from the previous quarter. CEO Cameron Chell proudly shared the news of Q1 revenues hitting $1.3 million, accompanied by a gross profit of $280,000—a tidy 21% margin. The company’s coffers were well-stocked with a $4 million cash balance by quarter’s end, sweetened by an additional $3.5 million infusion thereafter. Chell also spotlighted Draganfly’s strategic alliances, military contract aspirations, and industry accolades, cementing the company’s status as a rare breed of drone manufacturers capable of keeping pace with surging market demands.
Draganfly Soars: Q1 Revenue Skyrockets by 45%, CEO Highlights Strategic Successes
