Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to: the Company’s arrangement with Volatus Aerospace to integrate Volatus' advanced Bathymetric LiDAR technology with Draganfly's Heavy Lift Drone for a pilot project in oil and gas exploration as well as the expanded collaboration to address the growing demand for automated geospatial data collection and analysis solutions in the utility infrastructure sector; the obtention of a waiver from the FAA under 14 CFR §§ 107.39 and 107.145, allowing its drones to operate over people and moving vehicles; the establishment of a new U.S.facility in Tampa, Florida, strategically positioned near key military and government clients; and financial condition, the successful integration of technology, the inherent risks involved in the general securities markets; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties disclosed under the heading "Risk Factors" in the Company’s most recent filings filed with securities regulators in Canada on the SEDAR website at The Company undertakes no obligation to update forward-looking information except as required by applicable law.
As at March 31, 2025 December 31, 2024Total assets $6,919,097$10,200,088Working capital 705,243 3,846,283Total non-current liabilities 296,067 342,013Shareholders’ equity $1,476,648$4,621,783Number of shares outstanding 5,433,824 5,427,795 Shareholders’ equity and working capital as at March 31, 2025, includes a fair value of derivative liability of $2,040,291 (2024 - $2,198,121) and would otherwise be $3,516,939 (2024 - $6,819,904) and $2,745,534 (2024 - $6,044,404), respectively. 2025 Q1 2024 Q4 2024 Q1Revenue$1,547,715 $1,613,162 $1,329,581 Cost of sales(2)$(1,237,627)$(1,397,422)$(1,049,570)Gross profit(3)$310,088 $215,740 $280,011 Gross margin – percentage 20.0% 13.4% 21.1%Operating expenses$(3,911,035)$(4,085,766)$(3,530,933)Operating income (loss)$(3,600,947)$(3,870,026)$(3,250,922)Operating loss per share - basic$(0.66)$(0.91)$(1.47)Operating loss per share - diluted$(0.66)$(0.91)$(1.47)Other income (expense)$176,122 $(851,896)$1,387,114 Change in fair value of derivative liability (1)$157,830 $(946,116)$1,817,569 Other comprehensive income (loss)$(8,887)$5,991 $(20,608)Comprehensive income (loss)$(3,433,712)$(4,715,931)$(1,884,416)Comprehensive income (loss) per share - basic$(0.63)$(1.11)$(0.86)Comprehensive income (loss) per share - diluted$(0.63)$(1.11)$(0.86) (1) Included in other income (expense).(2) Cost of goods sold includes non-cash inventory write downs of, $167,515 in Q4 2024 and a recovery of a write down of inventory of $38,666 in Q1 2025 and would have been $1,229,907 in Q4 2024 and $1,276,293 in Q1 2025 before these write downs.(3) Gross profit would have been $383,255 in Q4 2024 and $271,422 in Q1 2025 without the write downs in number 2 above. (4) Cost of goods sold includes non-cash inventory write downs of $148,760 in Q1 2024 and would have been $900,810 in Q1 2024 before these write downs.(5) Gross profit would have been $428,771 in Q1 2024 without the write downs in number 4 above.
Registration for the call can be done Here Selected financial information is outlined below and should be read with Draganfly’s consolidated financial statements for the quarter ended March 31, 2025, and associated management discussion and analysis, which will be available under the Company's profile on SEDAR at filed on EDGAR at Three months ended March 31, 2025 2024 Total revenues $1,547,715 $1,329,581 Gross Margin (as a % of revenues) (1) 20.0% 21.1%Net income (loss) (3,424,825) (1,863,808)Net income (loss) per share ($) Basic (0.63) (0.85) Diluted (0.63) (0.85)Comprehensive income (loss) (3,433,712) (1,884,416)Comprehensive income (loss) per share ($) Basic (0.63) (0.86) Diluted (0.63) (0.86)Change in cash and cash equivalents $(4,126,306)$1,246,124 (1) Gross Profit (as a % of revenues) would have been 17.5% and 32.2% not including a non-cash recovery of a write down of inventory of $38,666 and a non-cash write down of inventory of $148,760 respectively for the three month period ending March 31 2025 and 2024, respectively.
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