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Wednesday, May 25, 2022

Receipt of Order: Draganfly Inc. (DPRO) Stock Rocketing in Premarket Session.

Draganfly Inc. (DPRO) is the provider and developer of novel and best quality drone systems, and ML solutions that transform the way enterprises can serve their stakeholders. The company is a leading and award-winning industry service provider for the safety and health of the public, along with mining, security, mapping, and surveys.


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DPRO stock price on the regular trading session of March 21, 2022, declined by 1.76% to be $1.67. Its price swelled as of the writing in the premarket session of March 22, 2022, by 88.6%.

DPRO: Events and Happenings

On March 22, 2022, DPRO updated on receipt of an order from Coldchain Delivery Systems, for its Medical Response and Search and Rescue Drones, for Revived Soldiers Ukraine’s instant deployment. On March 8, 2022, DPRO announced that its Trophy Truck will compete in 2022’s BF Goodrich Tires Mint 400 race. The truck will be driven by Ryan Arciero.

On February 23, 2022, DPRO reported that it launched Access & Healthcare Solutions along with its key collaborator Fobi AI Inc on March 1, 2022. Fobi is a provider of data analytics in real-time via AI to quicken operational efficacies and profitability. On February 22, 2022, DPRO stated about the disinfection of its 500,000th seat utilizing exclusive pathogen and surface sanitation spray.

DPRO: Key Financials

DPRO released its Q3 2021 financials on November 9. 2021, for the quarter ended September 30, 2021. Some important aspects are mentioned below.

Revenue

The company posted revenue of $1.89 million in Q3 2021 versus $1.45 million in the corresponding third quarter of 2020. The company observed a gain of 30.5% in its revenue over the year.

EPS

Net loss per share (diluted) for Q3 2021 was $23.8 million or $0.74 compared to $2.45 million or $0.16 in the corresponding quarter in 2020. The company’s EPS gained significantly over the year.

Conclusion

DPRO stock is 3% down the year-to-date span. Its recent premarket stock leap is phenomenal and is the result of a recent order from Coldchain delivery system. The company’s management is hopeful that its latest stock position will help the investors to choose it.

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