Quarterly ResultAug 10, 2026, 04:20 PM
Draganfly H1 Net Loss $17.66M; Revenue Up 36%; Acquires Skip Dynamix
AI Summary
Draganfly Inc. reported a net loss of $17.66 million for the six months ended June 30, 2026, widening from $8.19 million in the prior year, despite a 36% increase in total revenue to $4.98 million. The company's cash and cash equivalents significantly increased to $131.91 million, largely due to $63.03 million in financing activities. Draganfly also acquired Skip Dynamix for $2.52 million USD, adding fixed-wing drone capabilities.
Key Highlights
- Total revenue for H1 2026 increased 36% to $4,976,590 from $3,662,970 in H1 2025.
- Net loss for H1 2026 widened to $(17,661,700) from $(8,186,986) in H1 2025.
- Net loss per share for H1 2026 was $(0.51), an improvement from $(1.23) in H1 2025.
- Cash and cash equivalents stood at $131,908,197 as of June 30, 2026.
- Acquired Skip Dynamix for $2,523,255 USD in cash on June 9, 2026.
- Cash provided by financing activities totaled $63,034,185 for H1 2026.
- Total assets increased to $154,025,219 as of June 30, 2026.
- Share-based payments expense rose to $5,168,279 for H1 2026 from $664,334.
Price Impact
More from DPRO