Quarterly ResultAug 10, 2026, 04:41 PM
Draganfly Q2 Revenue +26%; Wins Defense Contracts, Acquires Tech
AI Summary
Draganfly Inc. announced its second quarter 2026 financial results, reporting a 26.0% year-over-year revenue increase to $2,664,237. Despite revenue growth, the company posted a comprehensive loss of $11,831,664, significantly wider than the previous year, partly due to non-cash items and increased operating costs. Concurrently, Draganfly secured new contracts with the U.S. Department of War, acquired Skip Dynamix's fixed-wing drone technology, launched new optical payloads, and entered a distribution agreement with ACSL for the Japanese market, expanding its strategic footprint.
Key Highlights
- Q2 2026 revenue increased 26.0% year-over-year to $2,664,237.
- Q2 2026 comprehensive loss was $11,831,664, significantly higher than Q2 2025.
- Gross profit rose 5.7% to $533,149, but gross margin decreased to 20.0%.
- Secured new U.S. Department of War contracts for Flex FPV and counter-UAS systems.
- Acquired Skip Dynamix's fixed-wing drone technology and intellectual property.
- Launched Draganfly Blitz™ advanced optical payloads and partnered with ACSL for Japan.
- Cash balance on June 30, 2026, was $131,908,197, up from $90,156,821.
Price Impact
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