Quarterly ResultAug 10, 2026, 04:46 PM
Draganfly Q2 Revenue Up 26% to $2.66M; Strategic Deals Announced
AI Summary
Draganfly Inc. announced record second-quarter financial results for 2026, with revenue increasing 26.0% year-over-year to $2,664,237 and product sales up 34.6%. Gross profit rose 5.7% to $533,149, though gross margin percentage decreased to 20.0%. The company reported a comprehensive loss of $11,831,664, significantly higher than the previous year, partly due to non-cash items and increased operating costs. Operationally, Draganfly secured a distribution agreement with ACSL, saw its Flex FPV system selected by U.S. Department of War units, launched the Draganfly Blitz™ optical payloads, and completed the acquisition of Skip Dynamix's fixed-wing drone technology.
Key Highlights
- Revenue for Q2 2026 was $2,664,237, a 26.0% year-over-year increase.
- Product sales were up 34.6% over the same period last year to $2,560,378.
- Gross profit for Q2 2026 was $533,149, up 5.7% from Q2 2025.
- Comprehensive loss for Q2 2026 was $11,831,664, including non-cash items.
- Cash balance on June 30, 2026, was $131,908,197, up from $90,156,821 on Dec 31, 2025.
- Entered exclusive distribution and development agreement with ACSL for Japanese drone systems.
- Flex FPV system selected by two additional U.S. Department of War units.
- Acquired Skip Dynamix's fixed-wing drone technology, IP, and infrastructure.
Price Impact
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