Draganfly Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Draganfly (CSE:DPRO) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.89m (down 12% from 3Q 2023).
• Net loss: CA$200.2k (loss narrowed by 96% from 3Q 2023).
• CA$0.06 loss per share (improved from CA$3.13 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Draganfly EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 95%.

Looking ahead, revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Canada.

Performance of the Canadian Aerospace & Defense industry.

The company's shares are up 9.0% from a week ago.

Risk Analysis

Be aware that Draganfly is showing 6 warning signs in our investment analysis and 4 of those are a bit unpleasant...

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