Canada's Draganfly Q1 revenue rises on growing demand for drone solutions

Draganfly

11/05/2026 22:13

Overview

Canada drone solutions developer's Q1 revenue grew 49% yr/yr

Gross margin for Q1 fell to 15% from 20%, impacted by sales mix and inventory write-down

Company reported wider comprehensive loss, driven by increased costs and share issuance expense

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

PRODUCT SALES GROWTH - Revenue and product sales rose sharply from the prior year, driven by increased demand for drone solutions

SALES MIX AND INVENTORY WRITE-DOWN - Gross margin declined due to the mix of products sold and a one-time non-cash inventory write-down

HIGHER OPERATING COSTS AND SHARE ISSUANCE EXPENSE - Wider comprehensive loss was driven by increased office, employee, and travel costs, and a share issuance cost related to a derivative liability

Company press release: ID:nGNXbwcJCq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Margin
15.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Draganfly Inc is C$13.00, about 72.4% above its May 8 closing price of C$7.54

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)