GlobeNewswire·Nov 10, 2026, 5:00 PM ET

Draganfly Announces Third Quarter Results

DPRO

Draganfly Inc. reported Q3 2026 revenue of $2,048,425, a 5.0% year-over-year decrease driven by lower services revenue, while product sales remained flat at $1,612,329.
Reported gross profit for the quarter was $128,957 (6.3% margin), a 69.4% decline from the prior year period, primarily due to a one-time non-cash inventory write-down of $366,609.
Comprehensive loss for Q3 2026 was $13,032,744, with the year-over-year increase attributed to higher office, travel, share-based payments, & employee costs.
The company's cash balance increased to $128,605,465 as of September 30, 2026, compared to $90,156,821 at the end of 2025.
Draganfly secured a contract with the Government of Canada to supply up to 5,000 tactical ISR unmanned aerial systems to the Canadian Armed Forces & achieved qualification across all five capability streams of Canada's Defence Drone Initiative Marketplace.
The company received an FAA Section 44807 exemption allowing its Heavy Lift drone platform to operate above the standard 55-pound weight threshold in U.S. airspace.
Draganfly was selected by the Small & Rural Law Enforcement Executives Association to support a drone implementation program for U.S. law enforcement agencies.
Strategic investments totaling $10 million were secured from Unusual Machines & a leading U.S. investment fund to support growth initiatives.
Key leadership appointments included Brigadier General AJ Pasagian (Ret.) as President of Draganfly Defense USA & Colonel Kevin Leblond (Ret.) as Vice-President, Canadian Defence and Security.
The company is prioritizing larger-scale defence & government opportunities, accepting lower short-term revenue to secure long-term value through complex procurement cycles.

Company: Draganfly Inc
Keywords: Nasdaq:DPRO, Draganfly Inc, Draganfly Inc., NASDAQ: DPRO, CSE: DPRO, FSE: 3U8, Third Quarter Results, award-winning, drone solutions, systems developer