Draganfly Inc. announced its first quarter financial results for 2025 on May 8, 2025, reporting revenue of $1,650,000. This represents a 17.9% increase compared to $1,400,000 in the first quarter of 2024.
The company's gross profit for Q1 2025 was $232,756, resulting in a gross margin of 14.1%. When adjusted for a non-cash recovery of an inventory write-down of $38,666, the gross profit would have been $271,422, with an adjusted gross margin of 17.5%.
Draganfly reported a comprehensive loss of $3,500,000 for the quarter, an improvement from a $4,700,000 loss in Q1 2024. Shareholders' equity as of March 31, 2025, was $1,476,648, and working capital stood at $1,005,243, excluding derivative liabilities.
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