Draganfly Announces Q3 Results and Record Nine Months Ended Sep 30/22 Revenue


As at   September 30, 2022   December 31, 2021 
Total assets   $ 29,355,617   $42,113,240 
Working capital     18,500,922    26,836,922 
Total non-current liabilities     372,666    465,214 
Shareholders’ equity   $ 26,828,165   $34,926,239 
         
Number of shares outstanding     33,801,531    33,168,946 

Notes:

(1) The net income (loss) and comprehensive income (loss) for the three and nine months ended September 30, 2022, include a non-cash gain in fair value of derivative liability of $305,094 and 5,168,672 and a recovery on impairment of notes receivable of $nil and $771,260 respectively. The net income (loss) and comprehensive income (loss) for the three and nine months ended September 30, 2022 would otherwise have been a loss of $5,645,909 for the net loss, and a loss of $5,297,627 for the comprehensive loss, and a net loss of $17,009,767 and a comprehensive loss of 16,584,635 for the nine months ended September 30, 2022.
(2) Shareholders’ equity and working capital as at September 30, 2022, include a fair value of derivative liability of $391,330 and would otherwise be $27,219,495 and $18,892,252, respectively.

    2022 Q3   2022 Q2  2021 Q3 
Revenue   $ 1,876,221   $2,370,115  $1,896,992 
Cost of goods sold   $ (1,249,313 ) $(1,356,526) $(1,123,942)
Gross profit   $ 626,908   $1,013,589  $773,050 
Gross margin – percentage     33.4 %  42.8%  40.80%
Operating expenses   $ (7,007,691 )   $ (7,176,445 )   $ (8,006,957 )
Operating income (loss)   $ (6,380,783 )   $ (6,162,856 )   $ (7,233,907 )
Operating loss per share - basic   $ (0.19 )   $ (0.19 )   $ (0.25 )
Operating loss per share - diluted   $ (0.19 )   $ (0.19 )   $ (0.23 )
Other income (expense)   $ 1,039,968     $ 6,638,171     $ 31,135,835  
Change in fair value of derivative liability *   $ 305,094     $ 6,094,438     $ 30,562,044  
Other comprehensive income (loss)   $ 348,282     $ 165,009     $ 73,472  
Comprehensive income (loss)   $ (4,992,533 )   $ 640,324     $ 23,975,400  
Comprehensive income (loss) per share - basic   $ (0.15 )   $ 0.02     $ 0.82  
Comprehensive income (loss) per share - diluted   $ (0.15 )   $ 0.02     $ 0.77  



Featured Video
Jobs
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Upcoming Events
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024
Commercial UAV Expo 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025
Commercial UAV Expo 2025 at RAI Amsterdam Amsterdam Netherlands - Apr 8 - 11, 2025
BI2025 - 13th Annual Building Innovation Conference at Ritz-Carlton Tysons Corner McLean VA - May 19 - 21, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise