Draganfly Inc (TSE:DPRO) has released an update.
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Draganfly Inc. announced a significant improvement in its 2023 financial results, with a 161.1% increase in gross profit and a comprehensive loss reduction of nearly 70% from the previous year. Despite a decrease in total revenue and product sales due to a strategic shift towards newer production capabilities and the commercialization of flagship drones, the company successfully increased its gross margin to 31.5%. Draganfly also highlighted key developments such as receiving a Special Flight Operations Certificate for advanced drone testing and participating in high-profile events and discussions on emerging technologies for disaster risk reduction.
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