AgEagle Announces Second Quarter 2023 Results
WICHITA, Kan., Aug. 15, 2023 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced its financial results for the three and six months ended June 30, 2023.
- WICHITA, Kan., Aug. 15, 2023 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced its financial results for the three and six months ended June 30, 2023.
- Revenues totaled $3.28 million for the three months ended June 30, 2023, decreasing 38% from $5.29 million reported for the same three month period in the prior year.
- Six month revenues totaled $7.34 million in 2023, which were down 20% from $9.13 million for the first six months of 2022.
- Commenting on the results, Nicole Fernandez-McGovern, Chief Financial Officer and Executive Vice President of Operations, said, “During the second quarter, we focused primarily on optimizing our operations through continued integration and consolidation of our offices and workforce in an effort to reduce operating expenses.