Draganfly Reports Record Annual Revenue for 2022
Los Angeles, CA., March 27, 2023 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its fourth quarter and fiscal 2022 financial results. Revenue for the fourth quarter and the year was driven by organic drone product and services sales.
- The financial year 2022 was another milestone year for Draganfly as 2022 marked another record revenue year for the Company.
- Total 2022 revenues increased by $551,194 from $7,053,865 in 2021 to $7,605,059 with the bulk of this revenue coming from product sales.
- Key Financial Highlights for 2022:
Total revenue for the year ended December 31, 2022, increased by 7.8% to $7,605,059, compared to $7,053,865 in 2021. - Product sales increased $447,033 or 8.8% in 2022 as compared to 2021 while services revenue increased $104,161 or 5.3% in 2022 compared to 2021.