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Draganfly Inc. (DFLYF) manufactures and sells commercial drones, also known as unmanned aerial vehicles (UAVs), worldwide. Its products include quad-copters, fixed wing aircraft, ground based robots, and handheld controllers, as well as software used for tracking, live streaming, and data collection.

The company also offers custom engineering and training, simulation consulting, and flight training services, as well as wireless video systems. The consulting and software services are high margin, the products less so but with a sizable market that will only grow with time.

Draganfly serves public safety, agriculture, industrial inspections, health, large companies, public sector companies including law enforcement and defense and mapping and surveying markets. The company, incorporated in 2018, is headquartered in Saskatoon, Canada and has roots going back to 1998.

Though still a small company, it has steadily expanded its products and services. Military and government contractors partner with Draganfly to improve personnel and infrastructure safety.

The company works with clients to collect high-quality data, 3D modeling, and a suite of sophisticated sensor technology. Farmers also use its flight and data collection services.

Draganfly has scored a number of industry firsts such as the development of the first quadcopter drone, the first drone to save a life, and the first drone to be inducted into the Smithsonian National Air & Space Museum.

Below is a chart of some of the company’s clients.

In the last six months, Draganfly has made progress on a number of fronts.

• Secured $1 million flight services contract to deploy EagleEye AI flight services with Windfall Geotek Inc. Windfall Geotek flies mining prospectors with magnetometers with data placed into EagleEye and provides recommended targets for mining companies to drill.
• Raised $16,450,000 million in capital.
• Signed a preliminary agreement with Steve Wozniak’s K-12 program Woz ED to be the exclusive supplier of drones to Woz ED’s drone program across its ‎national K-12 curriculum and received orders for the sale of 2,000 drones.

Total revenue for the year ended December 31, 2020 increased by 216.1% to $4.36 million, compared to $1.38 million in 2019. The company’s gross profit increased by $597,973, or 51.5%.

Revenue for the fourth quarter of 2020 increased by 202.3% to $1.49 million and the substantial increase in revenue is largely due to the company’s acquisition of Dronelogics.

It is important to note that Draganfly is an aggressive, speculative idea as a small company with an annual revenue run of $5 million and a cash position of $2 million.

Draganfly has started the process of preparing for listing of its common shares on the Nasdaq and has engaged a New York-based investment bank to begin the listing process. For now, we suggest that aggressive investors can buy half of our expected position in this stock.