Draganfly will hold a shareholder update call on March 27, 2023, at 2:30 p.m. PDT / 5:30 p.m. EDT. Registration for the call can be done here: https://bit.ly/3YYpOxY
Selected financial information is outlined below and should be read with Draganfly’s consolidated financial statements for the fiscal year ended December 31, 2022 and associated management discussion and analysis, which will be available under the Company's profile on SEDAR at www.sedar.com and filed on EDGAR.
| For the year ended December 31, | 2022 | 2021 | ||||||
| Total revenues | $ | 7,605,059 | $ | 7,053,865 | ||||
| Gross Profit (as a % of revenues) (1) | 10.4 | % | 37.5 | % | ||||
| Net loss | (27,654,364 | ) | (16,202,972 | ) | ||||
| Net loss per share ($) | ||||||||
| -Basic | (0.82 | ) | (0.59 | ) | ||||
| -Diluted | (0.82 | ) | (0.59 | ) | ||||
| Comprehensive loss | (27,305,305 | ) | (16,399,137 | ) | ||||
| Comprehensive loss per share ($) | ||||||||
| -Basic (post-consolidation) | (0.81 | ) | (0.59 | ) | ||||
| -Diluted (post-consolidation) | (0.81 | ) | (0.59 | ) | ||||
| Change in cash and cash equivalents | $ | (15,180,932 | ) | $ | 21,093,297 | |||
(1) Gross Profit (as a % of revenues) would have been 36.4% not including a one-time non-cash write down of inventory for $1,976,514.
| As at |
December 31,
2022 | December 31,
2021 | ||||||
| Total assets | $ | 14,638,533 | $ | 42,113,240 | ||||
| Working capital* | 10,168,800 | 26,836,922 | ||||||
| Total non-current liabilities | 249,740 | 465,214 | ||||||
| Shareholders’ equity* | $ | 11,040,881 | $ | 34,926,239 | ||||
| Number of shares outstanding | 34,270,579 | 33,168,946 | ||||||
*Shareholders’ equity and working capital as at December 31, 2022, includes a fair value of derivative liability of $57,314 and would otherwise be $11,098,195 and $10,226,114, respectively.
