Draganfly Announces First Quarter Results of 2024
| |
|
2024 Q1 |
| | 2023 Q4 | | | 2023 Q1 | | | Revenue |
|
$ |
1,329,581 |
| | $ | 916,299 | | | $ | 1,601,486 | | | Cost of sales(2) |
|
$ |
(1,049,570 |
) | | $ | (657,420 | ) | | $ | (1,158,052 | ) | | Gross profit(3) |
|
$ |
280,011 |
| | $ | 258,879 | | | $ | 443,434 | | | Gross margin – percentage |
|
|
21.1 |
% | | | 28.3 | % | | | 27.7 | % | | Operating expenses |
|
$ |
(3,530,933 |
) | | $ | (3,482,141 | ) | | $ | (7,608,133 | ) | | Operating income (loss) |
|
$ |
(3,250,922 |
) | | $ | (3,223,262 | ) | | $ | (7,164,699 | ) | | Operating loss per share - basic |
|
$ |
(0.05 |
) | | $ | (0.08 | ) | | $ | (0.21 | ) | | Operating loss per share - diluted |
|
$ |
(0.05 |
) | | $ | (0.08 | ) | | $ | (0.21 | ) | | Other income (expense) |
|
$ |
1,387,114 |
| | $ | (965,075 | ) | | $ | 97,073 | | | Change in fair value of derivative liability (1) |
|
$ |
1,817,569 |
| | $ | 153,798 | | | $ | 57,314 | | | Other comprehensive income (loss) |
|
$ |
(20,608 |
) | | $ | (3,461 | ) | | $ | (29,369 | ) | | Comprehensive income (loss) |
|
$ |
(1,884,416 |
) | | $ | (4,191,796 | ) | | $ | (7,096,995 | ) | | Comprehensive income (loss) per share - basic |
|
$ |
(0.03 |
) | | $ | (0.13 | ) | | $ | (0.20 | ) | | Comprehensive income (loss) per share - diluted |
|
$ |
(0.03 |
) | | $ | (0.13 | ) | | $ | (0.20 | ) |
|
