Draganfly Releases 2023 Financial Results, Sending Mixed Signals to Investors
Wednesday, 27 March 2024, 21:10
Draganfly 2023 Results Overview
In a recent financial disclosure, Draganfly reported mixed results for 2023, with a notable discrepancy between its GAAP EPS and revenue figures.
Financial Performance Highlights
- GAAP EPS Miss: Draganfly fell short of analyst expectations, reporting a negative EPS of -$0.56, missing the mark by $0.11.
- Revenue Beat: Despite the EPS miss, the company exceeded revenue expectations by $0.01M, showcasing resilience in top-line growth.
- Downward Trend: The results signal a 13.9% Year-over-Year decrease in revenue, raising concerns about Draganfly's operational efficiency.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.