Draganfly Inc reports results for the quarter ended June 30 - Earnings Summary

• Draganfly Inc DPRO.CD reported a quarterly adjusted loss of 61 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of C$-2.50. The mean expectation of two analysts for the quarter was for a loss of 53 cents per share. Wall Street expected results to range from -63 cents to -43 cents per share.

• Revenue rose 22.1% to C$2.12 million from a year ago; analysts expected C$2.24 million.

• Draganfly Inc's reported EPS for the quarter was a loss of 61 cents​.

• The company reported a quarterly loss of C$4.76 million.

• Draganfly Inc shares had risen by 57.1% this quarter and gained 24.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

This summary was machine generated from LSEG data August 11 at 09:45 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)