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The DPRO Report

Draganfly Inc. (DPRO) is a drone solutions and systems developer operating in the Aerospace & Defense industry. The stock has recently garnered investor interest due to positive market trends and company-specific news.

Fundamental Analysis

Draganfly is currently a growth-focused, unprofitable company. It does not pay a dividend and has negative earnings over the last twelve months, meaning standard metrics like a Price-to-Earnings (P/E) ratio are not applicable.

• Valuation Concerns: Based on a Price-to-Sales (P/S) ratio, DPRO appears expensive compared to its industry and its estimated "Fair P/S Ratio." Its P/S ratio is notably high relative to the average for the US Aerospace & Defense industry.

• Revenue and Growth: The company's trailing 12-month revenue is relatively low, though its year-over-year quarterly sales growth was recently positive at over 23%. Analysts project future growth, with estimated quarterly revenue by December 31, 2024, expected to increase significantly.

• Profitability: The company is currently operating at a significant EBITDA loss and has a low gross margin, indicating that profitability remains a key challenge despite revenue growth.

Technical Analysis

Technical indicators have recently shown signs of bullish momentum for DPRO.

• Moving Averages: Key moving averages, including the 10-day Exponential Moving Average (EMA10), 20-day Simple Moving Average (SMA20), and 50-day Simple Moving Average (SMA50), have all recently been in a Bullish configuration, suggesting upward price momentum.

• Oscillators: The MACD oscillator has also recently indicated a Bullish signal.

• Overall Rating: A composite technical rating for the stock has recently been a Strong Buy, indicating prevailing positive short-term price action.

Big News

• Stock Jumps on Positive Earnings and Strategic Partnerships: DPRO's stock recently surged following an earnings report that reportedly exceeded market expectations, driven by strong demand. The company also announced new strategic partnerships in sectors like agriculture and public safety, which is seen as expanding its market reach and validating its technology.

• Expansion of U.S. Manufacturing Footprint: The company announced a significant expansion of its U.S. manufacturing footprint, capability, and capacity across multiple locations. This move is aimed at meeting the rising demand for scalable, U.S.-made drone solutions.

• Military Technology Demonstration: Draganfly showcased its Commander 3XL and Flex FPV capabilities at the T-REX 24-2 Military Technology Exercise. The successful demonstration validated the drones' use in multi-domain defense operations, positioning the company for further military and defense contracts.

• Support for Canadian Military Aid to Ukraine: Draganfly provided insight into its position to support Canada's newly announced $2 billion military aid package to Ukraine, which includes a dedicated budget for drone and tactical capabilities.

Expert Recommendations and Forecast

• Analyst Consensus: Wall Street analysts currently give DPRO a Buy or Strong Buy consensus rating, reflecting optimism about its growth potential despite current unprofitability. For example, HC Wainwright & Co. has consistently maintained a "Buy" rating.

• Average Price Target: The average one-year price target from analysts generally falls in the range of $4.93 to $6.50.

  • The forecasts have a range from a low of about $3.00 to a high of up to $7.00. The average target suggests a potential downside or limited upside from the most recent higher trading prices, based on current analyst models.

Earnings and Outlook

• Next Earnings Date: Draganfly's next earnings report is currently estimated to be released around November 13, 2025.

• Earnings Outlook: For the upcoming quarter, the consensus Earnings Per Share (EPS) forecast is approximately −$0.20. This compares favorably to a reported EPS of −$0.82 in the same quarter last year, indicating an expected improvement in financial performance.

• Long-Term Outlook: The long-term outlook is based on projected revenue growth and a shift towards higher-margin services, such as drone-as-a-service (DaaS). While the company is expected to continue posting negative EPS in the near term, estimates suggest a significant reduction in losses over the next few years. Investors are betting on robust revenue growth in the drone segment, supported by favorable regulatory trends for commercial drones and increasing geopolitical demand.