Draganfly Inc (TSE:DPRO) has released an update.
In its unaudited financial statement for Q1 2024, Draganfly Inc. reported an increase in total assets to CAD 8,990,548 from CAD 8,330,292 at the end of 2023, indicating a positive growth in the company’s financial health. However, the company’s total revenue for the three months ended March 31, 2024, decreased to CAD 1,329,581 compared to CAD 1,601,486 for the same period the previous year. This revenue decline, alongside a reported gross profit of CAD 280,011, suggests challenges in profitability despite asset growth.
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