Chief Financial Officer, Draganfly Inc.
Verified interview transcripts, podcast appearances, and direct quotes from Paul Sun, Chief Financial Officer at Draganfly Inc.. AI-verified speaker identity with full-text searchable transcripts.
"We are extremely excited about this quarter and its impact over the coming year. Draganfly's latest collaborations and expansions are a testament to the growing demand for drone technology and the important role Draganfly is playing," said Cameron Chell, President and CEO of Draganfly. "Our team's relentless pursuit of technological innovation and recent expansion of production capabilities will help drive growth in the drone industry across multiple sectors, positively impacting countless lives along the way."
Revenue for the third quarter was driven by strong product sales. Key Financial and Operational Highlights for Q3 2022: Revenue for the third quarter of 2022 was $1,876,221, with product sales making up $1,359,986 while the balance came from drone services sales. Gross Profit for Q3 2022 was $626,908. Gross margin percentage for Q3 2022 was 33.4% compared to 40.8% in Q3 2021 due to the sales mix of the products sold. The Company recorded a comprehensive loss of $4,992,533 in the third quarter of 2022 compared to income of $23,975,400 in the same period of 2021. The comprehensive loss for th…
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