DPRO - Draganfly's Q1 2022 Results Look Underwhelming And I'm Tempted To Open A Short Position

• The company’s revenues rose by 32.8% to $1.59 million in Q1 2022, but most of the growth came from Dronelogics which resells third-party drones.
• The operating loss widened, and the funds used in operating activities were $2.71 million.
• There is no news about the deal with Digital Dream Labs, which I find concerning considering this was Draganfly’s largest order to date.
• I think the business of Draganfly isn’t worth much in its current state, and the short borrow fee rate is below 6%.

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