EPAZ - These Drone Stocks Could Reach New Heights
(NewsDirect)
Unmanned aerialvehicles (UAVs) have come a long way since their inception, and withthe drone market projected to reach new heights, the future seemsbright for this disruptive technology.
Drone technology's rise is being fueled bya number of factors, including advances in artificial intelligence, anincreased need for surveillance, and a growing demand for unmannedaerial vehicles in the military sector.
Drones are anticipated to play an even largerrole in a variety of industries as they become more sophisticated andadaptable, creating a sector with significant potential for investors.
According toTechnavio, the global drone market is estimated to grow by USD 27.78billion from 2022 to 2027. The drone sector is estimated to grow at aCAGR of 13.58% during the forecast period. Moreover, the growthmomentum will accelerate.
Investors are increasingly turning their attentionto this exciting sector, which shows no signs of slowing down. Let’slook at four players in the drone industry, each with their own uniquestrengths and potential for growth. From established industry leadersto up-and-coming penny stocks, this sector is full of opportunitiesfor investors looking to capitalize on this cutting-edgetechnology.
Epazz, Inc. (OTC: EPAZ) is a mission-critical providerof drone technology, blockchain mobile apps, and cloud-based businesssoftware solutions. Recently, the company has been focused on theirsubsidiary, ZenaDrone. Recently, ZenaDrone, announced that it had beengranted a utility patent by the US Government for its innovativeAI-predictive drone Smart Charging Pad.
The Smart Charging Pad is a game-changer inthe drone charging industry, as it offers a more affordable solutionfor charging drones that weigh over 250 pounds. This utility patentpaves the way for international patents to be filed in countries suchas Ukraine, the United Kingdom, the European Union, Canada, Australia,South Africa, and Brazil, which could lead to even more businessopportunities for Epazz.
With its advanced technology and environmentally friendlydesign, the ZenaDrone Smart Charging Pad is capable of understandingand learning from its surroundings and selecting the optimal energysource, making it an appealing choice for businesses operating inremote areas.
TheZenaDrone 1000s is the company's flagship drone. Equipped withupdated AI predictive automation software, the ZenaDrone 1000 isspecifically designed for use in the military, as well as oil and gas,and agriculture industries. Moreover, Epazz recently submitted Phase 1SBIR proposals to the U.S. government, which could result insignificant government contracts worth up to $15 million over the nextthree years if the company is selected in the process.
The banning ofChinese-made drones within the US government has opened up significantopportunities for Epazz. According to the company's CEO, ShaunPassley, Ph.D., "We are taking multiple pathways to become agovernment contractor of drones. It is a major opportunity for us, asChinese drones are banned in the US government. It has opened up majordemands for our drones."
Epazz, Inc. (OTC:EPAZ) is a promisinginvestment opportunity for those seeking to capitalize on the rapidlyexpanding market for cutting-edge drone technology. With the recentutility patent granted to its ZenaDrone Smart Charging Pad, Epazz iswell-positioned to move into international markets and securegovernment contracts. EPAZ has competitive pricing, cutting-edgetechnology, and increasing demand.
One stock that has seen the transition from ahighly volatile, high-risk, high-reward play to a long-term growthstock is AeroVironment, Inc. (NASDAQ:AVAV) . AeroVironment is anAmerican defense contractor based in Arlington, Virginia that designsand manufactures unmanned aerial vehicles. One of the reasonsinvestors have taken an interest in AVAV is that they have been a keypiece of the assistance the United States has provided in support ofthe Ukrainian war effort.
AeroVironment's drones' effectiveness onthe battlefield has been demonstrated by the company's technology,raising the profile of the small defense stock.
AeroVironment actuallycut its estimate for full-year earnings per share to a range of $1.13to $1.33, down from the previous $1.26 to $1.58 range, primarily dueto non-cash issues, including accelerated depreciation charges and agreater-than-expected unrealized loss tied to company equityinvestments.
Though this may worry some, most investors remain interested.AeroVironment’s strong business prospects have been overlooked byinvestors who are more interested in long-term growth with thecompany.
In thepast year, AeroVironment has demonstrated the quality of its productsand its potential for success, transitioning from a higher-risk,higher-reward option among defense stocks to a promising investmentopportunity.
Thecompany's funded backlog of $413.9 million in future business,which grew by 83% year over year, indicates a promising future. Withincreased munitions spending in Ukraine and rising geopoliticaltensions worldwide, AeroVironment is expected to receive a substantialshare of the upcoming weapons replenishment and stockpilingexpenditures by the United States and its allies.
Joby Aviation, Inc.(NYSE: JOBY) is a California-based company developingall-electric aircraft for commercial passenger service. JOBY is amongseveral companies in a competitive pursuit to introduce what iscommonly referred to as "flying cars" into the market. Theirproduct is a compact electric aircraft that has the ability to takeoff and land vertically, also known as an eVTOL. Although it cannotserve as a replacement for large planes that transport passengers overextended distances, it has the potential to serve as a viablealternative for heavily congested urban roads.
In early February, thecompany announced they had completed the 2nd of 5 steps toward FAAcertification for commercial operations. This marks the first companyto reach this milestone and has it set up to meet its goal ofcommercial operation in 2025.
Though JOBY Q4 results produced a loss, thecompany’s operational expenses were mitigated by a small amount ofrevenue related to the DOD contracts the company has acquired. Thereport's takeaways are that cash reserves remain healthy at $1.1billion, and operations plans for 2023 are well within thatbudget.
JOBYappears to be ahead of the competition in the race to bring an eVTOLto market. Despite a good deal of risk, JOBY is making strides in thecorrect direction, indicating potential for significant rewards.
Kratos Defense& Security Solutions, Inc. (NASDAQ:KTOS) providesmission-critical products, services, and solutions for United Statesnational security priorities. The development of combat dronecapability and potential space opportunities being pursued by theDepartment of Defense (DOD) present promising avenues for KTOS toleverage and potentially benefit from.
KTOS is an appealing investment option as itoffers access to tactical unmanned products that exhibit notablepotential for growth.
Through mid-March, KTOS has experienced an 8% surge in itsshare price, largely attributed to its announcement of securing a$49.6 million initial contract with the U.S. Department of Defense for55 units of Kratos' BQM-177A Subsonic Aerial Target systems.
However, some investorsremain skeptical, as the company's Valkyrie tactical drone hascompleted years of testing with potential government customers, yetinvestors have now been waiting on an order for more than three years.Some are growing impatient.
Thesuccess of the Valkyrie tactical drone will be the key factor indetermining the future outcome and success of KTOS. If all goes wellKratos estimates a potential $10 billion opportunity pipeline for theValkyrie Tactical Drone
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