2023-04-04 16:14:40 ET
- AgEagle press release ( NYSE: UAVS ): FY Revenue of $19.1M (+95.7% Y/Y).
- Net loss totaled $58.3 million compared to $30.1 million after factoring a $42 million non-cash goodwill impairment charge in 2022 associated with the Company's SaaS and drone reporting units and a $12 million non-cash impairment charge in 2021 relating to its SaaS reporting unit.
- Gross profit margin remained stable at 43% compared to 44%.
- Cash on hand as of December 31, 2022 was $4.4 million compared to $14.6 million as of the end of 2021.
- Cash provided by AgEagle's equity financing activities totaled $17.9 million in 2022 compared to $45.6 million raised in 2021.
- Shares +10.42% .
For further details see:
AgEagle reports FY results