- 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%.
For further details see:
Draganfly's Q1 2022 Results Look Underwhelming, And I'm Tempted To Open A Short Position