{"id":7374,"date":"2022-04-04T15:47:44","date_gmt":"2022-04-04T15:47:44","guid":{"rendered":"https:\/\/draganfly.com\/?p=7374"},"modified":"2022-06-29T19:37:51","modified_gmt":"2022-06-29T19:37:51","slug":"draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales","status":"publish","type":"post","link":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/","title":{"rendered":"Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales"},"content":{"rendered":"<p align=\"justify\"><strong>Los Angeles, CA., April 04, 2022 (GLOBE NEWSWIRE) &#8212; <\/strong>Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201c<strong>Draganfly<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d), an award-winning, industry-leading drone solution developer and operator, is pleased to announce its fourth quarter and fiscal 2021 financial results. Revenue growth for the fourth quarter and the year was driven by a combination of organic growth, including strong drone product and services sales and ongoing traction with Vital Intelligence, the Company\u2019s health monitoring line that utilizes AI technology.<\/p>\n<p align=\"justify\">The financial year 2021 was another milestone year for Draganfly as 2021 marked another record revenue year for the Company. Total 2021 revenues increased by $2,690,354 from $4,363,511 in 2020 to $7,053,865 with the bulk of this revenue coming from product sales. Services revenue of $645,667 was steady while drone services sales of $1,304,799 was up 107% over the same period in 2020 due to the gradual shift towards providing more services.<\/p>\n<p><strong>Key Financial <\/strong><strong>Highlights for<\/strong><strong> 2021<\/strong>:<\/p>\n<ul type=\"disc\">\n<li>\u200eTotal revenue for the year ended December 31, 2021, increased to another level by 61.7% to $7.05 million, compared to $4.36 million in 2020. Product sales increased $2,016,176 or 65.3% in 2021 as compared to 2020 while services revenue increased $674,178 or 52.8% in 2021 compared to 2020.<\/li>\n<li>As a result of increased product sales and service revenue, the Company\u2019s Gross Profit increased by $883,488 or 50.2%. As a percentage of sales, gross margin decreased from 40.3% in 2020 to 37.5% in 2021 based on product mix.<\/li>\n<li>The Company recorded a comprehensive loss of $16.40 million compared to $8.02 million in 2020. The comprehensive loss for the year ended December 31, 2021, includes a non-cash change in fair value of derivative liability of $8,149,812 and a non-cash expense for goodwill impairment of $4,579,763 and would otherwise be a loss of $19,969,186. Additional contributors to the year-over-year increase include increased insurance, marketing and investor relations costs, share-based payments, and professional fees relating to the Regulation A+ and Nasdaq financings partially offset by increased revenues.<\/li>\n<li>The Company\u2019s cash balance on December 31, 2021, was $23.08 million compared to $1.98 million in 2020.<\/li>\n<\/ul>\n<p><strong>Key Financial and Operational Highlights for Q4 2021:<\/strong><\/p>\n<ul type=\"disc\">\n<li>Revenue for Q4 2021, increased significantly by 10.0% to $1.64 million year over year with the increase in revenue largely due to increased product sales.<\/li>\n<li>Gross margin percentage for Q4 2021 was 38.3% compared to 22.2% in Q4 2020. The increase is due to the sales mix of the various product sales.<\/li>\n<li>Total comprehensive income for Q4 2021 was $12.64 million compared to a loss of $3.49 million for the same period in 2020. The comprehensive income for the quarter ended December 31, 2021, includes a non-cash change in fair value of derivative liability of $23,428,117 and a non-cash expense for goodwill impairment of $4,579,763 and would otherwise be a loss of $6,212,888. The increase in loss was due to higher office and miscellaneous expenses, increased insurance, marketing and investor relations costs, share-based payments, and professional fees partially offset by increased revenues.<\/li>\n<li>Draganfly\u2019s proprietary pathogen and surface sanitizer spray was selected to be administered ahead of the Drone Racing League\u2019s (\u201c<strong>DRL<\/strong>\u201d) Vegas Championship Race Presented by T-Mobile outside T-Mobile Arena during CES<sup>\u00ae<\/sup> 2022 and the\u00a0<em>EDGE22\u00a0<\/em>plenary sessions at the Park Theater in the Park MGM in Las Vegas, Nevada.<\/li>\n<li>Draganfly was selected by DRL, the world\u2019s premier, professional drone racing property, and Apple co-founder Steve Wozniak\u2019s Woz Ed, the leader in demand-driven K-12 education, as a partner in drone education. Draganfly is working with DRL and Imagine Learning\u2019s Robotify, a virtual platform that teaches students about coding using robots, to assist with the expansion of the DRL Academy STEM program. Through an immersive and interactive <em>Science of Drone Racing<\/em> curriculum, the Company will help teach students how to build, code, and fly racing drones. The announcement is the evolution of Draganfly\u2019s initial agreement and work with Woz ED, which provided for an exclusive partnership bringing additional product development to the Company\u2019s current and future pipeline in addition to re-imagining the future of innovation for drone technologies. Draganfly recently joined DRL as a founding partner of\u00a0DRL Labs, an innovation hub focused on researching and developing ground-breaking drone technology that the Company believes will advance the cutting-edge sport of high-speed drone racing and other industries undergoing significant transformations through drones, including humanitarian aid and mobility.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Draganfly\u2019s proprietary pathogen and surface sanitizer spray was implemented ahead of Fall 2021 Commencement\u00a0ceremonies at the University of Alabama at Birmingham (\u201c<strong>UAB<\/strong>\u201d). The Company sanitized UAB\u2019s Bartow Arena ahead of commencement ceremonies on December 10 and 11, 2021.<\/li>\n<li>Draganfly\u2019s advanced UAV thermal imaging technology and proprietary mapping software helped the Draganfly Trophy Truck (\u201c<strong>Trophy Truck<\/strong>\u201d) win its second podium place of the 2021 season at the <em>2021 BF Goodrich Tires Mint 400<\/em> in Las Vegas, Nevada. On December 4, 2021, the Trophy Truck finished second in the Unlimited Class (Trophy Trucks). The Company\u2019s advanced UAV thermal imaging technology helped the team safely navigate the course by enabling them to see through large amounts of dust thrown up by competitors. Draganfly drones equipped with the Company\u2019s proprietary mapping software were utilized to give the Trophy Truck team the most accurate terrain data pre-race. The achievement follows the Trophy Truck\u2019s first place finish at the <em>2021\u00a0<\/em><em>Maxxis<\/em><em>\u00a0Tires \u201cCasey Folks\u201d Vegas to Reno<\/em>\u00a0race on August 13, 2021. Ahead of the <em>2021 BF Goodrich Tires Mint 400<\/em>, Draganfly announced that it is undertaking a motorsport development programme as part of its partnership with the Trophy Truck team. To support the Trophy Truck team and others during races, the Company plans to strategically implement drones along courses that are capable of providing critical emergency supplies and communication tools.<\/li>\n<li>Draganfly\u2019s Vital Intelligence Smart Vital assessment platform was selected by the Franklin County Sheriff\u2019s Office (\u201c<strong>FCSO<\/strong>\u201d) in Eastpoint, Florida. The Company\u2019s technology is being used to screen employees at the FCSO\u2019s 911 Communications Center before shifts.<\/li>\n<\/ul>\n<p align=\"justify\">Cameron Chell, CEO of Draganfly, said: \u201cFrom quarter to quarter, our experienced team has been committed to meeting the demands of the rapidly evolving drone space. Draganfly continues to successfully hit its operational milestones, which are key for attaining our financial objectives. Our Q4 milestones and revenue give us confidence that we are on the path to become a leading North American based global drone solution provider.\u201d<\/p>\n<p align=\"justify\">Draganfly held a shareholder update on March 31, 2022 at 3 p.m. PDT \/ 6 p.m. EDT.<\/p>\n<p align=\"justify\">To watch the Company\u2019s update, please visit: <a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=Cvvx5YecFVzdz3m85TH-ee6Mw9GfuLKjmYkDVKWy8ZwthwdrokJqwIw0lFbH9InGVnkeKtY541fkwOGRaOFhq_1850YmzaeM1GtjKKFuaX0=\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/youtu.be\/oVXi7qRPfhQ<\/a><\/p>\n<p align=\"justify\">Selected financial information is outlined below and should be read with Draganfly\u2019s consolidated financial statements for the year and quarter ended December 31, 2021, and associated management discussion and analysis, which will be available under the Company&#8217;s profile on SEDAR at\u00a0<a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=dnNv9meL-CRA6MFbQgBCdFpsIYF-tPb1sOqk70TJJdd2oDJUMklZQPWKFXwheEWHwV2zuCWcfGQYIWjgCUersg==\" target=\"_blank\" rel=\"nofollow noopener\"><u>www.sedar.com<\/u><\/a>\u00a0and in its Form 20-F filed on EDGAR at <a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=dnNv9meL-CRA6MFbQgBCdCb7VVskHUTNNyv0WnmKt9qNNZ9PZRHTv5ye7sRdaXiNuLfUvP2AGvnKOFmQeFQsUg==\" target=\"_blank\" rel=\"nofollow noopener\"><u>www.sec.gov<\/u><\/a>.<\/p>\n<div class=\"table-wrap\"><\/div>\n<p><a href=\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t1.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-7378 size-full\" src=\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t1.png\" alt=\"\" width=\"1215\" height=\"573\" srcset=\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t1.png 1215w, https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t1-300x141.png 300w, https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t1-1024x483.png 1024w, https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t1-768x362.png 768w, https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t1-600x283.png 600w\" sizes=\"(max-width: 1215px) 100vw, 1215px\" \/><\/a><\/p>\n<p align=\"justify\">Notes:<\/p>\n<p align=\"justify\">(1) The net loss and comprehensive loss for the year ended December 31, 2021, include a change in fair value of derivative liability of $8,149,812 and an expense for goodwill impairment of $4,579,763, and would otherwise been a loss of $19,773,021 for the net loss, and $19,969,186 for the comprehensive loss, respectively.<\/p>\n<p align=\"justify\">(2) Shareholders\u2019 equity and working capital as at December 31, 2021 includes a fair value of derivative liability of $5,560,002 and would otherwise be $40,486,241 and working capital of $32,396,924 respectively.<\/p>\n<div class=\"extended-table-container\">\n<div class=\"table-wrap\"><a href=\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t2.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-7379\" src=\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t2.png\" alt=\"\" width=\"1230\" height=\"368\" srcset=\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t2.png 1230w, https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t2-300x90.png 300w, https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t2-1024x306.png 1024w, https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t2-768x230.png 768w, https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/t2-600x180.png 600w\" sizes=\"(max-width: 1230px) 100vw, 1230px\" \/><\/a><\/div>\n<\/div>\n<p align=\"justify\">Note:<\/p>\n<p align=\"justify\">(3) The other income and comprehensive income for the fourth quarter of 2021 include a recovery in fair value of the derivative liability of $23,428,117, and an expense for goodwill impairment of $4,579,763 and would otherwise be an expense of $1,036,914 and loss of $6,212,888, respectively.<\/p>\n<p><strong>About Draganfly<\/strong><\/p>\n<p align=\"justify\">Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 20 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.<\/p>\n<p>For more information on Draganfly, please visit us at <a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=Yc79R48x9wQS-BEqFhX-ut2SIJ2oYERpWT-ZwYEwU7WgN10s6UehDTtaKC5a5l0iNjMSppqJhFR81VV13_RIaVn7Tiks9jfcMdL_y3_9AuT8Z_LmqJpuY6Qvkz5vrmfEf2Rd7pRZ9UFQ95J3UUviVfYw8uDEpJKw62bXz8VZOEZgiqE_SKN_tcENOVZs_tG-GU79VJ1D-SbUoRnetmacWTB8x1bEZ09tXHLjO3K1Ms_gfDfFTDkSDgKQhQqQlWmk\" target=\"_blank\" rel=\"nofollow noopener\"><u>www.draganfly.com<\/u><\/a>.<br \/>\nFor additional investor information, visit <a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=Cvvx5YecFVzdz3m85TH-eTXggmar8zpV7b-bY7kQRYULlmnQlS9jQPks9SB0AQaTa7OSAQ17qsVJTR3ANOv33gD_OiOlHHH5uG6UAibRQUcz4RW--SReHltLgW_iJpQj99vxNW5qVU-kX_PZpgvYjU5RDdASFVl-1xnkzXfPdnPTnNJIukgP_znZs38F7KXllFWwq41Bic8ppjlen3L9G7wnppmeBTrYlWag6PyEj6AuJXRS2cZ_Xc-s09ybf8jCjHELmrKKnbwtIJ7cPb0TNFI-8DD-EXJxzmmiwqvD5XTha-_LEqt7kcdoeHyTiXMjeMAwsoCT5T6ucU_jOd013clADtcp-fKg0Vq6pjq2moEpdLhlJeTx6OZdKqzFAZY4BFdtSS3ksakN91119-RAnE7J_hkIzS6XNZnehzeKUK4=\" target=\"_blank\" rel=\"nofollow noopener\"><u>https:\/\/www.thecse.com\/en\/listings\/technology\/draganfly-inc<\/u><\/a>, <a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=Cvvx5YecFVzdz3m85TH-eTnAfEYIgeX28FuQfnspJ5KJlcKHBMl1IiUHKwdl1UM-s_MgPLlYSCmj58A57KEtx3iJLYdGc8jRP3A23vCo3er6JJvzZWd4GDSEBTjJEgWiboSmAOanoZU0OUO7ZXy3JJGUVa16YV0adu9HvZS2iMtqNuZtOddMSqHKh4eMn_FT8dFUsq_q1AlR_6rz8h2Y33Le-MAmEVIXe18P5GRJqBBpZvVeFNA5HpS4h8iPdmq2g5To2-8iQqbRHY5vk3ZZvsSAmAJtRqM686xkftbJ7ZMpv6SneoKyxIvdl61uwcGuQQ6znn14BQMKjQmmOGFSn-i3G2ussLV__BAIQauUEKdz4BlJlIkYuk1jAVknaaE7\" target=\"_blank\" rel=\"nofollow noopener\"><u>https:\/\/www.nasdaq.com\/market-activity\/stocks\/dpro<\/u><\/a> or <a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=Cvvx5YecFVzdz3m85TH-eWHyb_sIAcnRMgcEgPsQNvB-cQVh7LFWdGQHDmUX6a18JhunMvJYdyLIQhek8-WPbywTwwrfo0DXvCInE4CkvtOF3r-bKvc6iDTZ0iDmYfqbzf1DNHU-EbVUuwBhPZNoXdUFNdB8-WOCq1rRF8-AEvciHo99qAVpo_BySbrIWdUxamOJBQ82zw_SoH5CxRKIFAHMMQVw3LJORpD-tgL59a75-LVq286YdekEMlXewj9dqz1NMYkArk7aTD2cQX6A7nTwAsCrcE71rokLJ5aX_vYzgxXhrLT50AumzIs00s3Kc7e8YlTLo7Dm7EeFTWLorYAwxW-7wjzc897uX5pUsaYvE8iv8b7lJ1OVuoYzUmz5iEW8bN_TkxHu1wvUEy0SmhUWrRN-FAD6UaujSHAes24=\" target=\"_blank\" rel=\"nofollow noopener\"><u>https:\/\/www.boerse-frankfurt.de\/equity\/draganfly-inc-1<\/u><\/a>.<\/p>\n<p><strong>Media Contact<\/strong><br \/>\nArian Hopkins<br \/>\nEmail: <a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=movvwUwFh6NyCc4tJ64p7R8oQ9NzbRXJqDJDKebHglUHPKKwIefZdYpLCr8QW-vcXEY5XDYpDtYdyzmmBS5Xs2aNBNXJZN0C_Q4QDmkTMwSyqvQHVrUFmiV7rGUQkQH-HjufZlUTFJ-qV8y7-sRqFMeWCEERrzs6j0tckQ5REhTF2Kte-0mhzpdslh4kZBeQupA6GzvItqlcPT6tcZ3ATXtLAh3CnKGYFNOir0C0T1DrvsMQENCvYvNUsNElnT9dIBoY5SeCXtL40bfKMD8MXg==\" target=\"_blank\" rel=\"nofollow noopener\"><u>media@draganfly.com<\/u><\/a><\/p>\n<p><strong>Company Contact<\/strong><br \/>\nEmail: <a title=\"\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=fqeXCGcByxsJ0f94TAW_axBRiTxyHEOttTKcwRkPyUT7XzttPl8MEYSzIa5K_W_DmYpkQtCKrMIOtU23pWvjH43-FHXXpHVk1-0gxO34yGSKP1q5MEVIWRHkdRT8jKgz8FNlPyJ4BGCGMhXJDoH_zmjICVVoOWzmbbVFmxdjsLvjy15DJZ_kYJ4gHu-vOBSRPytOM7HX0aj1P9PTSMvswXOdTk6HDE5N5lV4tEoi2Oa6fJ0WM6CJJf3ggNmZonS9\" target=\"_blank\" rel=\"nofollow noopener\"><u>info@draganfly.com<\/u><\/a><\/p>\n<p><strong>Note Regarding Non-GAAP Measures<\/strong><\/p>\n<p align=\"justify\">In this press release we describe certain income and expense items that are unusual or non-recurring. There are terms not defined by International Financial Reporting Standards (IFRS). Our usage of these terms may vary from the usage adopted by other companies. Specifically, gross profit and gross margin are undefined terms by IFRS that may be referenced herein. We provide this detail so that readers have a better understanding of the significant events and transactions that have had an impact on our results.<\/p>\n<p align=\"justify\">Throughout this release, reference is made to \u201cgross profit,\u201d and \u201cgross margin,\u201d which are non-IFRS measures. Management believes that gross profit, defined as revenue less operating expenses, is a useful supplemental measure of operations. Gross profit helps provide an understanding on the level of costs needed to create revenue. Gross margin illustrates the gross profit as a percentage of revenue. Readers are cautioned that these non-IFRS measures may not be comparable to similar measures used by other companies. Readers are also cautioned not to view these non-IFRS financial measures as an alternative to financial measures calculated in accordance with International Financial Reporting Standards (\u201cIFRS\u201d). For more information with respect to financial measures which have not been defined by GAAP, including reconciliations to the closest comparable GAAP measure, see the &#8220;Non-GAAP Measures and Additional GAAP Measures&#8221;\u200e section of the Company\u2019s most recent MD&amp;A which is available on SEDAR.<\/p>\n<p><strong>Forward-Looking Statements<\/strong><\/p>\n<p align=\"justify\">This release contains certain \u201cforward looking statements\u201d and certain \u201cforward-looking information\u201d as \u200edefined under applicable securities laws. Forward-looking statements and information can \u200egenerally be identified by the use of forward-looking terminology such as \u201cmay\u201d, \u201cwill\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u200e\u200e\u201cestimate\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccontinue\u201d, \u201cplans\u201d or similar terminology. Forward-looking statements \u200eand information are based on forecasts of future results, estimates of amounts not yet determinable and \u200eassumptions that, while believed by management to be reasonable, are inherently subject to significant \u200ebusiness, economic and competitive uncertainties and contingencies. These statements include, but may not be limited to statements regarding \u200ethe Company\u2019s proprietary pathogen and surface sanitizer spray being selected to be administered \u200eahead of the DRL Vegas Championship Race Presented by T-Mobile \u200eoutside T-Mobile Arena during CES<sup>\u00ae<\/sup> 2022 and the EDGE22 plenary sessions at the Park Theater \u200ein the Park MGM in Las Vegas, Nevada\u200e; the Company being selected by DRL, Woz Ed and \u200eRobotify to assist with the \u200eexpansion of the DRL Academy STEM program\u200e; the Company\u2019s plans to strategically implement drones along courses that are capable of providing critical emergency supplies and communications tools; and statements made by Cameron Chell regarding the Company continuing to execute significant operational milestones and becoming the leading commercial drone manufacturer and solutions provider in North America\u200e; Forward-looking statements and \u200einformation are subject to various known and unknown risks and uncertainties, many of which are beyond \u200ethe ability of the Company to control or predict, that may cause the Company\u2019s actual results, \u200eperformance or achievements to be materially different from those expressed or implied thereby, and are \u200edeveloped based on assumptions about such risks, uncertainties and other factors set out here-in, \u200eincluding but not limited to: the potential impact of epidemics, pandemics or other public health crises, \u200eincluding the current outbreak of the novel coronavirus known as COVID-19 on the Company\u2019s business, \u200eoperations and financial condition, the successful integration of technology, the inherent risks involved in \u200ethe general securities markets; uncertainties relating to the availability and costs of financing needed in \u200ethe future; the inherent uncertainty of cost estimates and the potential for unexpected costs and \u200eexpenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and \u200eother related risks and uncertainties disclosed under the heading \u201cRisk Factors\u201c in the Company\u2019s most \u200erecent filings filed with securities regulators in Canada on the SEDAR website at\u00a0<a title=\"www.sedar.com\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=dnNv9meL-CRA6MFbQgBCdHpNa0OuCtWr4OmCsX-V31j4RcMQILXWXfgLcfyK3JARlY_OdDDBCQD8t2_naPjxe1yOc7swbU1jZS07DXI9Jd49zY8jxImHtKakD0psK6Uht4_SMD64ftMmDf2fNoCYbxF2On0LYSRKGoE9JZ7RM87p3pDHQljnPObGsNUEVxOhw77Ns4D4Uvl1K3SdLIwYP0b86Avy9Y3jxcHtqJx92VA=\" target=\"_blank\" rel=\"nofollow noopener\">www.sedar.com<\/a> and with the U.S. Securities and Exchange Commission on the EDGAR website at <a title=\"www.sec.gov\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=dnNv9meL-CRA6MFbQgBCdFhodPfGWfk_IhKY3CLJRgEZAiicT7FB14nLJScGjrWH1xfbQMBFiTbpFOsxCaInbA==\" target=\"_blank\" rel=\"nofollow noopener\">www.sec.gov<\/a>. The \u200eCompany undertakes no obligation to update forward-looking information except as required by \u200eapplicable law. Such forward-looking information represents management\u2019s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results \u200emay vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking \u200estatements or information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Los Angeles, CA., April 04, 2022 (GLOBE NEWSWIRE) &#8212; Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solution developer and operator, is pleased to announce its fourth quarter and fiscal 2021 financial results. Revenue growth for the fourth quarter and the year was driven by a combination [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":7381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,41],"tags":[],"acf":{"news_description":"The financial year 2021 was another milestone year for Draganfly as 2021 marked another record revenue year for the Company. Total 2021 revenues increased by $2,690,354 from $4,363,511 in 2020 to $7,053,865 with the bulk of this revenue coming from product sales. Services revenue"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales - Draganfly<\/title>\n<meta name=\"description\" content=\"Draganfly\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales - Draganfly\" \/>\n<meta property=\"og:description\" content=\"Draganfly\" \/>\n<meta property=\"og:url\" content=\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/\" \/>\n<meta property=\"og:site_name\" content=\"Draganfly\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/draganflyinc\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-04T15:47:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-29T19:37:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ali Sedighi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@draganflyinc\" \/>\n<meta name=\"twitter:site\" content=\"@draganflyinc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Sedighi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/\"},\"author\":{\"name\":\"Ali Sedighi\",\"@id\":\"https:\/\/draganfly.com\/#\/schema\/person\/d173016e2ef027a5ff6b5eec8e12c2bb\"},\"headline\":\"Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales\",\"datePublished\":\"2022-04-04T15:47:44+00:00\",\"dateModified\":\"2022-06-29T19:37:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/\"},\"wordCount\":2053,\"publisher\":{\"@id\":\"https:\/\/draganfly.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png\",\"articleSection\":[\"News\",\"Press Release\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/\",\"url\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/\",\"name\":\"Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales - Draganfly\",\"isPartOf\":{\"@id\":\"https:\/\/draganfly.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png\",\"datePublished\":\"2022-04-04T15:47:44+00:00\",\"dateModified\":\"2022-06-29T19:37:51+00:00\",\"description\":\"Draganfly\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#primaryimage\",\"url\":\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png\",\"contentUrl\":\"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png\",\"width\":1600,\"height\":900},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/draganfly.com\/#website\",\"url\":\"https:\/\/draganfly.com\/\",\"name\":\"Draganfly\",\"description\":\"A Trusted Name in UAV Hardware, Software, Sensors &amp; Services for Over 20 Years\",\"publisher\":{\"@id\":\"https:\/\/draganfly.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/draganfly.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/draganfly.com\/#organization\",\"name\":\"Draganfly, Inc.\",\"url\":\"https:\/\/draganfly.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/draganfly.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/draganfly.com\/wp-content\/uploads\/2020\/03\/new-df-logo-blue-v2.png\",\"contentUrl\":\"https:\/\/draganfly.com\/wp-content\/uploads\/2020\/03\/new-df-logo-blue-v2.png\",\"width\":872,\"height\":250,\"caption\":\"Draganfly, Inc.\"},\"image\":{\"@id\":\"https:\/\/draganfly.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/draganflyinc\/\",\"https:\/\/x.com\/draganflyinc\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/draganfly.com\/#\/schema\/person\/d173016e2ef027a5ff6b5eec8e12c2bb\",\"name\":\"Ali Sedighi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/draganfly.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0945596e8577300109bb904c315ad4c2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0945596e8577300109bb904c315ad4c2?s=96&d=mm&r=g\",\"caption\":\"Ali Sedighi\"},\"url\":\"https:\/\/draganfly.com\/author\/alibusinessinstincts-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales - Draganfly","description":"Draganfly","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/","og_locale":"en_US","og_type":"article","og_title":"Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales - Draganfly","og_description":"Draganfly","og_url":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/","og_site_name":"Draganfly","article_publisher":"https:\/\/www.facebook.com\/draganflyinc\/","article_published_time":"2022-04-04T15:47:44+00:00","article_modified_time":"2022-06-29T19:37:51+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png","type":"image\/png"}],"author":"Ali Sedighi","twitter_card":"summary_large_image","twitter_creator":"@draganflyinc","twitter_site":"@draganflyinc","twitter_misc":{"Written by":"Ali Sedighi","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#article","isPartOf":{"@id":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/"},"author":{"name":"Ali Sedighi","@id":"https:\/\/draganfly.com\/#\/schema\/person\/d173016e2ef027a5ff6b5eec8e12c2bb"},"headline":"Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales","datePublished":"2022-04-04T15:47:44+00:00","dateModified":"2022-06-29T19:37:51+00:00","mainEntityOfPage":{"@id":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/"},"wordCount":2053,"publisher":{"@id":"https:\/\/draganfly.com\/#organization"},"image":{"@id":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#primaryimage"},"thumbnailUrl":"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png","articleSection":["News","Press Release"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/","url":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/","name":"Draganfly Earns New Record Fourth Quarter Sales and New Record Annual Sales - Draganfly","isPartOf":{"@id":"https:\/\/draganfly.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#primaryimage"},"image":{"@id":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#primaryimage"},"thumbnailUrl":"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png","datePublished":"2022-04-04T15:47:44+00:00","dateModified":"2022-06-29T19:37:51+00:00","description":"Draganfly","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/draganfly.com\/news\/draganfly-earns-new-record-fourth-quarter-sales-and-new-record-annual-sales\/#primaryimage","url":"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png","contentUrl":"https:\/\/draganfly.com\/wp-content\/uploads\/2022\/04\/DRAGANFLY-TW-Q4.png","width":1600,"height":900},{"@type":"WebSite","@id":"https:\/\/draganfly.com\/#website","url":"https:\/\/draganfly.com\/","name":"Draganfly","description":"A Trusted Name in UAV Hardware, Software, Sensors &amp; Services for Over 20 Years","publisher":{"@id":"https:\/\/draganfly.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/draganfly.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/draganfly.com\/#organization","name":"Draganfly, Inc.","url":"https:\/\/draganfly.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/draganfly.com\/#\/schema\/logo\/image\/","url":"https:\/\/draganfly.com\/wp-content\/uploads\/2020\/03\/new-df-logo-blue-v2.png","contentUrl":"https:\/\/draganfly.com\/wp-content\/uploads\/2020\/03\/new-df-logo-blue-v2.png","width":872,"height":250,"caption":"Draganfly, Inc."},"image":{"@id":"https:\/\/draganfly.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/draganflyinc\/","https:\/\/x.com\/draganflyinc"]},{"@type":"Person","@id":"https:\/\/draganfly.com\/#\/schema\/person\/d173016e2ef027a5ff6b5eec8e12c2bb","name":"Ali Sedighi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/draganfly.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0945596e8577300109bb904c315ad4c2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0945596e8577300109bb904c315ad4c2?s=96&d=mm&r=g","caption":"Ali Sedighi"},"url":"https:\/\/draganfly.com\/author\/alibusinessinstincts-com\/"}]}},"_links":{"self":[{"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/posts\/7374"}],"collection":[{"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/comments?post=7374"}],"version-history":[{"count":0,"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/posts\/7374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/media\/7381"}],"wp:attachment":[{"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/media?parent=7374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/categories?post=7374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/draganfly.com\/wp-json\/wp\/v2\/tags?post=7374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}