Draganfly Inc reports results for the quarter ended September 30 - Earnings Summary

• Draganfly Inc DPRO.CD reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-3.25. The mean expectation of two analysts for the quarter was for a loss of $1.16 per share. Wall Street expected results to range from C$-1.37 to -95 cents per share.

• Revenue fell 11.8% to $1.89 million from a year ago; analysts expected C$2.25 million.

• Draganfly Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of C$200.19 thousand.

• Draganfly Inc shares had risen by 4.3% this quarter and lost 77.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "buy"

Wall Street's median 12-month price target for Draganfly Inc is 6.00

This summary was machine generated from LSEG data November 15 at 02:08 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)