AgEagle Aerial Systems Highlights Historic Sales Achievements and New Strategic Vision in 2024

GlobeNewswire12-23 21:00

Refined mission yields record orders and significant net profitability improvements WICHITA, Kan., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Management of AgEagle Aerial Systems Inc.(NYSE: UAVS) (“AgEagle” ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2493824757?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/F3bCnqbXL6DR9OXXw6_YiA--~B/aD03Njt3PTIwNzthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/globenewswire.com/c603f6cde461d372b43bbd03f33d808d","is_english":true,"pubTime":"2024-12-23 21:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2493824757","market":"us","top_or_hot":-1,"title":"AgEagle Aerial Systems Highlights Historic Sales Achievements and New Strategic Vision in 2024","media":"GlobeNewswire","content":"<div>\n<p>Refined mission yields record orders and significant net profitability improvements \nWICHITA, Kan., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Management of AgEagle Aerial Systems Inc.(NYSE: UAVS) (“AgEagle” ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ageagle-aerial-systems-highlights-historic-130000945.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AgEagle Aerial Systems Highlights Historic Sales Achievements and New Strategic Vision in 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAgEagle Aerial Systems Highlights Historic Sales Achievements and New Strategic Vision in 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-23 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ageagle-aerial-systems-highlights-historic-130000945.html><strong>GlobeNewswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Refined mission yields record orders and significant net profitability improvements \nWICHITA, Kan., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Management of AgEagle Aerial Systems Inc.(NYSE: UAVS) (“AgEagle” ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ageagle-aerial-systems-highlights-historic-130000945.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UAVS","symbol_name":"AgEagle Aerial Systems, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/ageagle-aerial-systems-highlights-historic-130000945.html","article_id":"2493824757","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/F3bCnqbXL6DR9OXXw6_YiA--~B/aD03Njt3PTIwNzthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/globenewswire.com/c603f6cde461d372b43bbd03f33d808d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493824757","pubTimestamp":1734958800,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Refined mission yields record orders and significant net profitability improvements. WICHITA, Kan., Dec. 23, 2024  -- Management of AgEagle Aerial Systems Inc. , a leading provider of best-in-class unmanned aerial systems , sensors and software solutions for customers worldwide in the commercial and government verticals, highlights the Company’s historic sales achievements and new strategic vision in a Letter to Shareholders from CEO Bill Irby.Without question, 2024 has been a landmark year for AgEagle. We executed a new strategic plan for growth, implemented operational enhancements, and achieved historic sales orders and net profitability increases. We believe the growing demand for our innovative drone and sensor technologies underscores the trust our clients place in our ability to deliver high-quality, reliable intelligence, surveillance, and reconnaissance solutions as we shifted to a focus on the defense and government verticals.Our robust sales performance is a testament to the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"UAVS":"AgEagle Aerial Systems, Inc."},"translate_title":"AgEagle Aerial Systems强调2024年历史性销售成就和新战略愿景","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UAVS":0.9},"content_text":"Refined mission yields record orders and significant net profitability improvements \nWICHITA, Kan., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Management of AgEagle Aerial Systems Inc.(NYSE: UAVS) (“AgEagle” or the “Company”), a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, highlights the Company’s historic sales achievements and new strategic vision in a Letter to Shareholders from CEO Bill Irby.\nDear Fellow Shareholders,\nWithout question, 2024 has been a landmark year for AgEagle. We executed a new strategic plan for growth, implemented operational enhancements, and achieved historic sales orders and net profitability increases. We believe the growing demand for our innovative drone and sensor technologies underscores the trust our clients place in our ability to deliver high-quality, reliable intelligence, surveillance, and reconnaissance solutions as we shifted to a focus on the defense and government verticals.\nOur robust sales performance is a testament to the hard work and dedication of our team, as well as our strategic focus on expanding our market reach and enhancing our product offerings. These achievements not only reinforce our position as an industry leader but also pave the way for sustained growth and long-term shareholder value creation. Record Sales Achievements\nWe achieved three of the largest product orders in AgEagle’s history:\n\n49 UAS eBee Drone order for the French military\n20 UAS Drone order for the UAE security forces\n60 RedEdge-P multispectral sensors for East Asia to conduct seaweed species research and red tide outbreak\n\nOperational Highlights\nAs we celebrate these sales milestones, we are also proud of our focused execution of a new mission and vision reflecting our commitment to driving innovation and strengthening our industry leadership role. Most notably, as previously announced, we:\n\nRebuilt our entire leadership team to focus on growing the company while appointing three new highly qualified and experienced board directors, L.B. Day, Brent Klavon and Kevin Lowdermilk\nCompleted a $6.5M public offering, providing working capital, and helping to reduce debt on our balance sheet\nGarnered an invitation to the White House to engage in strategic discussions regarding the future of commercial unmanned aerial vehicles (UAVs) with government officials from the National Security Council and National Economic Council to explore a variety of issues including supply chain security, manufacturing, and policies related to beyond visual line of sight operations (BVLOS) in U.S. airspace\nReceived Green UAS Certification from AUVSI, verifying our cybersecurity protection and supply chain risk in concert with NDAA compliance\nExhibited our best-in-class unmanned aerial systems (UAS), sensors and software solutions at a variety of prestigious exhibition events organized by key partners including NATO, U.S. Department of Defense and a variety of others.\nRealized net profitability improvements comparing Q-3 2024 9-month financials against the same period for the pervious year\n\nLooking forward, AgEagle remains dedicated to continuing growing sales and building on the momentum generated together this year relying on the support of our valued shareholders, employees, and partners. We are plan to strengthen our product lines, explore new markets, and form strategic partnerships that we believe will enhance our capabilities and widen our footprint within both the defense and commercial aerial intelligence markets.\nWe are grateful for the support of our shareholders and confident in our strategic path forward to achieve new corporate heights and set new benchmarks in the drone industry. Thank you for being a part of our ongoing journey.\nSincerely yours,\nBill IrbyCEOAgEagle Aerial Systems\nAbout AgEagle Aerial Systems Inc.\nThrough its three centers of excellence, AgEagle is actively engaged in designing and delivering best-in-class flight hardware, sensors and software that solve important problems for its customers. Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, AgEagle is a leading provider of full stack UAS, sensors and software solutions for customers worldwide in the energy, construction, agriculture, and government verticals. For additional information, please visit our website at www.ageagle.com.\nForward-Looking Statements\nCertain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “suggest,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on AgEagle’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including risks related to the timing and fulfilment of current and future purchase orders relating to AgEagle’s products, the success of new programs, the ability to implement a new strategic plan and the success of a new strategic plan. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of AgEagle in general, see the risk disclosures in the Annual Report on Form 10-K of AgEagle for the year ended December 31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by AgEagle. All such forward-looking statements speak only as of the date they are made, and AgEagle undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise.\nAgEagle Aerial Systems Contacts\nInvestor Relations:\nEmail: UAVS@ageagle.com\nMedia:\nEmail: media@ageagle.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493824757"}