Wichita, Kansas, Oct. 03, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) ("AgEagle" or the "Company"), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, announced today a reverse stock split of its authorized, issued and outstanding common stock, par value $0.001 per share, at a ratio of one (1) share of common stock for every fifty (50) shares of common stock, effective as of 5:00 p.m. (Eastern Time) on October 14 ...

Annual event featured UAS industry leaders determined through rigorous selection process WICHITA, Kan., Oct. 03, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announces the Company was selected to participate in the REPMUS 2024 Exercise co-hosted by NATO. Exercises and demonstrations took place September 9 -27, 2024 in Troia ...

Wichita, Kan., Oct. 01, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) ("AgEagle" or the "Company"), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced the closing of a public offering with gross proceeds to the Company of approximately $6.5 million, before deducting placement agent fees and other estimated offering expenses payable by the Company. The offering consisted of 26,899,996 Units, each con ...

Wichita, Kan., Sept. 30, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) ("AgEagle" or the "Company"), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, today announced the pricing of a public offering with gross proceeds to the Company expected to be approximately $6.5 Million, before deducting placement agent fees and other estimated offering expenses payable by the Company. The offering consists of 26,900,000 Uni ...

From July to mid-August sensor and sensor-related purchase orders total approximately $800,000 WICHITA, Kan., Aug. 22, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) ("AgEagle" or the "Company"), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, announces the Company has received numerous purchase orders totaling approximately $800,000 of sensors and sensor-related accessories through its network of Value Added Res ...

From July to mid-August sensor and sensor-related sales total $833,610 WICHITA, Kan., Aug. 22, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) ("AgEagle" or the "Company"), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, announces the Company has sold $833,610 of sensors and sensor-related accessories through its vast network of Value Added Resellers ("VAR") from July 1, 2024 to Aug 15, 2024. The Company closed sa ...

Core View - AgEagle Aerial Systems showed notable progress in Q2 2024, with a significant reduction in net loss per share and a modest revenue increase driven by cost-control measures and operational efficiency [1][3] - The company is focusing on high-growth sectors like defense and security while pursuing additional funding to sustain operations and drive growth [2] Q2 Results - Net loss per share improved to 24 cents in Q2 2024 from $1.10 in the prior-year quarter [3] - Revenues increased by 3.5% to $3.39 million from $3.28 million in the prior-year quarter [3] - The reduction in losses was supported by cost-control measures and a diversified product portfolio [3] Segmental Performances - Drones segment revenues grew 7.5% to $1.35 million, driven by higher sales of eBee drone products [4] - Sensors segment revenues increased 3.7% to $1.95 million, fueled by strong demand for panchromatic sensor series like RedEdge and Altum [5] - SaaS segment revenues declined to $88,590 from $0.14 million due to decreased subscription services for Ground Control platforms [6] Profitability - Net loss improved to $2.93 million from $5.29 million in the prior-year quarter, driven by reduced inventory purchases and a favorable cost structure [7] - Operating loss decreased to $2.54 million from $4.87 million [8] - Gross profit margin declined to 36.4% from 39.1%, but gross profit increased to $1.55 million from $1.03 million [8] Costs - Operating expenses decreased by 30.6% to $4.10 million, with general and administrative expenses falling 32.6% to $2.36 million and R&D costs declining 21% to $1.08 million [9] Cash & Debt - Cash reserves improved to $0.98 million as of Jun 30, 2024, from $0.82 million at the end of 2023 [10] - Total assets declined slightly to $22.8 million, with inventories decreasing 8% to $6.38 million and accounts receivable falling 25.2% to $1.54 million [11] - Total liabilities increased marginally to $14.8 million from $14.5 million [11] Management's View - Management emphasized the need for additional liquidity to meet financial obligations and is pursuing strategies to secure funding and streamline operations [12] Other Developments - The company amended agreements with Alpha Capital Anstalt to improve financial flexibility and support long-term strategic initiatives [13] - AgEagle is focusing on expanding its market reach in defense and security sectors, capitalizing on the demand for drone surveillance [14] - The company is exploring growth opportunities through acquisitions targeting advanced technologies and strong intellectual property portfolios [15]

Delivery of the initial 20 of 49 systems effectuates the largest single purchase order in Company history WICHITA, Kan., Aug. 20, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) ("AgEagle" or the "Company"), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, announces the delivery of the first 20 eBee VISION systems to its reseller for French Army surveillance operations. Each system consists of an eBee VISION UAV, g ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 001-36492 AGEAGLE AERIAL SYSTEMS INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | |- ...

WICHITA, Kan., July 25, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE:UAVS) ("AgEagle" or the "Company"), an industry-leading provider of best-in-class full stack flight hardware, sensors, and software for commercial and government use, announces that the Company has recently completed a training exhibition for key defense and public safety partners in the U.S.: Darley, GeoAcuity, Hexagon US Federal, and Tough Stump Technologies. Bill Irby, AgEagle's CEO, commented, "The advanced capabilities o ...