Financial Performance - First-quarter 2024 revenues declined to $3.9 million from $4.1 million the previous year, primarily due to a 42% year-over-year drop in sales of the eBee drone series and a 5.4% fall in SaaS revenues [1] - The company posted an operating loss of $2.4 million in the first quarter of 2024, highlighting operational inefficiencies and market challenges [1] - Net cash used in operating activities amounted to $1.55 million for the quarter ended on Mar 31, 2024, with a working capital deficit of $1.97 million, raising doubts about long-term sustainability [9] Financial Risks and Challenges - Significant debt obligations, including a $4.75-million convertible note due January 2025, create financial strain [2] - High inventory levels and frequent stock issuances have led to shareholder dilution and declining investor confidence [10] - A recent 1-for-20 reverse stock split has exacerbated concerns about financial instability [10] - Customer concentration risks are significant, with one customer accounting for 10.1% of total accounts receivable in 2023 [6] Growth Drivers and Market Positioning - Strategic acquisitions in 2021 expanded the company's product portfolio, integrating advanced UAS, sensors, and software solutions [3] - Flagship products, such as the eBee series drones and Altum-PT sensors, cater to diverse industries, enhancing market presence [3] - The company has a robust global network and manufacturing operations in the United States and Switzerland, positioning it well to serve international markets [11] - Regulatory milestones, including approvals for Beyond Visual Line of Sight and Operations Over People in multiple regions, have been achieved [11] Valuation and Market Response - The company's stock valuation reflects its financial struggles, trading at a significant discount compared with industry peers [4] - The market has responded negatively to the company's financial instability, resulting in a steep decline in its stock price over the past year [4] Industry and Company Overview - Founded in 2010, the company designs and delivers drones, sensors, and software solutions for various industries, including agriculture, military, public safety, and utilities [7] - Despite its broad product portfolio and significant market presence, financial challenges overshadow its operational achievements [7]

WICHITA, Kan., July 17, 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, has announced that the Company has secured a purchase order to deliver 10 eBee X lightweight mapping drone systems, batteries, backpacks, and limited spares, to a leading distributor in Brazil, Santiago & Cintra, the selected supplier for the National Department ...

Drones performed optimally over three days at Fort Irwin in the Mojave Desert Bill Irby, CEO of AgEagle, commented, "The extreme heat of the Mojave Desert presents a very challenging environment for electronic platforms to operate successfully. As expected, our eBee VISION and eBee TAC units performed with no issues over three days and were able to conduct multiple Beyond Visual Line of Sight (BLVOS) flights on the standard antenna configuration." For more information on the eBee VISION and eBee TAC visit: ...

Core Insights - AgEagle Aerial Systems Inc. has secured a purchase order for 20 eBee VISION full-stack systems valued at approximately $2 million for fiscal year 2024, aimed at enhancing public safety and security in the UAE [1][2] Company Overview - AgEagle Aerial Systems Inc. specializes in providing full stack flight hardware, sensors, and software for commercial and government applications, originally focusing on the agriculture sector [2] - The company has evolved to serve various industries including energy, construction, agriculture, and government, establishing itself as a leading provider of drone solutions [2] Product Details - The eBee VISION system is designed for intelligence, surveillance, and reconnaissance missions, featuring extended range and increased flight time, making it suitable for the public safety and security sector [3]

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 March 31, 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) | Nevada | 88-0422242 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR | Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | | --- | --- | --- | | Common Stock, par value $0.001 per share | UAVS | NYSE American LLC | Securities registered pursuant to Section 12(g) of the Act: None. ☐ TRANSITION REPORT PURSUANT TO SECTION ...

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 September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (620) 325-6363 Securities registered pursuant to Section 12(b) of the Act: | | | Securities registered pursuant to Section 12(g) of t ...

AgEagle Aerial Systems, Inc. (NYSE:UAVS) Q2 2023 Earnings Conference Call August 15, 2023 4:30 PM ET Company Participants Barrett Mooney - CEO Nicole Fernandez-McGovern - EVP, Operations & CFO Conference Call Participants Operator Good afternoon, everyone, and welcome to AgEagle Aerial Systems 2023 Second Quarter Results Webcast. Presenting on today's webcast are AgEagle's Chairman and CEO, Barrett Mooney; and Nicole Fernandez-McGovern, the company's Chief Financial Officer and Executive Vice President of O ...

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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark whether the registrant (1) has filed all reports r ...

AgEagle Aerial Systems, Inc. (NYSE:UAVS) Q1 2023 Earnings Conference Call May 16, 2023 4:30 PM ET Company Participants Barrett Mooney - Chief Executive Officer Conference Call Participants Operator Good day everyone, and thank you for logging into AgEagle's Corporate Update Webcast. Joining us from AgEagle is Chief Executive Officer and Chairman of the Board, Barrett Mooney. Before I turn it over to Barrett, I would like to remind you that during today's call, including the question-and-answer session, stat ...