- AgEagle Aerial Systems Inc UAVS reported second-quarter FY22 revenue growth of 173% year-on-year to $5.29 million.
- Segments: Sensor sales totaled $2.10 million, up 23% Y/Y, Software subscription sales totaled $0.33 million, up 30% Y/Y, and Drone sales totaled $3.04 million.
- Margin: The loss from operations totaled $(5.39) million compared to $(4.82) million following a decline in gross profit margins due to supply chain constraints and higher operating costs.
- AgEagle held $13.5 million in cash and equivalents, and its EPS loss was $(0.07).
- Price Action: UAVS shares traded lower by 12.60% at $0.69 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
