![]() ![]() The Company recorded a comprehensive loss of $16.40 million compared to $8.02 million in 2020.As a percentage of sales, gross margin decreased from 40.3% in 2020 to 37.5% in 2021 based on product mix. As a result of increased product sales and service revenue, the Company’s Gross Profit increased by $883,488 or 50.2%.Product sales increased $2,016,176 or 65.3% in 2021 as compared to 2020 while services revenue increased $674,178 or 52.8% in 2021 compared to 2020. Total revenue for the year ended December 31, 2021, increased to another level by 61.7% to $7.05 million, compared to $4.36 million in 2020.Services revenue of $645,667 was steady while drone services sales of $1,304,799 was up 107% over the same period in 2020 due to the gradual shift towards providing more services. Total 2021 revenues increased by $2,690,354 from $4,363,511 in 2020 to $7,053,865 with the bulk of this revenue coming from product sales. The financial year 2021 was another milestone year for Draganfly as 2021 marked another record revenue year for the Company. Revenue growth for the fourth quarter and the year was driven by a combination of organic growth, including strong drone product and services sales and ongoing traction with Vital Intelligence, the Company’s health monitoring line that utilizes AI technology. ![]() (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“ Draganfly” or the “ Company”), an award-winning, industry-leading drone solution developer and operator, is pleased to announce its fourth quarter and fiscal 2021 financial results. Los Angeles, CA., Ap(GLOBE NEWSWIRE) - Draganfly Inc. ![]()
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