Draganfly Inc. (DPRO) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I think to respect everyone's time, I think we will get started. So again, greetings, welcome to all the shareholders and stakeholders on today's Dragonfly 2025 Q1 earnings call. My name is Roley Bustos. I am the Internal Investor Relations Representative here at Dragonfly. We appreciate you all joining us. We'll start as usual with our CEO and President Cameron Schell recapping the first quarter earnings headlines. Next will be a more detailed financial review with our CFO, Paul Sun, who will then conclude by addressing the pre-submitted questions we've received. As always, you can reach out to me directly at investor.relations at dragonfly.com. I remind everyone this presentation may include forward-looking information and statements. These statements are not guarantees of future performance or financial results, and undue reliance should not be placed on them. Any future events or financial results may differ from what might be discussed here. The company's results and statements are accurate as of today, May the 8th, 2025. We're under no obligation to update or renew these statements outside of material press release disclosure going forward. The full forward-looking statement and disclaimer can be found on page two of this presentation. So Cam, please go ahead. Great. Thanks very much, Roli. Thank you to everybody for taking the time to join us here today. We appreciate it. If we just move ahead a couple of slides, that'd be great. So Q1 saw a lot of activity as I'm sure it did in the entire industry. And so our revenue was $1.547 million, which is a 16% year over year increase. We had a gross profit of $310,000. And at the end of the quarter, we had cash of about just over $2 million. So next slide, please. Thanks. In terms of the activity that we encountered o...