Draganfly Q2 EPS $(0.07) Up From $(0.12) YoY, Sales $1.27M Down From $1.41M YoY
Portfolio Pulse from Benzinga Newsdesk
Draganfly (NASDAQ:DPRO) reported Q2 earnings per share (EPS) of $(0.07), an improvement from $(0.12) YoY. Sales were $1.27M, down from $1.41M YoY.
August 13, 2024 | 9:04 pm
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Draganfly reported Q2 EPS of $(0.07), an improvement from $(0.12) YoY, but sales decreased to $1.27M from $1.41M YoY.
The improvement in EPS is a positive sign, indicating better cost management or operational efficiency. However, the decline in sales is a concern, suggesting potential issues with demand or market conditions. The mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100