WICHITA, Kan., Aug. 16, 2021 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of drones, sensors and software, today announced its financial results for the second quarter reporting period ended June 30, 2021.
Commenting on the results, Brandon Torres Declet, AgEagle’s Chief Executive Officer, stated, “Our strong second quarter results reflect our successful execution and emboldens our resolve to build enduring, long-term shareholder value by remaining focused on research and development, building internal talent and collaboration across our brands, and driving the implementation of growth strategies aimed at bringing innovative new solutions to global enterprises. Delivering high performance, full stack, drone solutions to a broad range of industries, including energy, construction, agriculture and government, it is our firm belief that AgEagle can positively disrupt and help to transform how businesses within these verticals operate.”
Financial Highlights for the Three-Months Ended June 30, 2021, and 2020
Financial Highlights for the Six-Months Ended June 30, 2021, and 2020
Second Quarter 2021 Operational Highlights
Continuing, Declet said, “We have made significant strides operationally over the past several months, increasing our confidence in our plan to continue investing in the design and development of true leading-edge drones, sensors and software solutions capable of providing our customers with material cost-saving efficiencies, data-backed actionable intelligence and enhanced safety and security for their workforces and worksites. We’ve also recently added key leadership roles to our growing team and are actively seeking many more talented and motivated professionals to join our organization and purpose-driven culture.”
“Looking ahead, we intend to continue to invest in our own innovations, pioneering new and enhanced products and solutions that enable us to exceed the expectations of our customers and support our ecosystem of partners and, most specifically, our value-added-resellers (VARs). Moreover, through our active advocacy efforts and direct involvement with government- and industry-sponsored agencies and organizations, we believe our Company will remain at the forefront of shaping the rulemaking guidelines and regulations that will help to make autonomous flight of unmanned aerial systems safe, reliable, and accessible to more businesses worldwide,” concluded Declet.
For more detailed information on AgEagle’s second quarter financial results, please view the related Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission and available at www.sec.gov.
Corporate Update Conference Call and Webcast:
As a reminder, AgEagle’s leadership team will host a live conference call and webcast today, beginning at 11:00 AM Eastern Time. The corporate update will be broadcast live and available for replay here or via AgEagle’s website at https://ageagle.com/events/ shortly after the call concludes.
About AgEagle Aerial Systems Inc.AgEagle and its wholly owned subsidiaries, MicaSense and Measure Global, are actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our customers. Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, AgEagle is a leading provider of full stack drone solutions for customers worldwide in the energy, construction, agriculture, and government verticals. For additional information, please visit our websites at www.ageagle.com, www.measure.com and www.micasense.com.
Forward-Looking StatementsThis press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ materially from management’s current expectations include those risks and uncertainties relating to our competitive position, the industry environment, potential growth opportunities, and the effects of regulation and events outside of our control, such as natural disasters, wars, or health epidemics. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
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