Share | 04/05/2023
Company’s Leadership to Host Corporate Update Via Live Audio
Webcast Today at 4:30 PM ET
WICHITA, KS / April 4, 2023 / AgEagle Aerial Systems Inc. (NYSE American:UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full stack flight hardware, sensors, and software for commercial and government use, today announced its financial results for the full year ended December 31, 2022.
Financial Highlights for the Twelve Months Ended December 31, 2022 Compared to Prior Year
For more detailed information on AgEagle’s 2022 financial results, please refer to the Company’s Annual Report on Form 10-K, which will soon be filed with the U.S. Securities and Exchange Commission and accessible at www.sec.gov and on AgEagle’s website, www.ageagle.com.
Nicole Fernandez-McGovern, Chief Financial Officer and Executive Vice President of Operations, stated, “2022 marked another year of notable progress with continued momentum in market adoption of our next-generation autonomous solutions, matched by steady execution of our growth strategies. As we look ahead to 2023, we anticipate that AgEagle will continue to increase sales, expand margins and capitalize on the flow through of material cost savings resulting from the consolidation of our operations and business units this past year.”
2022 Operational Highlights and Recent Developments
“AgEagle continues to make great strides in earning distinction as a drone company that commercial and government organizations worldwide rely on to supply them with numerous competitive advantages and operational benefits afforded by advanced unmanned aerial systems,” said Barrett Mooney, AgEagle Chairman and CEO. “Our hard work during the past year, our global network of resellers and business partners, and continued innovation of our full stack of leading-edge UAS solutions are enabling AgEagle to meet the needs of our customers and the evolving demands of a growing industry. As we further consolidate our operations and continue to capitalize on sales momentum in the commercial and government markets, we believe AgEagle is well-positioned for continued success in 2023 and beyond.”
Corporate Update Webcast Details
As a reminder, AgEagle’s leadership will host the Company’s 2022 Year-End Corporate Update via live audio webcast today, April 4, 2023, beginning at 4:30 p.m. ET/1:30 p.m. PT. To access the webcast, please go to https://www.webcaster4.com/Webcast/Page/2160/47760. If you have any difficulty connecting to the webcast, please contact Gateway Group at 949-574-3860. A replay of the discussion will be available on the Company’s website at https://ageagle.com/investors/presentations/ within 24 hours following the conclusion of the live event.
About AgEagle Aerial Systems Inc.
Through its three centers of excellence, AgEagle is actively engaged in designing and delivering best-in-class flight hardware, sensors and software that solve important problems for its 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 website at www.ageagle.com.
This 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.
AgEagle Aerial Systems Contacts:
Gateway Investor Relations
Matt Glover or Cody Cree
SOURCE: AgEagle Aerial Systems, Inc.
View source version on accesswire.com:
Sign up to receive updates directly to your inbox.