Three and Nine Month 2021 Revenues Climb 169% and 389%, Respectively, Year-Over-Year
Company’s Leadership to Host Corporate Update Via Webcast Today at 4:30 PM ET
WICHITA, Kan., Nov. 15, 2021 — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions, today announced its financial results for the three and nine months ended September 30, 2021.
Brandon Torres Declet, Chief Executive Officer of AgEagle, stated, “The scaling of our business through our strategic acquisition initiatives has led to record revenues for our Company, providing the framework for improving our fundamentals. Results continue to be driven by our strong customer and reseller relationships and through the unification of our product portfolios serving the energy, construction, agriculture and government verticals. Moreover, our recent acquisition of senseFly, one of the world’s leading fixed-wing drone companies, strengthens the customer appeal our proprietary full stack drone solution offerings. These are exciting times for AgEagle, and we are confident in our ability to execute on the growth opportunities ahead of us.”
Financial Highlights for the Three Months Ended September 30, 2021 Compared to September 30, 2020
Financial Highlights for the Nine Months Ended September 30, 2021 Compared to September 30, 2020
For more detailed information on AgEagle’s third quarter 2021 financial results, please refer to the 10-Q filed with the U.S. Securities & Exchange Commission, accessible at www.sec.gov and on AgEagle’s website, www.ageagle.com.
Corporate Update Webcast Today
As a reminder, AgEagle’s leadership will host the Company’s third quarter 2021 corporate update via webcast today beginning at 4:30 PM ET. The corporate update will be broadcast live and available for replay via the link above. If you have any difficulty connecting to the webcast, please contact Gateway Investor Relations at 949-574-3860.
To access the webcast, please go to https://www.webcaster4.com/Webcast/Page/2160/43184.
About AgEagle Aerial Systems Inc.
AgEagle and its wholly owned subsidiaries 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.
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.
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