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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Draganfly
Draganfly (DPRO) investor relations material
Draganfly Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary10 Nov, 2026
Executive summary
Q3 revenue was CAD 2.05m, down 5.0% YoY; reported gross margin was 6.3%, rising to 24.2% excluding the CAD 366,609 inventory write-down.
Strategic focus shifted toward larger defence and government programs, including selection for up to 5,000 Canadian tactical ISR systems and qualification across all five Defence Drone Initiative Marketplace streams.
Cash was CAD 128.61m at quarter-end; U.S. and Canadian defence operations expanded, and Heavy Lift received FAA Section 44807 clearance for specified operations.
Financial highlights
Q3 revenue was CAD 2.05m versus CAD 2.16m in Q3 2025; nine-month revenue was CAD 7.03m versus CAD 5.82m.
Product sales were CAD 1.61m and nearly flat YoY; drone services contributed CAD 436k, with lower services revenue driving the decline.
Gross profit was CAD 128,957 versus CAD 421k; excluding inventory write-downs, adjusted gross profit was CAD 495,566 versus CAD 464k.
Q3 net loss was CAD 12.83m versus CAD 5.17m; comprehensive loss was CAD 13.03m, or adjusted CAD 12.61m versus CAD 3.58m.
Nine-month net loss was CAD 30.49m versus CAD 13.36m in 2025.
Outlook and guidance
Management sees a revenue inflection around Q2-Q3 2027, later than previously expected, amid U.S. funding delays and Canadian program timing.
The Canadian tactical ISR selection covers up to 5,000 drones and CAD 25m; the first 100 are for testing and training, with further orders dependent on demand.
Priorities include fulfilling existing contracts and advancing larger procurement opportunities; long procurement cycles may delay revenue, and production is being managed for anticipated requirements.
Management cited at least two additional announcements before year-end and involvement in 19 Canadian military RFPs.
Public safety plans include a DFR product and campus expansion after implementation at three sites; 1,500 campuses have inquired.
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Latest events from Draganfly
- Q2 2026 revenue up 26% year-over-year, but losses widened on higher costs and non-cash charges.DPRO
Q2 2026 - Delivers secure, full-stack drone solutions with growing revenues and key defense partnerships.DPROCorporate presentation
- All agenda items were approved without objection, and no questions were raised.DPROAGM 2026
- Q1 2026 revenue rose 49%, cash surged, but gross margin fell and losses increased.DPROQ1 2026
- Record revenue growth and strong cash reserves support global expansion despite higher losses.DPROQ4 2025
- UAV provider seeks to raise $300M for growth amid defense wins and ongoing operating losses.DPRORegistration Filing
- Directors and auditors were approved, 2023 financials presented, with no questions raised.DPROAGM 2024
- Q3 revenue rose sequentially, loss narrowed, and new contracts and launches drive growth.DPROQ3 2024
- Q2 revenue up 30% sequentially, with new products, contracts, and partnerships fueling growth.DPROQ2 2024
Next Draganfly earnings date
Q4 202625 Mar, 2027
Draganfly
Next Draganfly earnings date
Q4 202625 Mar, 2027
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Frequently asked questions
Draganfly Inc. is a technology company that designs and manufactures drones and unmanned aerial systems (UAS) for a variety of industries. The company provides drone solutions for sectors such as agriculture, public safety, infrastructure, and environmental monitoring. In addition to hardware, Draganfly offers integrated software and data services for aerial imaging, surveying, mapping, and real-time data analytics. Its products are used for applications like precision agriculture, search and rescue, and infrastructure inspection. The company is headquartered in Saskatoon, Saskatchewan, and its shares are listed on the NASDAQ.