{"id":961125,"date":"2026-05-11T19:05:24","date_gmt":"2026-05-11T23:05:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/draganfly-announces-record-first-quarter-results-of-2026\/"},"modified":"2026-05-11T19:05:24","modified_gmt":"2026-05-11T23:05:24","slug":"draganfly-announces-record-first-quarter-results-of-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/draganfly-announces-record-first-quarter-results-of-2026\/","title":{"rendered":"Draganfly Announces Record First Quarter Results of 2026"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <b>Vancouver, BC., May  11, 2026  (GLOBE NEWSWIRE) &#8212; <\/b>Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its first quarter financial results.<\/p>\n<p align=\"justify\">\n        <b>Key Financial and Operational Highlights for Q1 2026:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Revenue for the first quarter of 2026 was $2,312,353 which represents a 49.4% year over year increase. Product sales of $2,232,132 were up 44.8% over the same period last year.<\/li>\n<li style=\"text-align:justify\">Gross profit for Q1 2026 was $347,761, up 12.1% from $310,088 for the same period last year. Gross margin percentage for Q1 2026 was 15.0% compared to 20.0% in Q1 2025. Gross profit would have been $453,601 and gross margin would have been 19.6%, not including a one-time non-cash write down of inventory of $105,840. The decrease is due to the sales mix of the products sold.<\/li>\n<li style=\"text-align:justify\">The comprehensive loss for the period of $5,711,284 includes non-cash changes comprised of a positive change in fair value derivative of $1,047,731, a write down of inventory of $105,840, and a share issuance cost of $2,412,431 related to a derivative liability from the February financing and its treatment on the income statement against the balance sheet, and would otherwise be a comprehensive loss of $4,240,744 compared to an adjusted comprehensive loss of $3,656,159 for the same period last year. Contributors to the year-over-year increase are increased office and miscellaneous, employee and management costs, and travel.<\/li>\n<li style=\"text-align:justify\">Cash balance on March 31, 2026, of $147,339,721 compared to $90,156,821 on December 31, 2025.<\/li>\n<li style=\"text-align:justify\">Draganfly announced the deployment of its drone platforms with Search and Rescue Sweden, integrated with Smith Myers ARTEMIS mobile phone detection and location systems for search-and-rescue operations. The deployment supports missing-person recovery, wilderness rescue, police support, and other public-safety missions, while validating Draganfly\u2019s Apex and Commander 3XL platforms for demanding operational environments.<\/li>\n<li style=\"text-align:justify\">Cameron Chell, Chief Executive Officer of the Company since August 2019, was appointed Executive Chairman of the Board.<\/li>\n<li style=\"text-align:justify\">Draganfly announced an award to provide Flex FPV drones and training to U.S. Air Force Special Operations Command units in partnership with DelMar Aerospace. The program includes FPV assembly, repair, flight operations, advanced mission planning, and execution training at DelMar Aerospace\u2019s Camp Pendleton UAS range training facility.<\/li>\n<li style=\"text-align:justify\">Draganfly announced its participation in the Canadian Army\u2019s first Collaborative Uncrewed Aircraft Systems Working Group in support of the Government of Canada\u2019s newly announced Defence Industrial Strategy. The Company\u2019s participation aligns with Canada\u2019s focus on strengthening sovereign defence capabilities, domestic production, and advanced uncrewed and autonomous aerial systems. <\/li>\n<li style=\"text-align:justify\">Draganfly announced the appointment of Lieutenant-General (Ret\u2019d) Michel Gauthier to its Military Advisory Board, adding more than 36 years of Canadian Armed Forces leadership experience. His appointment supports Draganfly\u2019s growing engagement with defence and government markets as Canada advances its renewed Defence Industrial Strategy.<\/li>\n<li style=\"text-align:justify\">Draganfly completed an exclusive Canadian Armed Forces capabilities demonstration at Area XO in Ottawa, Ontario, following its participation in the Canadian Army\u2019s MINERVA Uncrewed Aircraft Systems working group. The Company showcased multiple unmanned aerial systems and mission capabilities, including Commander 3XL, Overwatch, Apex ISR, and FPV tactical drone systems, despite challenging winter conditions.<\/li>\n<li style=\"text-align:justify\">Draganfly and Palladyne AI announced the successful completion of a key integration milestone, testing Palladyne AI\u2019s SwarmOS platform across Draganfly\u2019s mission-ready drone components and validating the system through flight simulation. The milestone advances the companies\u2019 work toward decentralized, autonomous swarm capabilities for defense applications in dynamic and contested environments.<\/li>\n<\/ul>\n<p align=\"justify\">Draganfly will hold a shareholder update and earnings call on May 11, 2026 at 2:30 p.m. PDT \/ 5:30 p.m. EDT.<\/p>\n<p>Registration for the call can be done<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=G6t8KSsgoX85QmSs6AnKIj3udRhC5k_1cXr5Me1edQt4YBQ7F72LgILhG0i_Kz5VINowhUmwf315jEGr-gJNipinm_NDc4I_oCqriNjWUjKfb7t7y7wfURKLbJ52Fnw56NDJGFz3hEYiY7LlyWWCn0P_3JHBaiziOrigD7UU6NY=\" rel=\"nofollow\" target=\"_blank\"> Here<\/a><\/p>\n<p align=\"justify\">Selected financial information is outlined below and should be read with Draganfly\u2019s consolidated financial statements for the quarter ended March 31, 2026, and associated management discussion and analysis, which will be available under the Company&#8217;s profile on SEDAR+ at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rmAC96iChSYnGtQz5fTXvz02s9qXbJApNE7khKy_dHZcgWPQXwLS02S2lS8sQK3fMTunHF7sMkPYcMEYUz1tXbphS8n5kXk2waQX17YNkwY=\" rel=\"nofollow\" target=\"_blank\">www.sedarplus.ca<\/a>\u00a0and filed on EDGAR at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rmAC96iChSYnGtQz5fTXv7Q39hmd5LQtBDFqx02e0vZZys_NJSONPMCuF6AIhioSBrfQSdfG9qvPW56Zsaqbug==\" rel=\"nofollow\" target=\"_blank\"><u>www.sec.gov<\/u><\/a>.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td colspan=\"6\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>Three months ended March 31,<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>2026<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>2025<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Total revenues<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>2,312,353<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,547,715<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Gross Margin (as a % of revenues) <sup>(1)<\/sup><\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>15.0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>%<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">20.0<\/td>\n<td style=\"vertical-align: bottom\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Net income (loss)<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(5,628,866<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(3,424,825<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Net income (loss) per share ($)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Basic<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(0.17<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.63<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Diluted<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(0.17<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.63<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Comprehensive income (loss)<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(5,711,284<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(3,433,712<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Comprehensive income (loss) per share ($)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Basic<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(0.18<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.63<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px;vertical-align: bottom\">&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Diluted<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(0.18<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.63<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Change in cash and cash equivalents<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>57,182,900<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(4,126,306<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <br \/>(1)\u00a0\u00a0\u00a0Gross Profit (as a % of revenues) would have been 19.6% and 17.5% not including a non-cash write down of inventory of $105,840 and a non-cash recovery of a write down of inventory of $38,666 for the three month period ending March 31, 2026, and 2025, respectively.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\n            <b>As at<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>March 31, 2026<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">December 31, 2025<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Total assets<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>161,135,816<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">101,387,873<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Working capital<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>154,355,940<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">95,242,327<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Total non-current liabilities<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>144,405<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">174,763<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Shareholders\u2019 equity<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>155,782,440<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">96,596,795<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">Number of shares outstanding<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>36,495,939<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">29,344,775<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <br \/>Shareholders\u2019 equity and working capital as at March 31, 2026, includes a fair value of derivative liability of $329,101 (2025 &#8211; $492,470) and would otherwise be $156,111,541 (2025 &#8211; $97,089,265) and $154,685,041 (2025 &#8211; $95,734,797), respectively.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>2026 Q1<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2025 Q4<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">2025 Q1<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Revenue<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>2,312,353<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,912,199<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">1,547,715<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Cost of sales<sup>(<\/sup><sup>2)<\/sup><\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(1,964,592<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,826,490<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(1,237,627<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Gross profit<sup>(<\/sup><sup>3)<\/sup><\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>347,761<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">85,709<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">310,088<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Gross margin \u2013 percentage<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>15.0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>%<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">4.5<\/td>\n<td style=\"vertical-align: bottom\">%<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">20.0<\/td>\n<td style=\"vertical-align: bottom\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Operating expenses<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(7,963,223<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(7,880,178<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(3,911,035<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Operating income (loss)<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(7,615,462<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(7,794,469<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(3,600,947<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: bottom\">Operating loss per share &#8211; basic<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(0.24<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.27<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.66<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px;vertical-align: bottom\">Operating loss per share &#8211; diluted<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(0.24<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.27<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.66<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Other income (expense)<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>1,986,596<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(1,829,827<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">176,122<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Change in fair value of derivative liability <sup>(1)<\/sup><\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>1,047,731<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(788,180<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">157,830<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Other comprehensive income (loss)<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(82,418<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">252,876<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(8,887<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;vertical-align: middle;vertical-align: bottom\">Comprehensive income (loss)<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(5,711,284<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(9,371,420<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(3,433,712<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0Comprehensive income (loss) per share &#8211; basic<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(0.18<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.33<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"vertical-align: bottom\">$<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">(0.63<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom\">\u00a0Comprehensive income (loss) per share &#8211; diluted<\/td>\n<td style=\"vertical-align: bottom\">\n            <b>\u00a0<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">\n            <b>$<\/b>\n          <\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <b>(0.18<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\n            <b>)<\/b>\n          <\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(0.33<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<td style=\"vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">(0.63<\/td>\n<td style=\"vertical-align: bottom\">)<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <br \/>(1)\u00a0\u00a0\u00a0Included in other income (expense).<br \/>(2)\u00a0\u00a0\u00a0Cost of goods sold includes a non-cash inventory write down in Q1 2026 of $105,840, a non-cash inventory write down of $244,000 in Q4 2025, and a recovery of a write down of inventory of $38,666 in Q1 20225 and would have been $1,858,752 in Q1 2026, $1,582,490 in Q4 2025, and $1,276,293 in Q1 2025.<br \/>(3)\u00a0\u00a0\u00a0Gross profit would have been $453,601 in Q1 2026, $329,709 in Q4 2025, and $271,422 in Q1 2025 without these write downs in 2 above. <\/p>\n<p><b>About Draganfly<\/b><\/p>\n<p align=\"justify\">Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is a leader in cutting-edge drone solutions and software that are transforming industries and serving stakeholders globally. Recognized for innovation and excellence for over 25 years, Draganfly delivers award-winning technology to the public safety, civil, military, agriculture, industrial inspection, security, mapping, and surveying markets. The Company is driven by passion, ingenuity, and a mission to provide efficient solutions and first-class services to customers worldwide, saving time, money, and lives.<\/p>\n<ul type=\"disc\">\n<li>\n          <a href=\"http:\/\/www.thecse.com\/en\/listings\/technology\/draganfly-inc\" rel=\"nofollow\" target=\"_blank\"><br \/>\n            <u>CSE<\/u><br \/>\n          <\/a>\n        <\/li>\n<li>\n          <a href=\"http:\/\/www.nasdaq.com\/market-activity\/stocks\/dpro\" rel=\"nofollow\" target=\"_blank\"><br \/>\n            <u>NASDAQ<\/u><br \/>\n          <\/a>\n        <\/li>\n<li>\n          <a href=\"http:\/\/www.boerse-frankfurt.de\/equity\/draganfly-inc-1\" rel=\"nofollow\" target=\"_blank\">FRANKFURT<\/a><br \/>\n          \n        <\/li>\n<\/ul>\n<p>\n        <b>Media Contact<\/b><br \/>\n        <br \/>Erika Racicot<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nQJ8hvNKp3QfgpjehjkqPbzYuKkbVhOeDElJRTnf9ZLCz9oAXlv0KvrbvA57O_I5B9AAbyG4Vw7WSH5_3RRTWh-HX3Jrfiw0fR3VxJwpnnI=\" rel=\"nofollow\" target=\"_blank\">media@draganfly.com<\/a><\/p>\n<p>\n        <b>Company Contact<\/b><br \/>\n        <br \/>Cameron Chell<br \/>Chief Executive Officer<br \/>(306) 955-9907<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iIzZxE0SFezZ82dJNkXdZJflRO1iHLVPmk0QWlXYqmG0lzMkz7mvYa16NCWmGFMJDD7XYq_nW8z_8N9wArX8ck1DkgO4gC_0jdL2oTpQcRw=\" rel=\"nofollow\" target=\"_blank\">info@draganfly.com<\/a><\/p>\n<p align=\"justify\">\n        <b>Note Regarding Non-GAAP Measures<\/b>\n      <\/p>\n<p align=\"justify\">In this press release we describe certain income and expense items that are unusual or non-recurring. There are terms not defined by International Financial Reporting Standards (IFRS). Our usage of these terms may vary from the usage adopted by other companies. Specifically, gross profit and gross margin are undefined terms by IFRS that may be referenced herein. We provide this detail so that readers have a better understanding of the significant events and transactions that have had an impact on our results.<\/p>\n<p align=\"justify\">Throughout this release, reference is made to \u201cgross profit,\u201d and \u201cgross margin,\u201d which are non-IFRS measures. Management believes that gross profit, defined as revenue less operating expenses, is a useful supplemental measure of operations. Gross profit helps provide an understanding on the level of costs needed to create revenue. Gross margin illustrates the gross profit as a percentage of revenue. Readers are cautioned that these non-IFRS measures may not be comparable to similar measures used by other companies. Readers are also cautioned not to view these non-IFRS financial measures as an alternative to financial measures calculated in accordance with International Financial Reporting Standards (\u201cIFRS\u201d). For more information with respect to financial measures which have not been defined by GAAP, including reconciliations to the closest comparable GAAP measure, see the &#8220;Non-GAAP Measures and Additional GAAP Measures&#8221;\u200e section of the Company\u2019s most recent MD&amp;A which is available on SEDAR.<\/p>\n<p align=\"justify\">\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p align=\"justify\">This release contains certain \u201cforward looking statements\u201d and certain \u201cforward-looking information\u201d as \u200edefined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can \u200egenerally be identified by the use of forward-looking terminology such as \u201cmay\u201d, \u201cwill\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u200e\u200e\u201cestimate\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccontinue\u201d, \u201cplans\u201d or similar terminology. Forward-looking statements \u200eand information are based on forecasts of future results, estimates of amounts not yet determinable and \u200eassumptions that, while believed by management to be reasonable, are inherently subject to significant \u200ebusiness, economic and competitive uncertainties and contingencies. Forward-looking statements and \u200einformation are subject to various known and unknown risks and uncertainties, many of which are beyond \u200ethe ability of the Company to control or predict, that may cause the Company\u2019s actual results, \u200eperformance or achievements to be materially different from those expressed or implied thereby, and are \u200edeveloped based on assumptions about such risks, uncertainties and other factors set out herein, \u200eincluding but not limited to: \u200e statements in respect of Draganfly\u2019s partnerships, capabilities, expertise, and financial condition; the successful integration of technology, the inherent risks involved in \u200ethe general securities markets; uncertainties relating to the availability and costs of financing needed in \u200ethe future; the inherent uncertainty of cost estimates and the potential for unexpected costs and \u200eexpenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and \u200eother related risks and uncertainties disclosed under the heading \u201cRisk Factors\u201c in the Company\u2019s most \u200erecent filings filed with securities regulators in Canada on the SEDAR+ website at www.sedarplus.ca and with the U.S. \u200e\u200eSecurities and \u200eExchange Commission on the EDGAR website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rmAC96iChSYnGtQz5fTXv1yYNdKI3aq298JV3uzgOnr-cdo9xS-S8wkZIv-0et_tAK5rO2lbL_RYawl8IuDyMg==\" rel=\"nofollow\" target=\"_blank\">www.sec.gov<\/a>. The \u200eCompany undertakes no obligation to update forward-looking information except as required by \u200eapplicable law. Such forward-looking information represents managements\u2019 best judgment based on \u200einformation currently available. No forward-looking statement can be guaranteed and actual future results \u200emay vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking \u200estatements or information.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxNzgzNiM3NTk2OTE2IzUwMDA2OTE2MQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NmQ4NTgyNWYtYTdkOC00MzdjLWE2MmQtYjBhYzcxODg2YTAyLTUwMDA2OTE2MS0yMDI2LTA1LTExLWVu\/tiny\/Draganfly-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC., May 11, 2026 (GLOBE NEWSWIRE) &#8212; Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its first quarter financial results. Key Financial and Operational Highlights for Q1 2026: Revenue for the first quarter of 2026 was $2,312,353 which represents a 49.4% year over year increase. Product sales of $2,232,132 were up 44.8% over the same period last year. Gross profit for Q1 2026 was $347,761, up 12.1% from $310,088 for the same period last year. Gross margin percentage for Q1 2026 was 15.0% compared to 20.0% in Q1 2025. Gross profit would have been $453,601 and gross margin would have been 19.6%, not &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/draganfly-announces-record-first-quarter-results-of-2026\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Draganfly Announces Record First Quarter Results of 2026&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-961125","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Draganfly Announces Record First Quarter Results of 2026 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/draganfly-announces-record-first-quarter-results-of-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Draganfly Announces Record First Quarter Results of 2026 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Vancouver, BC., May 11, 2026 (GLOBE NEWSWIRE) &#8212; Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its first quarter financial results. Key Financial and Operational Highlights for Q1 2026: Revenue for the first quarter of 2026 was $2,312,353 which represents a 49.4% year over year increase. Product sales of $2,232,132 were up 44.8% over the same period last year. Gross profit for Q1 2026 was $347,761, up 12.1% from $310,088 for the same period last year. Gross margin percentage for Q1 2026 was 15.0% compared to 20.0% in Q1 2025. Gross profit would have been $453,601 and gross margin would have been 19.6%, not &hellip; Continue reading &quot;Draganfly Announces Record First Quarter Results of 2026&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/draganfly-announces-record-first-quarter-results-of-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-11T23:05:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxNzgzNiM3NTk2OTE2IzUwMDA2OTE2MQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draganfly-announces-record-first-quarter-results-of-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draganfly-announces-record-first-quarter-results-of-2026\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Draganfly Announces Record First Quarter Results of 2026\",\"datePublished\":\"2026-05-11T23:05:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draganfly-announces-record-first-quarter-results-of-2026\\\/\"},\"wordCount\":1535,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draganfly-announces-record-first-quarter-results-of-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTcxNzgzNiM3NTk2OTE2IzUwMDA2OTE2MQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draganfly-announces-record-first-quarter-results-of-2026\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/draganfly-announces-record-first-quarter-results-of-2026\\\/\",\"name\":\"Draganfly Announces Record First Quarter Results of 2026 - 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(NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its first quarter financial results. Key Financial and Operational Highlights for Q1 2026: Revenue for the first quarter of 2026 was $2,312,353 which represents a 49.4% year over year increase. Product sales of $2,232,132 were up 44.8% over the same period last year. Gross profit for Q1 2026 was $347,761, up 12.1% from $310,088 for the same period last year. Gross margin percentage for Q1 2026 was 15.0% compared to 20.0% in Q1 2025. 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