9/19/2023 0 Comments Ag eagle stock![]() ![]() SaaS subscription sales for the Company's Measure Ground Control and HempOverview™ software solutions also increased, rising 36% to $153,000 from $112,000. Revenue growth was also positively impacted by continued strong demand for AgEagle's Altum-PT™ and RedEdge-P™ multispectral sensors, which resulted in total sensor sales rising 71% to $3.3 million from $1.9 million. Sales of the Company's line of eBee™ fixed wing drones totaled $2.1 million, which compared to $0 in the prior year's comparable three-month period due to the timing of the acquisition of senseFly, which occurred in October 2021. Revenues increased 172% to $5.5 million from $2.0 million. We've made material progress on these fronts in 2022 and expect our efforts will continue to yield even stronger financial performance in the quarters ahead of us."įinancial Highlights for the Comparable Three Months Ended Septemand 2021 Meeting global demand for AgEagle's best-in-class drone solutions from both the commercial and government/defense industries, perpetuating our worldwide regulatory initiatives and successfully implementing strategic cost-reduction initiatives across our enterprise, have and will continue to be strategic priorities for our Company moving forward. Nicole Fernandez-McGovern, AgEagle's CFO and EVP of Operations, stated, "Overall, we are very pleased with our strong third quarter results, which reflected robust sales growth from our three primary product lines - drones, sensors and software. (NYSE American:UAVS) ("AgEagle" or the "Company"), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government/defense use, today announced its financial results for the three and nine months ended September 30, 2022. WICHITA, KS / ACCESSWIRE / Novem/ AgEagle Aerial Systems Inc. Gain on Extinguishment of $6.5 Million in Debt Results in Net Income of $1.7 million for Third Quarter 2022 - Up from Net Loss of $3.8 Million for Third Quarter of 2021 ![]() Total Revenues Climb 172% and 158% for the Three and Nine-Month Reporting Periods, Respectively ![]()
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