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AgEagle Announces 2021 Year-End Financial Results

WICHITA, Kan., April 12, 2022 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced its financial results for the full year ended December 31, 2021.

Financial Highlights for the Twelve Months Ended December 31, 2021 Compared to Prior Year

For more detailed information on AgEagle’s 2021 financial results, please refer to the 10-K filed with the U.S. Securities & Exchange Commission, accessible at www.sec.gov or on AgEagle’s website, www.ageagle.com.

2021 Operational Highlights

Barrett Mooney, Chairman and Chief Executive Officer of AgEagle, stated, “Autonomous robotics requires thoughtful architecture of hardware and software working in a coordinated effort to streamline and improve workflows and outcomes based on the valuable, actionable data-driven insight they capture and provide. It is our belief that as autonomous technology continues to evolve, AgEagle will remain at the forefront of this evolutionary process, earning distinction as a respected industry innovator and enabler through delivery of our unified line of industry trusted drones, sensors and software. Having laid a strong foundation through successful execution of our acquisition strategies in 2021, it is our belief that AgEagle will have far-reaching impact on how the industry ultimately matures and prospers.”

Corporate Update Webcast Today

As a reminder, AgEagle’s leadership will host the Company’s fourth quarter and full year 2021 corporate update via audio webcast today beginning at 4:30 PM ET.

To access the webcast, please go to https://www.webcaster4.com/Webcast/Page/2160/45102. If you have any difficulty connecting to the webcast, please contact Gateway Group at 949-574-3860. A replay of the webcast will be available on the Company’s website at https://ageagle.com/investors/#investors-presentations.

About AgEagle Aerial Systems Inc.
AgEagle is a global UAV industry pioneer engaged in delivering a unified line of high-performance drones, sensors and software that have earned the longstanding trust and fidelity of customers in more than 70 countries worldwide. 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 a broad range of commercial verticals, as well as for U.S. government agencies, all branches of the U.S. military and allied nations. For additional information, please visit our websites at www.ageagle.com.

Forward-Looking Statements
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: 

Investor Relations: Media Inquiries:
Gateway Group, Inc.  Email Contact
Matt Glover or Cody Cree     
Phone: 949-574-3860      
Email: Email Contact   

 


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