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Selected financial information is outlined below and should be read with Draganfly’s consolidated financial statements for the quarter ended March 31, 2024, and associated management discussion and analysis, which will be available under the Company’s profile on SEDAR at www.sedar.com and filed on EDGAR at www.sec.gov.
| Three months ended March 31, | ||||||||
| 2024 | 2023 | |||||||
| Total revenues | $ | 1,329,581 | $ | 1,601,486 | ||||
| Gross Margin (as a % of revenues) (1) | 21.1 | % | 27.7 | % | ||||
| Net income (loss) | (1,863,808 | ) | (7,067,626 | ) | ||||
| Net income (loss) per share ($) | ||||||||
| - Basic | (0.03 | ) | (0..20 | ) | ||||
| - Diluted | (0.03 | ) | (0.20 | ) | ||||
| Comprehensive income (loss) | (1,884,416 | ) | (7,096,995 | ) | ||||
| Comprehensive income (loss) per share ($) | ||||||||
| - Basic | (0.03 | ) | (0.20 | ) | ||||
| - Diluted | (0.03 | ) | (0.20 | ) | ||||
| Change in cash and cash equivalents | $ | 1,246,124 | $ | 5,474,1555 | ||||
| (1 | ) | Gross Profit (as a % of revenues) would have been 32.2% and 32.5% not including a one-time non-cash write down of inventory for $148,760 and $77,047 respectively for the three month period ending March 31 2024 and 2023, respectively. |
| As at | March 31, 2024 | December 31, 2023 | ||||||
| Total assets | $ | 8,990,548 | $ | 8,330,292 | ||||
| Working capital | 534,226 | (717,017 | ) | |||||
| Total non-current liabilities | 482,374 | 523,584 | ||||||
| Shareholders’ equity | $ | 1,678,527 | $ | 407,716 | ||||
| Number of shares outstanding | 63,393,221 | 49,229,563 | ||||||
Shareholders’ equity and working capital as at March 31, 2024, includes a fair value of derivative liability of $4,033,574 (2023 - $4,196,125) and would otherwise be $5,712,100 (2023 - $4.603,841) and $4,567,800 (2023 - $3,479,108), respectively.
