As we continue to look further into revenue results, the senseFly acquisition led to the company recording incremental revenue of our eBee fixed wing drones totaling $3.04 million that were not included in the prior year financials. This increase was primarily attributable to sales of our eBee drone products that came as a result of an acquisition, of the senseFly acquisition in the fourth quarter of 2021 and strong continued demand for our advanced multi-spectral sensors. Additionally, we announced some key highlights from our 10-Q via a press release this morning which I’d like to recap here.įor the 3 months ended June 30, 2022, total revenues were $5.29 million compared to $1.94 million in the prior year, an increase of $3.35 million or 173%. Yesterday, we filed our 10-Q with the SEC, which is accessible on the SEC website and on the Investor Relations section of the AgEagle website. Thanks, Barrett and thanks all for joining us today. With that said, I will turn it over to Nicole for a review of our financials. I’d like to start this call off by inviting Nicole to review AgEagle’s key financial highlights related to our performance during the second quarter and the first half of 2022, after which I will walk through several important developments that have helped drive our Q2 results and then provide you with details on our strategy for the rest of 2022. Thank you, Sharon and good afternoon everyone. With that said, I will turn the call over to AgEagle’s CEO.
Actual outcomes and results may differ materially from what is expressed in or implied by these forward-looking statements. Following Barrett and Nicole’s prepared remarks, both company officers will respond to questions that were previously submitted via e-mail by analysts and investors.īefore I turn it over to Barrett, I would like to remind you that during today’s call, including the question-and-answer session, statements that are not historical facts, including any projections, statements regarding future events or future financial performance or statements of intent or belief, are forward-looking statements that are covered by the Safe Harbor disclaimers contained in the company’s public filings with the SEC.
Joining us today from AgEagle is Chief Executive Officer and Chairman of the Board, Barrett Mooney and Nicole Fernandez-McGovern, AgEagle’s Chief Financial Officer and Executive Vice President of Operations. Good day, everyone and thank you for participating in today’s conference call. Nicole Fernandez-McGovern - Chief Financial Officer and Executive Vice President, Operations
( NYSE: UAVS) Q2 2022 Earnings Conference Call Aug4:30 PM ETīarrett Mooney - Chief Executive Officer and Chairman
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