$84M in cash after a 2025 equity raise. FY2025 revenue $7.73M, up 17.8%. 25 years in commercial drone operations. Working capital of $95.2M against a total asset base of $101.4M. The balance sheet is now larger than the business.
Draganfly has been making commercial drones since 1998, before anyone called them drones. They sell to defense, public safety, agriculture, and border security. Revenue grew 17.8% to $7.73M last year. Then they raised $84M in a stock offering. That's a lot of money for a $7.73M revenue business. The $84M is sitting in cash right now. What they do with it determines everything. A major contract, an acquisition, or a strategic partnership funded by that war chest could change the scale of the business quickly. Or it could just sit there and dilute existing shareholders.
Watch capital deployment announcements. Acquisitions, contracts, or infrastructure investment; in the next two quarters. Also watch gross margin recovery above 20 percent and revenue growth rate relative to the new capital base. The $84M raise creates both opportunity and accountability.