May. 11 at 10:09 PM
$DPRO my 05.11.26 ER notes:
- Big telecom customer switching over whole fleet to DPRO
- No offerings expected for rest of 2026, future raises would be at higher levels if/when needed to support growth or support M+A
- Increasing Canada defense spending coming
- Partnering with Global Ordnance (1 of 5 munitions companies in Drone Dominance program)
- Pursuing similar partnership with Babcock Intl for Asia (Babcock has annual revenues of
$4-5B)
- Special Ops choosing DPRO, bodes well for broader adoption
- Working towards sales to Canada DoD, are providing demos at request
- Will participate in Gauntlet II (should be good, first demo had some scoring oddities)
- Looking at acquisitions, which would add capabilities and EBITDA
- Very comfortable that they will hit consensus rev projections (not even including MINERVA, DD, Ukraine sales, etc)
- EO 44807 will allow commanders to buy units directly later this year, DPRO well positioned
- Company is undervalued (in CEO's opinion), but long-term focus
