UAVS Earnings Prediction
The chart below shows how UAVS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UAVS sees a -2.85% change in stock price 10 days leading up to the earnings, and a -19.11% change 10 days following the report. On the earnings day itself, the stock moves by -6.20%. This data can give you a slight idea of what to expect for the next quarter's release.
UAVS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.28M
-38.01%
-19.20%
Gross Margin
31.47%
-34.75%
-35.47%
Operating Margin
-146.19%
43.46%
42.54%
Net Margin
-161.39%
52.34%
42.36%
EPS
-54.99
-19.84%
7.17%
No Data Available
UAVS Earnings Analysis
Ageagle Aerial Systems Inc. Corporation (UAVS.A) Earnings Conference Call
Positive
AgEagle Aerial Systems is making progress on integrating its business and operating units, leading to cost reduction and a focus on achieving positive cash flow. This integration has resulted in a significant reduction in operating expenses, indicating efficiency improvements.
Operating expenses decreased by 26% to $5.9 million in Q2 2023 compared to $7.9 million in Q2 2022.
Integration efforts led to notable decreases in spend across various areas, including general administrative costs, legal and consulting fees, and workforce-related costs.
AgEagle is focused on product innovation and industry leadership to drive future financial performance. The company's new products and enhancements are well-received by customers and are expected to contribute to revenue growth.
New product introductions include the eBee VISION, Field Check software, and RedEdge-P dual multispectral sensors.
Early feedback on the RedEdge-P dual sensor and eBee VISION drone is positive, leading to preorders and interest from military and government agencies.
Despite challenges such as supply chain constraints and global inflationary pressures, AgEagle has managed to reduce its net loss and burn less cash in Q2 2023 compared to prior periods. This financial improvement sets the company up for potential growth.
Net loss improved by 6% in Q2 2023 compared to the same period in 2022.
Cash used in operations decreased by 42% to $6.78 million in the first six months of 2023 compared to $11.63 million in the same period in 2022.
Working capital stood at $7.54 million, with total stockholders' equity at $41.18 million as of June 30, 2023.
AgEagle has restructured its sales teams and pricing strategies to align with market demands and improve competitiveness. These changes are expected to support revenue growth and market share retention.
Sales team reorganization includes direct oversight of drone, sensor, and software sales by industry and global regions of responsibility.
Strategic pricing adjustments aim to attract more customers and enhance the value proposition offered by AgEagle's products.
The company remains committed to investing in innovation to differentiate its products and maintain a customer-centric approach. AgEagle's focus on research and development is expected to drive sustained growth and financial performance in the future.
Continued investment in innovation is aimed at enhancing customer value and product differentiation.
Optimism about the long-term growth prospects of the business signifies a strategic focus on delivering consistent and predictable financial performance.
Negative
- Revenues for the second quarter of 2023 decreased by 38% to $3.28 million compared to $5.29 million in the same period in 2022, mainly due to lower sales of the eBee line of drones and multispectral sensors.
- Sales of eBee drones declined to $3.23 million for the six months ended June 30, 2023, compared to $5.78 million for the same period in 2022, reflecting delays in drone procurements ahead of the launch of the new eBee VISION.
- Subscriptions of software solutions like Measured Ground Control and HempOverview were soft, declining from approximately $158,000 to $126,000 on a comparable quarter-over-quarter basis.
- Despite a 26% reduction in operating expenses to $5.9 million in the second quarter, the company incurred a net loss of $5.29 million, reflecting ongoing challenges in overcoming supply chain issues and global inflationary pressures.
