Not bad!
$Draganfly (DPRO.US)$ 2024 Q2 Highlights
● 2024 Q2 Total Revenues of $1,732,990 with Product Sales of $ 1,387,350
2024 Q2 revenues decreased by $166,049 from $1,899,039 in Q2 2023 to $1,732,990 with the bulk of this revenue coming from product revenue. Service revenue increased by $27,959 from $317,681 in Q2 2023 to $345,640 in Q2 2024.
(1) Gross Profit was $461,673 with a Gross Margin increase of 2.0% in Q2 2024 compared to Q2 2023. Gross Profit (as a % of revenues) would have been 34.4% and 31.1% not including a non-cash write down of inventory for $134,410 and $122,600 respectively for the three-month period ending June 30, 2024 and 2023. Gross Profit (as a % of revenues) would have been 33.5% and 31.7% not including a non-cash write down of inventory for $283,169 and $199,647 respectively for the six-month period ending June 30, 2024 and 2023.
In Q2 2024, the Company’s total gross margin was 26.6% compared to 24.6% in Q2 2023.
● 2024 Q2 Total Revenues of $1,732,990 with Product Sales of $ 1,387,350
2024 Q2 revenues decreased by $166,049 from $1,899,039 in Q2 2023 to $1,732,990 with the bulk of this revenue coming from product revenue. Service revenue increased by $27,959 from $317,681 in Q2 2023 to $345,640 in Q2 2024.
(1) Gross Profit was $461,673 with a Gross Margin increase of 2.0% in Q2 2024 compared to Q2 2023. Gross Profit (as a % of revenues) would have been 34.4% and 31.1% not including a non-cash write down of inventory for $134,410 and $122,600 respectively for the three-month period ending June 30, 2024 and 2023. Gross Profit (as a % of revenues) would have been 33.5% and 31.7% not including a non-cash write down of inventory for $283,169 and $199,647 respectively for the six-month period ending June 30, 2024 and 2023.
In Q2 2024, the Company’s total gross margin was 26.6% compared to 24.6% in Q2 2023.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
