DPRO RESEARCH CARD · NOT ADVICE
Draganfly
International / watchlist · NasdaqCM · px 3.00 · cap $111.6M · score 20
What it does
Canadian small UAS company listed on Nasdaq. Revenue still a few million a quarter.
Watchlist comparable, not a core U.S. name.
Bull
- Cash vs. tiny sales can fund a pivot if a real U.S. vehicle appears — that vehicle is not in this set.
Bear
- No verified U.S. PoR. TTM ~$6M vs. ~$160M equity.
- Historical dilution. Capacity claims ≠ orders.
Snapshot
Last Q n.d. (+49% YoY) · GM n.d. · backlog n.d. · cash $96.5M
No funded U.S. PoR identified in this research set.
Score notes
Supports: Pure-play score 70 — the P&L is actually about drones/C-UAS. U.S.-listed (Nasdaq) drone OEM that fails the 'meaningful U.S. defense' bar for a core slot. Held as an international/watchlist comparable, not a core score leader. U.S.-listed (Nasdaq) drone OEM that fails the 'meaningful U.S. defense' bar for a core slot. Held as an international/watchlist comparable, not a core score leader.
Risks: Valuation risk is elevated vs. the rest of the book. Dilution / issuance flags are on. Execution risk is a primary discount.
Educational research only. Not investment advice, a solicitation, or a recommendation to buy, sell, or hold any security. Datapoints are labeled disclosed, analyst judgment, or unable to verify. Contract ceilings, IDIQ vehicles, MOUs, and partnership announcements are not funded revenue.