Company did not provide specific financial guidance for upcoming quarters or full year
Result drivers
Product sales growth - Co said Q2 revenue increase was driven by higher product sales
Sales mix impact - Co attributed lower gross margin to sales mix of products sold
Higher costs - Co said increased office and miscellaneous, travel, R&D, employee and management costs contributed to larger comprehensive loss
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Draganfly Inc is C$13.00, about 101.2% above its August 7 closing price of C$6.46
Quarterly results
Canada drone solutions developer's Q2 revenue rose 26% yr/yr, driven by higher product sales
Gross margin for Q2 declined to 20% from 23.9% last year due to sales mix
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