Draganfly management commentary cites reduced wildfire activity as driver of Q3 2026 revenue decline
DPRO•Draganfly said Q3 2026 revenue fell 5% to CAD 2.05 million, citing weaker Dronelogics services amid reduced British Columbia wildfire activity. Its net loss widened to CAD 12.83 million from CAD 5.17 million a year earlier.
1. Quarterly results
Draganfly linked its 5% Q3 revenue decline to CAD 2.05 million to weaker Dronelogics services amid reduced British Columbia wildfire activity. Net loss widened to CAD 12.83 million from CAD 5.17 million a year earlier.
2. Expenses and gross profit
Selling, general and administrative expenses rose 156.7% to CAD 13.18 million, driven by higher staffing costs, office expenses and share-based payments, among other increases. Gross profit fell 69.4% to CAD 128,957; excluding inventory write-downs, management reported a 6.7% increase.
3. Nine-month revenue
Revenue for the nine months increased 20.7% to CAD 7.03 million, primarily reflecting higher goods sales at Dronelogics and Draganfly Innovations.
