Draganfly Reports Record Annual Revenue for 2022

    2022 Q4   2022 Q3  2021 Q4 
Revenue   $ 1,314,162   $1,876,221  $1,635,265 
Cost of goods sold   $ (2,980,133 ) $(1,249,313) $(1,008,827)
Gross profit   $ (1,665,971 ) $626,908  $626,438 
Gross margin – percentage     -126.8 %  33.4%  38.3%
Operating expenses   $ (7,342,669 ) $(7,007,691) $(5,733,767)
Operating income (loss)   $ (9,008,640 ) $(6,380,783) $(5,107,329)
Operating loss per share - basic   $ (0.26 ) $(0.19) $(0.16)
Operating loss per share - diluted   $ (0.26 ) $(0.19) $(0.15)
Other income (expense)^   $ (7,575,889 ) $1,039,968  $17,811,440 
Change in fair value of derivative liability   $ 334,016   $305,094  $23,428,117 
Other comprehensive income (loss)   $ (76,073 )   $ 348,282     $ (151,465 )
Comprehensive income (loss)^   $ (16,660,602 )   $ (4,992,533 )   $ 12,635,466  
Comprehensive income (loss) per share - basic   $ (0.49 )   $ (0.15 )   $ 0.39  
Comprehensive income (loss) per share - diluted   $ (0.49 )   $ (0.15 )   $ 0.38  

^The other income (expense) and comprehensive loss for the fourth quarter of 2022 includes non-cash changes comprised of a gain in fair value derivative liability of $334,016, a write down of inventory of $1,976,514, an expense on impairment for notes receivable of $1,080,645, and an expense for goodwill and intangibles impairment of $6,454,914 and would otherwise be an other expense of $374,346 and comprehensive loss of $7,482,545, respectively.

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