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draganFly Draganfly Announces Record Revenue Again in Second Quarter of 2021 -- Los Angeles , CA. , August 9 , 2021 Draganfly Inc. ( NASDAQ : DPRO ) ( CSE : DPRO ) ( FSE : 3U8 ) ( “ Draganfly ” or the “ Company ” ) , an award - winning , industry - leading drone solution developer and operator , is pleased to announce its second quarter financial results . Key Financial and Operational Highlights for Q2 2021 : • Revenue for the second quarter increased 113.9 % to $ 1,981,872 up from $ 926,540 in the second quarter of 2020. The majority of the $ 1,981,872 in revenue came from product sales with engineering services and drone services revenue almost equally making up the balance of the revenue in the second quarter . • Gross profit increased by $ 297,246 or 68.9 % for the second quarter over the same period last year . Gross margin percentage for Q2 2021 was 36.8 % compared to 46.6 % in Q2 2020. This was attributed to the sales mix of the products and services in the second quarter of this year versus that of the same period last year . • Total comprehensive loss for the Q2 2021 was $ 8.1 million compared to $ 1.0 million in Q2 2020 . The large increase is from the accounting treatment of a $ 46.6 million non - cash liability from USD warrants that were issued during the Company's Reg A offering . The year over year comprehensive loss increased as Q2 2020 did not have the treatment of the USD warrants from the Company's Reg A offering . Q2 2020 also had less office and miscellaneous expenses and professional expenses . • Cash balance on June 30 , 2021 of $ 17.3 million compared to $ 2.0 million on December 31 , 2020 . • Integrated Launcher Solutuions finalized their definitive agreement to have Draganfly develop a drone - based non - lethal air support system . Contract provides for the development , prototyping , and eventual production of non - lethal 40mm multi - launching systems that can be mounted and deployed from drones , drone systems , robots , robotic systems , and other stationary platforms or similar systems . The main use case of the launch system is public disturbance management for military and public safety organizations . Draganfly will provide ILS with its development and engineering expertise in connection with the project . • Draganfly implemented its health security and public safety services for its NASCAR tripleheader weekend at Nashville Superspeedway . • Coldchain Delivery Systems finalized a US $ 750,000 definitive agreement with Draganfly to develop , deploy and operate solutions for the delivery of medical supplies , medicine , and vaccines . The definitive agreement provides for phase one of a planned five - phase roll - out for the comprehensive development , deployment , and operation of a medical drone delivery service as well as the development of a solution for the timely delivery of medical supplies , medicine , and vaccines . Phase one has a value of US $ 125,000 , to be executed over a maximum of ten months and the parties have agreed to negotiate an extension to the definitive agreement for phase two prior to the expiry of phase one . Under phase two , Coldchain Delivery Systems will commit to purchasing no less than US $ 625,000 in equipment and services from Draganfly . Cameron Chell , CEO of Draganfly , said : “ Our strong Q2 revenues reflects the entire team's on - going focus to drive our product sales and engineering and drone services revenue . We delivered better - than - expected results and maintained positive momentum in the second quarter with strong progress across our portfolio .