AgEagle is engaged in creating drones for commercial use. Founded in 2010, AgEagle is one of the nation’s leading commercial drone technology, services and solutions provider. Focused on delivering the metrics, tools and strategies necessary to define and implement drone-enabled solutions that solve important problems and provide new perspective on achieving critical objectives. Keep in mind this is not only a manufacturing company for drones: it’s also into the leasing, testing, delivery, and agriculture business.
https://ageagle.com/drone-solutions/ I suggest you check their official website for more information.
‘Increasing demand for faster delivery in the transport and logistics industry is fueling capital investments in drone delivery initiatives across several sectors, including delivery of consumer packages, food, healthcare supplies and heavy cargo, among other payloads.
Since 2019, AgEagle has been actively engaged in the custom manufacturing and assembly of drones used for the testing and refining of a world leading ecommerce company’s commercial drone small package delivery vehicles, systems and operations. As a result, we are uniquely positioned to collaborate with other organizations seeking to activate and accelerate adoption of end-to-end drone delivery solutions to drive new and differentiated value creation in their business-to-business or business-to-consumer operations.
I will try to keep it short, but there are many points that need to be discussed about this company, since I think it’s very well positioned to be a leader in this sector. Let me explain why:
The global commercial drone market size is anticipated to reach USD 129.23 billion by 2025, registering a CAGR of 56.5% over the forecast period, according to a new report by Grand View Research, Inc. The market is characterized by the growing application scope spanning a wide range of sectors such as construction, photography, real estate, and agriculture.With their capability to reach places that humans and other machines cannot, and their onboard computer controlled cameras, commercial Unmanned Aerial Vehicles (UAVs) hold enormous potential to help farmers to monitor crops, law enforcement authorities to sharpen surveillance activities, and to support insurance agents in accessing damaged assets. Drone hardware has also become more affordable to produce and purchase over the years. https://www.grandviewresearch.com/press-release/commercial-drone-market
Why did I highlight this ? Because AgEagle is currently the best company offering such service for agriculture demand. ‘Since our founding in 2010, AgEagle has earned distinction as one of the Agriculture industry’s leading pioneers of technologically advanced drones and aerial imagery-based data collection and analytics solutions for the precision and sustainable farming markets. We are trusted to help the world’s growers proactively assess and manage the health of commercial crops, reduce the chemicals in produced foods and products and preserve and protect natural resources. https://ageagle.com/agriculture/ Through the introduction of our solution, HempOverview, AgEagle represents the first agriculture technology company to bring to market an advanced Agtech solution that is designed to meet the unique complexities of the emerging American hemp industry and the needs and demands of its key stakeholders.
https://ageagle.com/agriculture/hemp-overview/ Our innovative HempOverview platform elegantly marries the simplicity of a web-based data collection and management app with the power of map-based aerial imaging technology. State administrators and growers are now able to connect, share, maintain proactive communications and collaborate on developing best practices for hemp cultivation registration, compliance and enforcement. Benefits include lower program management costs, new revenue channel development, real- or near real-time remote oversight of hemp fields, and much more
“After having largely managed registration, oversight and reporting of the 2020 hemp planting season manually, we recognized that we needed to adopt a more advanced technological solution to better streamline our registration and oversight processes moving forward. To that end, we believe that the HempOverview platform best serves the needs of the state and our farmers. We are very excited for the 2021 season.” https://ageagle.com/ageagle-aerial-systems-announces-state-of-iowa-chooses-hempoverview-for-managing-registration-and-oversight-of-hemp-crops/ There are several articles about different states that intend to use AgEagle HempOverview, since they currently offer the best service in this market.
What should we be excited about?
Well, AgEagle recently made two, in my opinion, BIG moves towards leadership in this sector and I will briefly explain why it should make you excited about it. First, they partnered with Valqari : Valqari has created the only universal, standardized, safe and secure drone landing station that protects people, property and packages. The seven and a half-feet high Drone Delivery Station offers a convenient landing station with six separate storage units to accommodate multiple drone and traditional postal deliveries or pickups. The station also maintains a digital chain of custody throughout the entire delivery process to give users peace of mind knowing their packages are secure until retrieved. This entirely automated process provides communication technology that authenticates and verifies every delivery while also eliminating any potential interference that may occur during the final stage of drone delivery. https://ageagle.com/ageagle-aerial-systems-partners-with-valqari-to-manufacture-drone-delivery-stations/
Second, they acquired MicaSense: MicaSense has been at the forefront of advanced drone sensor development since its founding in 2014, having formed integration partnerships with several leading fixed wing and multicopter drone manufacturers, including DraganFly™, senseFly™, Quantum-Systems and Wingtra, among others. MicaSense’s patented, high precision thermal and multispectral sensors serve the aerial mapping and analytics needs of the agriculture market, and are well positioned to address applications in advanced inspection in the energy and insurance sectors and autonomous flight safety for package delivery, among other solutions. MicaSense’s high performance proprietary products, including Altum™, RedEdge-MX™, RedEdge-MX Blue™ and Atlas Flight™, have global distribution in 70 countries. https://ageagle.com/ageagle-aerial-systems-announces-acquisition-of-micasense-for-23-million/
AgEagle’s Chief Executive Officer J. Michael Drozd stated, “Joining forces with MicaSense will empower AgEagle to drive true innovation and advancements of commercial drone systems and solutions for a number of high growth industry segments.”
Leadership is really solid. What caught my eye was Matt Martin, the Vice President of Operations. https://ageagle.com/leaders/matt-martin/ ‘Matt brings AgEagle over 30+ years of manufacturing experience in the aerospace industry, with emphasis on program engineering leadership and concentration on commercial and military aircraft, large scale system integration and quality systems controls, and compliance with complex regulatory requirements. Prior to AgEagle, he served as Vice President of Airbus Programs at Spirit AeroSystems, where he orchestrated the vision of Airbus Programs worldwide. He was originally recruited to Spirit AeroSystems in 2013 as Director of Product Design Engineering before being promoted to Program Director of the A350-900 Section 15 program. In this capacity, he was a key leader in the program’s final certification, entry into service and successful turnarounds in delivery, quality and financial performance. Prior to Spirit AeroSystems, Matt served as Vice President at Hawker Beechcraft Defense Company, where he spearheaded the execution of the Joint Primary Aircraft Training Systems contract for the U.S. Air Force and U.S. Navy with an overall value of approximately $1+ billion. Earlier in his career, Martin rose through the ranks at Boeing, holding senior leadership roles on key programs, including the International Space Station Program, 767 Tanker/Transport Program and the Air Force One Maintenance, Modifications and Upgrades Program. Matt is the proud recipient of the Silver Snoopy, a prestigious award bestowed by NASA on individuals who have significantly contributed to the human space flight program to ensure flight safety and mission success.
I don’t want to sound boring so I’m leaving a link for everything, so you can check yourself and go more in depth on the subject.
If you check Ark Big Ideas for 2021 https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARK–Invest_BigIdeas_2021.pdf you’ll see what the future is expecting from the Drone Business.
ARK believes that in the not-too-distant future drones will deliver our packages, food, and even people quicker and more conveniently than ever before. Drones are likely to transform shopping behavior, reduce travel time, and save lives. https://www.urbanairmobilitynews.com/market-analysis/drones-and-evtols-part-of-new-ark-invest-arkx-space-exploration-fund/ “Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, including drones, air taxis and electric aviation vehicles.”
I left this E-Commerce and Delivery slides last on purpose . Remember Micasense? The company acquired by AgEagle for 23m? Well, this is just speculation, but ex Micasense CEO Gabriel Torres is currently working for Amazon as a Technical Program Manager for Amazon Air . https://twitter.com/DaTrade33/status/1354567365988556803?s=20
I know people in the past said this partnership was never going to happen, but this acquisition is different and it happened just 5 days ago.
more connections: https://twitter.com/DaTrade33/status/1356066923742523393?s=20 shoutout to DaTrade33 for the insight. If you like to speculate, feel free to research more.
AgEagle institutional ownership: https://fintel.io/so/us/uavs
https://twitter.com/StocksPoker/status/1354096324468084737?s=20 shout out to @stockspoker for this key insight
Latest third quarter results: https://ageagle.com/ageagle-aerial-systems-reports-record-third-quarter-2020-financial-results/
Gross profit margin on sales improved to 43% from 21% for the three months ended September 30, 2020 and 2019, respectively. Likewise, gross profit margin on sales for the comparable nine month reporting periods in 2020 and 2019 rose to 46% from 20%, respectively.
Revenues for three-month reporting period ended September 30, 2020 increased significantly to a record of $750,000 compared to $42,000 for the comparable three month period in 2019. For the nine months ended September 30, 2020, revenues increased to a record of $1.2 million compared to $108,000 reported for the nine months in the prior year period. The notable increase in revenues was primarily driven by follow-on purchase orders for manufacturing and assembly of drones and related package delivery equipment for the Company’s largest customer.
Net loss for the three months ended September 30, 2020 totaled $579,000 compared to $563,000 in net loss for the same three months in 2019. For the nine months ended September 30, 2020, net loss was $2.2 million compared to $1.9 million in the prior year nine-month period. Overall, the increase in net losses were due to higher operating costs relating to the shifts in our long-term growth and business expansion strategies.
After factoring non-cash accounting charges relating to our financing activities, the net loss attributable to our common stockholders improved to $579,000 from $604,000 for the three months ended September 30, 2020 and 2019, respectively. After factoring non-cash accounting charges for the comparable nine month reporting periods in 2020 and 2019, net loss attributable to the Company’s common stockholders was $11.3 million compared to $2.0 million, respectively.
As of September 30, 2020, the Company’s balance sheet reflected cash of $24.7 million compared to $718,000 as of December 31, 2019. The Company had no long-term debt and total stockholders’ equity increased to $28.1 million compared to $4.3 million as of September 30, 2020 and December 31, 2019, respectively. The material strengthening of the balance sheet was largely due to the successful closing of equity financings completed in the first half of 2020.
Disclosure: I do not own shares yet, I plan on opening a LONG position soon accumulating day by day.
🚨 Keep in mind this is just speculation, I’m just trying to connect the dots. I try my best as always to bring useful informations out, I invite you to do your own research and be aware of all the risks. Huge upside, huge downside. YOU ARE THE BEST JUDGE ON YOUR NEXT MOVE . Don’t let me or other posters influence your decisions. I’d like to hear your thoughts, let me know also about the negative aspects related to this stock since I’m keen to learn more everyday. Thanks. 🚨