Filing Flows › AgEagle Aerial Systems (UAVS) › Q4 2024
AgEagle Aerial Systems (UAVS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
AgEagle Aerial Systems (UAVS) reported revenue of $2.8M for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and -14% from the quarter before. Operating margin was -207.0%, net loss $22.3M (791.9% of revenue).
AgEagle Aerial Systems, Q4 2024: revenue $2.8M (-4% year over year), operating margin -207.0%, net loss $22.3M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | -14% | -3% |
| Operating profit | −$5.8M | — | — |
| Net earnings | −$22.3M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $2.8M in Q4 2024, down 3% year over year and down 14% from the previous quarter. Drones was the largest line at 63% of revenue.
Gross margin was 40.6%, down 1.8 points from a year earlier. Operating costs exceeded revenue by $5.8M, an operating margin of -207.0%. Operating expenses fell 72% while revenue fell 3%. The quarter ended with a net loss of $22.3M, wider than the previous quarter's $3.5M loss. Net interest and other expense of $16.5M was the main reason.
Operating cash flow was −$2.5M. Non-cash charges added back $261K of depreciation and amortization and $17K of share-based compensation. Working capital and other items added $19.5M. Capital expenditures of $14K exceeded it, leaving free cash flow of −$2.5M.
Questions
What was AgEagle Aerial Systems' revenue in the fourth quarter 2024?
AgEagle Aerial Systems (UAVS) reported revenue of $2.8M for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and -14% from the quarter before.
Was AgEagle Aerial Systems profitable in the fourth quarter 2024?
Operating loss was $5.8M (-207.0% of revenue) and net loss $22.3M.