Company profile

Ticker
UAVS
Exchange
Website
CEO
J. Michael Drozd
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Aurora Corp, EnerJex Resources, Inc., Millenium Plastics Corp, Millennium Plastics Corp
SEC CIK
IRS number
880422242

UAVS stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

14 May 20
7 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 391.28K 188.89K 41.62K 20.18K
Net income -403.27K -654.89K -563.04K -739.3K
Diluted EPS 0 -0.04 -0.04 -0.05
Net profit margin -103% -347% -1353% -3664%
Operating income -403.27K -654.89K -563.04K -739.26K
Net change in cash -361.91K -663.76K -185.52K -583.85K
Cash on hand 356.08K 718K 1.38M 1.57M
Cost of revenue 174.48K 116.17K 32.73K 19.2K
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 296.68K 107.81K 116.04K 2.46M
Net income -2.52M -2.08M -797.22K -13.18M
Diluted EPS -0.17 -0.25 .11 -1.92
Net profit margin -850% -1929% -687% -535%
Operating income -2.52M -2.06M -666.86K -11.14M
Net change in cash -1.88M 2.57M -142.75K -2.92M
Cash on hand 718K 2.6M 35.29K 178.04K
Cost of revenue 202.05K 61.68K 93.36K

Financial data from company earnings reports

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Management Discussion
  • For the three months ended March 31, 2020, we recorded revenues of $391,280 compared to revenues of $45,993 for the same period in 2019, a 751% increase. The increase was largely due to new revenues derived from purchase orders to manufacture and assemble drones and related delivery products designed to meet specific criteria for package delivery in urban and suburban area. Revenue growth was also positively impacted by continued focus on expansion of our platform, providing for aerial imaging and analytics solutions which serve new and emerging markets including registration, oversight and compliance of hemp fields by state departments of agriculture.
  • For the three months ended March 31, 2020, cost of sales totaled $174,483 a 414% increase as compared to $33,948 for the three months ended March 31, 2019. We also had gross profit of $216,797, or 55%, during the three months ended March 31, 2020 compared to $12,045, or 26%, for the comparable period in 2019, resulting in an increase in our profit margin in the current period. The primary factors contributing to the increase in our cost of sales and gross profit margin was due to the continued shift in mix of products and services we now offer customers in the new markets we serve.
  • We recorded total operating expenses of $620,070 during the three months ended March 31, 2020, a 7.5% increase as compared to operating expenses of $577,048 in the same period of 2019. Our operating expenses are comprised of general and administrative costs, professional fee and selling costs. General and administrative expenses totaled $445,531 in the three months ended March 31, 2020 compared to $474,902 in 2019, a decrease of 6.2%. The decrease was due primarily to an increase in salary expense for new and existing employees, insurance expense and public relations costs offset by a decrease in stock compensation costs for employees and directors due to the issuance of options, investor relations expenses and financial services costs. Also, part of the decrease was attributable to less amortization expense related to the intangibles. Professional fees totaling $171,498 for the three months ended March 31, 2020 increased due to additional legal, accounting and business development costs required to expand our growth opportunities compared to $90,019 in 2019.
Content analysis ?
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Readability
H.S. junior Avg
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