Drone Volt has announced the signature of a major distribution contract to conquer the Middle East market.The agreement has been signed with a Middle East-based player with solid experience of the. -February 06, 2024 at 12:26 pm EST
- MarketScreener
Drone Volt : Drone Volt confirms its annual targets after strong Q1-23 growth
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Drone Volt : FY22: Take-off to double turnover
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
SIGNIFICANT NEWS
Even with the pandemic affecting the company, as 55% of the revenues comes outside France, the company showed solid growth in both built-in drones and third-party drones. The margin has also improved significantly, nearly reaching an all-time high thanks to its licensing agreement with Aquiline Drones.
FACT
The Q1 revenues have augmented by 43% yoy with a gross margin close to an all-time high at 39%. This rise in margins has pushed gross profit to 696,000, nearly twice as much as in Q1 20. Revenues are split into 40% of own built-in drones and associated services and the remaining 60% comes from partnership brands. The latter amounted for the first time to over a million euros.