We’re still in the first month of 2020, and already Rich has profiled two BIG winners. In the last few weeks, both American Aires (CSE:WIFI) and Premier Health Group (CSE:PHGI) (OTCQB:PHGRF) have provided investors with massive returns.
Now, Rich is introducing you to his third big pick of the new year: Draganfly Inc. (CSE:DFLY). Founded in 1998, Draganfly was one of the first companies to manufacture multi-rotors commercially and the first-to-market with quadcopter drones.
“Drone technology is the future, and Draganfly is right in the heart of it,” says Rich.
Draganfly is an Industry Leader and Continues to Grow
Draganfly Inc. has sold products in over 50 countries. It has delivered its products to both the government and businesses for a wide variety of applications.
Draganfly is a company with a number of industry firsts. Not only did it develop the first quadcopter drone, but one of its products—the Draganfly Commander—became the ﬁrst drone to save a life. The company also developed the ﬁrst drone to be inducted into the Smithsonian National Air & Space Museum.
But just because it achieved these impressive milestones doesn’t mean the company is content to rest on its laurels. There’s a lot of innovation yet to explore.
On January 16, Draganfly Inc. acquired Dronelogics Systems Inc. This acquisition will expand the company’s already considerable product offerings. It will also provide Draganfly with access to the Fortune 500 clients that Dronelogics has been serving.
Furthermore, Dronelogics has a history of revenue growth. It earned C$3.0 million in 2018 and expects 20% year-over-year growth for fiscal 2019.
For 2020, Draganfly believes the Dronelogics acquisition will generate pro forma revenue between C$6 and C$7 million. This would represent an overall increase in revenue between 23% and 43% for the company.
Dragadragnfly Inc. Can Capitalize on a Titanic Market
“Not too many people know about Draganfly yet, but this is an incredible opportunity,” says Rich. “There’s a lot going on in the world, and Draganfly could be a beneficiary of what’s happening.”
Specifically, Rich is referring to the fact that, late last year, the US Department of the Interior grounded hundreds of Chinese-made drones. This decision came amidst an investigation into the security of its drone program.
Nearly 80% of drones used in the US and Canada come from Chinese-based DJI. As those drones are now off the American market—and as US local law enforcement organizations and infrastructure operators have grown to rely on drones in recent years—Draganfly Inc. suddenly finds itself on the precipice of an incredible market opportunity.
In 2018, the global drone market was worth US$13.20 billion. Over a period of seven years, it is projected to rise with a CAGR of 40.7%, reaching $144.38 billion by 2025.
This coincides with the United States Department of Defense’s decision to raise its budgets for unarmed aircraft systems from $7.5 billion in 2018 to $9.39 billion in 2019.
Draganfly Inc. already delivers products that serve Agriculture, Media and Broadcasting, Infrastructure, and Industrial applications. More and more sectors are recognizing the value of drones, so the sky’s the limit for this industry-leading company.
Featured image: Draganfly Inc./Linkedin