Latest news with #droneoperations
South China Morning Post
18 hours ago
- Science
- South China Morning Post
2 Hong Kong pilot schemes testing drones for landslide prevention operations
Two trial projects for drone operations will concentrate on hillside and slope monitoring services, with relevant skills expected to be widely used by next year in an effort to prevent landslides and develop the low-altitude economy, Hong Kong authorities have said. Advertisement The Development Bureau said on Sunday that the Geotechnical Engineering Office had been using drones to help with its work, including inspecting landslide sites, sowing seeds for new vegetation in such areas and conducting research. 'The relevant technologies are expected to be widely applied by 2026, in scenarios including engineering management, slope monitoring and emergency response,' Marion Kan Ka-wing, a geotechnical engineer from the office, said in a bureau blog post. Kan said two sandbox pilot projects had been launched, with the first one in Tai Mong Tsai in Sai Kung focusing on overcoming height restrictions and carrying out extensive natural hillside monitoring, with initial data collection successfully completed. A sandbox is a space where software or new technology can be tried out in a pilot scheme or test environment. She said that the second project involved drones automatically flying along predetermined routes to monitor the condition of designated slopes. Drones will fly along predetermined routes to monitor the condition of certain slopes. Photo: May Tse The project had received flight approval and would begin trials for automatic monitoring along designated routes for artificial slopes and disaster mitigation measures in eastern Hong Kong Island, she said.
Bloomberg
13-06-2025
- Politics
- Bloomberg
Simone Ledeen, Former Deputy Assistant Secretary of Defense for the Middle East on Israel's Defense
Simone Ledeen, Former Deputy Assistant Secretary of Defense for the Middle East discusses Israel's strikes on Iran and how Israel's defense is utilizing drone operations. Simone speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Yahoo
12-05-2025
- Business
- Yahoo
Draganfly Inc (DPRO) Q1 2025 Earnings Call Highlights: Revenue Growth Amidst Profitability ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Draganfly Inc (NASDAQ:DPRO) reported a 16% year-over-year increase in revenue, reaching $1.547 million for Q1 2025. The company signed an exclusive agreement with Safe Lane, the world's largest demining and unexploded ordinance removal company, to provide aerial surveys. Draganfly Inc (NASDAQ:DPRO) announced a teaming agreement with Autonomy Labs to use their heavy lift drones for demining operations, promising lower costs, faster speed, and greater safety. The company established a public safety board of advisors, enhancing access to top agencies globally and providing valuable expertise. Draganfly Inc (NASDAQ:DPRO) closed a $3.6 million financing round, supporting ongoing operations and future growth. Despite revenue growth, Draganfly Inc (NASDAQ:DPRO) reported a comprehensive loss of $3.4 million for the quarter. The company's gross margin decreased due to more sales coming from lower margin products compared to the previous year. Total assets decreased from $10.2 million to $6.9 million, largely due to a decrease in cash as the company operates. The company does not expect to be profitable in 2025 and anticipates needing $35 to $40 million in revenue to achieve profitability. Revenues have been stagnant since 2023, and significant capital investments have yet to translate into substantial revenue growth. Warning! GuruFocus has detected 6 Warning Signs with DPRO. Q: How many more equity raises do you plan on doing before being profitable, or more specifically, when do you plan on being profitable? A: Profitability is primarily dependent on sales. We estimate needing about $35 to $40 million in revenue to achieve profitability. While we don't provide official guidance, we expect to be well north of that number in terms of orders this year. We won't be profitable this year, but we have a good shot at profitability next year, potentially with just one large order. - Cameron Shell, CEO Q: Are we still on track to get large meaningful contracts? A: Yes, we are actively pursuing large contracts, which are complex and intricate. Our sales funnel for these large contracts is well over $100 million. We are dealing with nation states, militaries, and large public safety orders, and we are in a position to deliver on these. We feel we are very close on several fronts. - Cameron Shell, CEO Q: Do you think there will be consolidation in the drone industry? A: Yes, consolidation is likely to continue. We have not been aggressive in this regard due to our modest market cap and focus on organic growth. However, we frequently see interesting opportunities for consolidation. The industry is at a tipping point, and only a few companies have the resilience to get through this phase. - Cameron Shell, CEO Q: Will you be producing drones at the new Florida location? A: Yes, we will be doing subassembly work at the Florida location. Large orders will be handled through contract manufacturing in the U.S. due to volume. We also have manufacturing facilities in Canada for Canadian and international markets. This strategy helps us address geopolitical tariff situations effectively. - Cameron Shell, CEO Q: When can investors expect the revenue downtrend to cease? A: We expect this year to be the turning point, with significant scale and announceable results over the next two quarters. We have good visibility on what's unfolding and are comfortable with the prospects for this year being a breakout year. Key metrics to watch are signature sales in terms of size and quality of customers. - Cameron Shell, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
