Founded in 2010, Wichita-based AgEagle is one of the nation's leading commercial drone technology, services and solutions providers. The Company delivers the metrics, tools and strategies necessary to define and implement drone-enabled solutions that solve important problems for its valued customers. AgEagle's growth strategies are centered on the delivery of advanced drone technologies, contract manufacturing services and agtech solutions. Its goal is to establish AgEagle as one of the dominant commercial drone design, engineering, manufacturing, assembly and testing companies in the United States and become the world's trusted source for turnkey drone delivery services and solutions. In addition, it continues to leverage its reputation as one of the leading technology solutions providers to the Agriculture industry with best-in-class drones, along with data analytics for hemp and other commercial crops. Through its subsidiary, AgEagle Sensor Systems, Inc., d/b/a MicaSense, it remains at the forefront of multispectral sensor development, providing high quality drone-based cameras to the global market.
Company profile
Ticker
UAVS
Exchange
Website
CEO
Michael Drozd
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Boeing • Joby Aviation • Lilium • AeroVironment • Vertical Aerospace • Archer Aviation • Bantec • Eve Holding • AERWINS • UAS Drone ...
Former names
EnerJex Resources, Inc., MILLENNIUM PLASTICS CORP, AURORA CORP
SEC CIK
Corporate docs
Subsidiaries
AgEagle Aerial, Inc. • EnerJex Kansas, Inc. • MicaSense, Inc • Measure Global, Inc • senseFly Inc. • senseFly S.A. ...
IRS number
880422242
UAVS stock data
Latest filings (excl ownership)
D
$3.00 mm in equity / options / securities to be acquired, sold $3.00 mm, 1 investor
21 Mar 23
8-K
Unregistered Sales of Equity Securities
14 Mar 23
8-K
Company Reports No Reverse Stock Split at this Time
7 Feb 23
DEFA14A
Additional proxy soliciting materials
25 Jan 23
8-K
Amendments to Articles of Incorporation or Bylaws
25 Jan 23
DEFA14A
Additional proxy soliciting materials
19 Dec 22
DEF 14A
Definitive proxy
16 Dec 22
D
$3.36 mm in debt / options / securities to be acquired, sold $3.36 mm, 1 investor
14 Dec 22
8-K
AgEagle Announces Appointment of Kelly Anderson, CPA to the Board of Directors
7 Dec 22
8-K
Entry into a Material Definitive Agreement
6 Dec 22
Latest ownership filings
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 5.30 mm | 5.30 mm | 5.30 mm | 5.30 mm | 5.30 mm | 5.30 mm |
| Cash burn (monthly) | 2.73 mm | 2.24 mm | 1.72 mm | 3.09 mm | 1.24 mm | 1.76 mm |
| Cash used (since last report) | 16.29 mm | 13.36 mm | 10.22 mm | 18.41 mm | 7.38 mm | 10.49 mm |
| Cash remaining | -10.99 mm | -8.06 mm | -4.92 mm | -13.10 mm | -2.07 mm | -5.19 mm |
| Runway (months of cash) | -4.0 | -3.6 | -2.9 | -4.2 | -1.7 | -2.9 |
Institutional ownership, Q4 2022
19.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 50 |
| Opened positions | 7 |
| Closed positions | 14 |
| Increased positions | 14 |
| Reduced positions | 12 |
| 13F shares | Current |
|---|---|
| Total value | 2.53 bn |
| Total shares | 16.89 mm |
| Total puts | 30.00 k |
| Total calls | 117.80 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Alpha Capital Anstalt | 8.15 mm | $5.27 mm |
| Vanguard | 3.09 mm | $1.08 bn |
| BLK Blackrock | 1.16 mm | $404.53 mm |
| UBS UBS Group AG - Registered Shares | 915.77 k | $320.52 mm |
| Millennium Management | 722.62 k | $253.00 k |
| United Bank | 685.56 k | $239.95 mm |
| Geode Capital Management | 684.87 k | $239.00 k |
| STT State Street | 243.64 k | $85.27 mm |
| Bridgeway Capital Management | 200.00 k | $70.00 mm |
| Susquehanna International | 154.68 k | $54.14 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 22 | Nicole M. Fernandez-McGovern | Options to purchase common stock, par value $0.001per share Common Stock | Grant | Acquire A | No | No | 0.35 | 25,000 | 8.75 k | 832,500 |
| 31 Dec 22 | Barrett Mooney | Options to purchase common stock, par value $0.001per share Common Stock | Grant | Acquire A | No | No | 0.35 | 25,000 | 8.75 k | 395,000 |
| 31 Dec 22 | Michael D O'Sullivan | Options to purchase common stock, par value $0.001per share Common Stock | Grant | Acquire A | No | No | 0.35 | 10,000 | 3.50 k | 30,000 |
| 31 Dec 22 | Anderson Kelly | Options to purchase common stock, par value $0.001per share Common Stock | Grant | Acquire A | No | No | 0.35 | 7,065 | 2.47 k | 7,065 |
| 31 Dec 22 | Begley Grant A | Options to purchase common stock, par value $0.001 per share Comon Stock | Grant | Acquire A | No | No | 0.35 | 25,000 | 8.75 k | 413,355 |
Press releases
AgEagle to Host 2022 Yearend Results Corporate Update on Tuesday, April 4, 2023 at 4:30 PM ET
23 Mar 23
Global Military Drone Market Expected To Reach $22.4 Billion by 2028
14 Mar 23
AgEagle Announces Demand for eBee-X Unmanned Aerial Systems On the Rise from Customers in the Middle East
16 Feb 23
Global Emergency Drones Market Projected To Reach $16.7 Billion By The End Of 2033
14 Feb 23
AgEagle Announces Voting Results of Special Meeting of Shareholders Held on Friday, February 3, 2023
7 Feb 23