American City Business Journals
AgEagle boosts sales, announces new drone partnership
Wichita-based AgEagle Aerial Systems Inc. this week reported increased sales in the third quarter and concurrently announced a new partnership within the drone industry. AgEagle (NYSE: UAVS) revenue jumped 169% to $2.02 million year over year, with the company attributing the increase to new sensor and software sales. “The scaling of our business through our strategic acquisition initiatives has led to record revenues for our company, providing the framework for improving our fundamentals,” CEO Brandon Torres Declet said in a press release.