$UAVS
AgEagle Aerial Systems Inc.

2022 Q1 Form 10-Q Financial Statement

#000157570522000351 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $3.842M $1.702M
YoY Change 125.79% 334.88%
Cost Of Revenue $2.477M $621.9K
YoY Change 298.31% 258.24%
Gross Profit $1.365M $1.080M
YoY Change 26.41% 396.0%
Gross Profit Margin 35.53% 63.45%
Selling, General & Admin $6.616M $3.808M
YoY Change 73.75% 513.2%
% of Gross Profit 484.73% 352.66%
Research & Development $2.185M $232.8K
YoY Change 838.54%
% of Gross Profit 160.08% 21.56%
Depreciation & Amortization $876.0K $135.1K
YoY Change 548.35% 220.32%
% of Gross Profit 64.18% 12.51%
Operating Expenses $8.847M $4.040M
YoY Change 118.95% 550.69%
Operating Profit -$7.482M -$2.961M
YoY Change 152.7% 634.2%
Interest Expense -$16.33K $2.850K
YoY Change -672.98%
% of Operating Profit
Other Income/Expense, Net -$98.30K $27.42K
YoY Change -458.5%
Pretax Income -$7.597M -$2.931M
YoY Change 159.22% 626.69%
Income Tax
% Of Pretax Income
Net Earnings -$7.597M -$2.931M
YoY Change 159.22% 626.69%
Net Earnings / Revenue -197.73% -172.22%
Basic Earnings Per Share
Diluted Earnings Per Share -$97.49K -$47.81K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.187M $24.19M
YoY Change -62.03% 6694.41%
Cash & Equivalents $9.187M
Short-Term Investments
Other Short-Term Assets $1.433M $282.9K
YoY Change 406.46% 164.34%
Inventory $5.309M $894.8K
Prepaid Expenses
Receivables $3.105M $380.4K
Other Receivables $185.0K $500.0K
Total Short-Term Assets $19.22M $26.25M
YoY Change -26.79% 4072.29%
LONG-TERM ASSETS
Property, Plant & Equipment $2.644M $1.436M
YoY Change 84.11% 3875.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $280.9K $25.00K
YoY Change 1023.76%
Total Long-Term Assets $81.08M $27.25M
YoY Change 197.61% 651.29%
TOTAL ASSETS
Total Short-Term Assets $19.22M $26.25M
Total Long-Term Assets $81.08M $27.25M
Total Assets $100.3M $53.50M
YoY Change 87.49% 1157.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.924M $492.9K
YoY Change 290.23% 478.88%
Accrued Expenses $2.950M $3.827M
YoY Change -22.91% 1462.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $445.8K $103.0K
YoY Change 332.96%
Total Short-Term Liabilities $16.12M $9.067M
YoY Change 77.75% 2343.35%
LONG-TERM LIABILITIES
Long-Term Debt $802.7K $4.480K
YoY Change 17816.96%
Other Long-Term Liabilities $5.014M $5.894M
YoY Change -14.94%
Total Long-Term Liabilities $5.817M $5.899M
YoY Change -1.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.12M $9.067M
Total Long-Term Liabilities $5.817M $5.899M
Total Liabilities $21.93M $14.97M
YoY Change 46.56% 3932.87%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $78.37M $38.53M
YoY Change
Total Liabilities & Shareholders Equity $100.3M $53.50M
YoY Change 87.49% 1157.08%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$7.597M -$2.931M
YoY Change 159.22% 626.69%
Depreciation, Depletion And Amortization $876.0K $135.1K
YoY Change 548.35% 220.32%
Cash From Operating Activities -$6.510M -$1.129M
YoY Change 476.86% 213.82%
INVESTING ACTIVITIES
Capital Expenditures -$74.95K -$82.99K
YoY Change -9.69% 3539.91%
Acquisitions
YoY Change
Other Investing Activities -$3.428M -$13.20M
YoY Change -74.02%
Cash From Investing Activities -$3.503M -$13.28M
YoY Change -73.62% 582307.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.614M 14.66M
YoY Change -68.53%
NET CHANGE
Cash From Operating Activities -6.510M -1.129M
Cash From Investing Activities -3.503M -13.28M
Cash From Financing Activities 4.614M 14.66M
Net Change In Cash -5.399M 253.2K
YoY Change -2232.38% -169.96%
FREE CASH FLOW
Cash From Operating Activities -$6.510M -$1.129M
Capital Expenditures -$74.95K -$82.99K
Free Cash Flow -$6.435M -$1.046M
YoY Change 515.47% 192.6%

Facts In Submission

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CY2022Q1 uavs Lease Liabilities Related To Acquisition Of Right Of Use Assets Operating Leases
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Files In Submission

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