How did Draganfly's revenue and expenses shift in Q4 2024 compared to previous quarters?

Draganfly's revenue and expenses in Q4 2024 showed notable shifts compared to previous quarters:

1. **Revenue Increase**: Draganfly experienced a significant revenue surge in Q4 2024, with a total revenue of $1.61 million, marking a 76% increase year-over-year. This growth was attributed to enhanced production capabilities and a strategic focus on drone applications. The company's capacity to meet demand, especially in the Military and Public Safety sectors, contributed to this revenue uptick.
2. **Expense Management**: There was a notable decrease in cash used in operating activities by $6.94 million, or 37%, year-over-year. This improvement in cash flow efficiency suggests effective expense management during the quarter. However, specific expense details for Q4 2024 are not available.

3. **Gross Profit and Margin**: Despite the revenue increase, the gross profit decreased to $1.39 million, with a gross margin of 21.3%. This indicates a potential challenge in maintaining profitability as the company scales up its operations. The adjusted gross margin decreased from 36.5% in 2023 to 30.9% in 2024.
4. **Net Loss Improvement**: Draganfly's total comprehensive loss for the quarter improved significantly, narrowing to $14.06 million compared to $23.7 million in the previous year. This reduction in losses suggests effective cost management and operational improvements, despite the revenue growth.

In conclusion, Draganfly's Q4 2024 financial performance demonstrated robust revenue growth and improved cash flow efficiency, while also facing challenges in maintaining profitability and gross margin. The company's strategic focus on innovation and expansion in government and defense sectors, along with effective expense management, contributed to its financial improvements.