UAVS Stock Drops 14.5% Amid Q3 Loss Narrowing Y/Y, Defense Business Expands

AgEagle Aerial Systems reported a Q3 loss of $2.62 million, a significant improvement from the prior year, but revenues declined to $1.97 million from $3.28 million. Drone revenues rose to $1.06 million, while sensor revenues dropped to $0.91 million. Cash improved significantly to $16.63 million, driven by preferred stock issuances and warrant exercises. The company emphasized progress in cost alignment, commercial expansion, and operational readiness, with a focus on disciplined capital use.