DRONE VOLT: Revenue up +26% at the end of September 2022 and double-digit annual growth outlook – 10/19/2022 at 6:00 pm

Villepinte, October 19, 2022

• New revenue record at the end of September 2022 thanks to the diversification of the customer portfolio;
  

• Favorable commercial prospects for the end of the year allowing to anticipate a double-digit annual growth;
  

• Confidence for 2023 with in particular the commercial launch of LINEDRONE
  [1]
  and the development of the “Drone as a Service” offer.
  

DRONE VOLT, expert in embedded artificial intelligence and manufacturer of professional civilian drones, presents its turnover at the end of September 2022.

“The revenue growth at the end of September 2022 is a further success of the company’s commercial strategy. We have been able to diversify our offer and expand our client portfolio to meet the expectations of professionals. Every day, we deploy more professional drones around the world and thus continue our market penetration to capture new customers who will gradually switch to our higher value-added offers. Everything suggests that the trend will remain positive until the end of the year and 2023 promises to be a year of consecration in the energy sector thanks to innovations in terms of products and services. »

says Marc Courcelle, Managing Director of DRONE VOLT.

Turnover up by +26%

Thanks to a 47% increase in turnover in the 3

^th

quarter of 2022, cumulative sales at the end of September 2022 reached a record level of nearly 8.0 million euros, an increase of +26% over 1 year.

This performance is all the more remarkable since, as announced when the half-year results were published, DRONE VOLT suspended the invoicing of production licenses to its American partner and concentrated the agreement on the distribution of the HERCULES 20 in the United States. This strategic decision cost 5 points of revenue growth over the first 9 months of 2022. In this context, DRONE VOLT is studying the opportunity to depreciate part of the fixed assets held in its accounts relating to this partnership (no significant current assets to date). This accounting transaction would have no impact on the Group’s cash flow, which would still rely on shareholders’ equity well in excess of €20 million.

DRONE VOLT thus largely offset the impact of the evolution of this partnership on the activities of DRONE VOLT FACTORY, SERVICES & ACADEMY (down 48%) by accelerating the distribution of third-party brands (+86%). This strategy demonstrates DRONE VOLT’s ability to expand its customer base in Europe, in particular thanks to the successful integration of the Dutch company SKYTOOLS, which has contributed 600 keuros since the beginning of 2022.

This commercial conquest makes it possible to address new customers who, tomorrow, will be natural candidates for the Group’s value-added product and service offerings.

Increase of 7 points in the gross margin rate of DRONE VOLT FACTORY, SERVICES & ACADEMY

This offers encouraging prospects, as the gross margin of high value-added activities increased by 7 points between the end of September 2021 and the end of September 2022 to stand at 64% of sales. DRONE VOLT is taking advantage of the ramping up of its studies and training activities, thanks to the end of travel restrictions, and good control of the supply of components.

In the short term, the consolidated gross margin fell by 11 points, to 24% of sales, due to the greater share of third-party brand distribution activities. The new orientation of the partnership agreement in the United States cost 3 points of gross margin over the first 9 months of the year.

Favorable business outlook for 2022 and 2023

Given the good momentum observed at the end of September and the commercial contacts in progress, DRONE VOLT anticipates a favorable end to the year and double-digit growth in its annual turnover (8.6 million euros in 2021) . This trend is fueled in particular by the very good feedback from the last trade fairs where DRONE VOLT exhibited its solutions, whether CIGRE

[3]

in August 2022 or the National Congress of French Firefighters in September 2022. DRONE VOLT presented its intervention assistance solutions (including the HERCULES 20 range recognized for its carrying capacity, thermal cameras equipped with artificial intelligence , etc.).

Beyond that, DRONE VOLT is already preparing for fiscal year 2023, which will see the commercial launch of the LINEDRONE developed in collaboration with HYDRO-QUEBEC. For the record, this drone, unique in its kind, is intended for the complex inspection of high voltage electricity transmission lines. It detects energy losses in an electrical network in order to accurately determine maintenance needs. The last validation tests in real conditions on active High Voltage lines have been crowned with success.

DRONE VOLT intends in particular to rely on its unparalleled products to deploy its “Drone as a Service” offer for use by invoicing the use and not the possession of its products. This strategy will facilitate commercial deployment, by replacing the significant investment for the customer by a cost largely covered by the resulting profits. For DRONE VOLT, it is also a major extra-financial commitment, by limiting the number of drones produced thanks to shared use by several customers.

Next press release: Revenue for the 2022 financial year, Wednesday January 18, 2023

All DRONE VOLT press releases are available at www.dronevolt.com / Investors

To receive all press releases for free, subscribe to Actusnews

To receive the company’s newsletter, write to: [email protected]

About DRONE VOLT

Created in 2011, DRONE VOLT is an aeronautical manufacturer specialized in professional civilian drones and artificial intelligence. DRONE VOLT is established in France, Benelux, Canada, Denmark, the United States, Switzerland and Indonesia. A global partner, DRONE VOLT offers its customers “turnkey” business solutions including various services and training in drone piloting.

The DRONE VOLT Group, a member of GICAT, achieved a turnover of 8.6 million euros in 2021.

DRONE VOLT notably supplies administrations and manufacturers such as the French Army, the Ministry of the Armed Forces, Engie, Total, Bouygues ES, ADP, the Gendarmerie des Transports Aériens (GTA), international governmental agencies, etc.

DRONE VOLT is qualified as an “Innovative Company” by Bpifrance.

DRONE VOLT is listed on the Euronext Growth market in Paris:

Share: Ticker: ALDRV.PA – ISIN code: FR0013088606 – Eligible: PEA, PEA-PME

Warrant: Ticker: BNBS.PA – ISIN code: FR0014007951

More information on

www.dronevolt.com

contacts:

[1]

Drone intended for the complex inspection of high voltage electricity transmission lines. It detects energy losses in an electrical network in order to accurately determine maintenance needs.

[2]

Figures including the contribution of the Dutch company SKYTOOLS since January 18, 2022.

[3]

International Council of Large Electricity Networks

© Copyright Actusnews Wire

Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com