DRONE VOLT Exceeds Quarterly Targets by Tripling Gross Margin by March 2024

Release Highlights:

• DRONE VOLT, a manufacturer of professional civilian drones and expert in embedded solutions, reported a significant increase in quarterly revenue, multiplying it by more than five, largely due to new deliveries complementing a record order from 2023, and tripling its gross margin thanks to the promising start of the DRONE VOLT EXPERT service offering.
• The company recorded a 466% revenue increase in Q1 2024, reaching €8.9 million, driven by the completion of a historic order from February 2023 and regular new orders. DRONE VOLT FACTORY, SERVICES & ACADEMY also saw its revenue more than double to nearly €0.7 million, with a significant contribution from the new DRONE VOLT EXPERT services, boosting the overall group results.
• CEO Marc Courcelle attributes the successful quarter to new drone models like the LINEDRONE and DRONE VOLT KOBRA, and the robust performance of the HERCULES 20 and HELIPLANE. The company aims to maintain strong profitability through its three pillars: expanding service offerings, enriching its drone portfolio, and leveraging its distribution network, ensuring significant growth in gross margin and improved group profitability for 2024.