Good morning, my dears,
I remain invested. The sector is growing rapidly. And AeroVironment is clearly the better investment for me. $DRO (-4.25%) .
AeroVironment is also developing drone defense systems, such as the sensor-to-shooter kit for the Switchblade, which enables more efficient target acquisition and engagement.
AEROVIRONMENT INC ( AVAV ) reported an increase in profits for the fourth quarter compared to the same period last year
The company's profit amounted to 16.66 million US dollars, or 0.59 US dollars per share. In the previous year, it amounted to USD 6.05 million or USD 0.22 per share.
Excluding special items, AEROVIRONMENT INC reported adjusted earnings of USD 0.43 per share for the period.
The company's turnover increased by 39.6 % in this period from USD 196.979 million in the previous year to USD 275.050 million.
AEROVIRONMENT INC's results at a glance (GAAP):
- Net income: USD 16.66 million compared to USD 6.05 million in the previous year.
- Earnings per share: USD 0.59 compared to USD 0.22 in the previous year.
- Sales: USD 275.050 million compared to USD 196.979 million in the previous year.
https://www.rttnews.com/3548526/aerovironment-inc-reports-rise-in-q4-profit.aspx
