Global UAV Technologies Ltd. (
CSE: UAV,
OTCQB: YRLLF,
Forum) has just released its quarterly results up to July 31, 2017. This is the Company’s second full quarter of operations in the UAV space.
UAV has reported revenues of $333,529 for the quarter, representing an 84% increase from the previous quarter. This revenue increase has pushed the Company into profitability, with an operating profit of $66,954.
Management has also reported several initiatives: rebranding of the Company, the acquisition of UAV Regulatory Services Ltd., and the definitive agreement to acquire NOVAerial Robotics Ltd. Further information can be found
here.
Global UAV was recently in the news at the end of August when it reported the successful completion of its
Pearl Harbor aerial survey.
FULL DISCLOSURE: Global UAV Technologies Ltd is a paid client of Stockhouse Publishing.