vs

Side-by-side financial comparison of Draganfly Inc. (DPRO) and Pulmatrix, Inc. (PULM). Click either name above to swap in a different company.

Draganfly Inc. is the larger business by last-quarter revenue ($1.7M vs $1.6M, roughly 1.1× Pulmatrix, Inc.). Pulmatrix, Inc. runs the higher net margin — -374.4% vs -409.2%, a 34.8% gap on every dollar of revenue. On growth, Draganfly Inc. posted the faster year-over-year revenue change (-8.7% vs -15.8%).

Draganfly Inc. is a technology firm specializing in commercial drone design, manufacturing, and sales, plus supporting software and custom aerial data solutions. It serves public safety, agriculture, industrial inspection, disaster response, and mapping segments, with core North American markets and a global client base.

Pulmatrix, Inc. is a clinical-stage biopharmaceutical firm specializing in developing innovative inhaled therapies for severe respiratory diseases including chronic obstructive pulmonary disease, cystic fibrosis and idiopathic pulmonary fibrosis. It uses its proprietary dry powder platform to improve inhaled medication efficacy and safety, advancing its product candidate pipeline via partnerships with global pharmaceutical players.

DPRO vs PULM — Head-to-Head

Bigger by revenue
DPRO
DPRO
1.1× larger
DPRO
$1.7M
$1.6M
PULM
Growing faster (revenue YoY)
DPRO
DPRO
+7.1% gap
DPRO
-8.7%
-15.8%
PULM
Higher net margin
PULM
PULM
34.8% more per $
PULM
-374.4%
-409.2%
DPRO

Income Statement — Q2 FY2024 vs Q2 FY2024

Metric
DPRO
DPRO
PULM
PULM
Revenue
$1.7M
$1.6M
Net Profit
$-7.1M
$-5.8M
Gross Margin
26.6%
Operating Margin
-380.2%
Net Margin
-409.2%
-374.4%
Revenue YoY
-8.7%
-15.8%
Net Profit YoY
-2.6%
-52.3%
EPS (diluted)
$-1.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DPRO
DPRO
PULM
PULM
Q2 24
$1.7M
$1.6M
Q1 24
$5.9M
Q4 23
$2.2M
Q3 23
$1.8M
Q2 23
$1.9M
$1.8M
Q1 23
$1.5M
Q4 22
$1.7M
Q3 22
$1.9M
Net Profit
DPRO
DPRO
PULM
PULM
Q2 24
$-7.1M
$-5.8M
Q1 24
$825.0K
Q4 23
$-2.1M
Q3 23
$-3.8M
Q2 23
$-6.9M
$-3.8M
Q1 23
$-4.4M
Q4 22
$-4.2M
Q3 22
$-5.1M
Gross Margin
DPRO
DPRO
PULM
PULM
Q2 24
26.6%
Q1 24
Q4 23
Q3 23
Q2 23
24.6%
Q1 23
Q4 22
Q3 22
Operating Margin
DPRO
DPRO
PULM
PULM
Q2 24
-380.2%
Q1 24
12.7%
Q4 23
-101.0%
Q3 23
-224.7%
Q2 23
-216.4%
Q1 23
-305.9%
Q4 22
-253.2%
Q3 22
-272.4%
Net Margin
DPRO
DPRO
PULM
PULM
Q2 24
-409.2%
-374.4%
Q1 24
14.0%
Q4 23
-94.6%
Q3 23
-215.3%
Q2 23
-363.8%
-206.9%
Q1 23
-296.7%
Q4 22
-246.8%
Q3 22
-269.9%
EPS (diluted)
DPRO
DPRO
PULM
PULM
Q2 24
$-1.59
Q1 24
$0.23
Q4 23
$-0.58
Q3 23
$-1.03
Q2 23
$-1.04
Q1 23
$-1.22
Q4 22
Q3 22
$-1.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DPRO
DPRO
PULM
PULM
Cash + ST InvestmentsLiquidity on hand
$5.3M
$12.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.6M
$13.3M
Total Assets
$9.9M
$15.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
PULM
PULM
Q2 24
$5.3M
$12.4M
Q1 24
$16.3M
Q4 23
$19.2M
Q3 23
$21.3M
Q2 23
$6.7M
$25.8M
Q1 23
$30.8M
Q4 22
$35.6M
Q3 22
$40.7M
Stockholders' Equity
DPRO
DPRO
PULM
PULM
Q2 24
$-2.6M
$13.3M
Q1 24
$19.0M
Q4 23
$18.0M
Q3 23
$19.9M
Q2 23
$8.7M
$23.4M
Q1 23
$27.0M
Q4 22
$31.1M
Q3 22
$35.0M
Total Assets
DPRO
DPRO
PULM
PULM
Q2 24
$9.9M
$15.8M
Q1 24
$30.4M
Q4 23
$34.0M
Q3 23
$36.8M
Q2 23
$31.4M
Q1 23
$36.1M
Q4 22
$41.0M
Q3 22
$46.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DPRO
DPRO
PULM
PULM
Operating Cash FlowLast quarter
$-3.7M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DPRO
DPRO
PULM
PULM
Q2 24
$-3.7M
Q1 24
$-2.7M
Q4 23
$-2.0M
Q3 23
$-4.1M
Q2 23
$-4.9M
Q1 23
$-4.9M
Q4 22
$-5.0M
Q3 22
$-3.6M
Free Cash Flow
DPRO
DPRO
PULM
PULM
Q2 24
$-3.9M
Q1 24
$-2.9M
Q4 23
Q3 23
$-4.5M
Q2 23
Q1 23
Q4 22
$-5.1M
Q3 22
FCF Margin
DPRO
DPRO
PULM
PULM
Q2 24
-252.6%
Q1 24
-48.8%
Q4 23
Q3 23
-254.1%
Q2 23
Q1 23
Q4 22
-296.0%
Q3 22
Capex Intensity
DPRO
DPRO
PULM
PULM
Q2 24
15.7%
Q1 24
2.6%
Q4 23
Q3 23
17.9%
Q2 23
Q1 23
Q4 22
0.5%
Q3 22
0.0%
Cash Conversion
DPRO
DPRO
PULM
PULM
Q2 24
Q1 24
-3.30×
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons