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

Draganfly Inc. is the larger business by last-quarter revenue ($1.7M vs $1.3M, roughly 1.4× RELMADA THERAPEUTICS, INC.). On growth, RELMADA THERAPEUTICS, INC. posted the faster year-over-year revenue change (13.0% vs -8.7%).

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.

Relmada Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing novel therapies for central nervous system disorders. Its lead product candidate targets treatment-resistant depression, with ongoing clinical trials to address unmet medical needs in its primary markets of North America and Europe.

DPRO vs RLMD — Head-to-Head

Bigger by revenue
DPRO
DPRO
1.4× larger
DPRO
$1.7M
$1.3M
RLMD
Growing faster (revenue YoY)
RLMD
RLMD
+21.7% gap
RLMD
13.0%
-8.7%
DPRO

Income Statement — Q2 FY2024 vs Q4 FY2023

Metric
DPRO
DPRO
RLMD
RLMD
Revenue
$1.7M
$1.3M
Net Profit
$-7.1M
Gross Margin
26.6%
Operating Margin
-2130.6%
Net Margin
-409.2%
Revenue YoY
-8.7%
13.0%
Net Profit YoY
-2.6%
EPS (diluted)
$-0.84

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
RLMD
RLMD
Q2 24
$1.7M
Q4 23
$1.3M
Q3 23
$1.3M
Q2 23
$1.9M
$1.4M
Q1 23
$1.2M
Q4 22
$1.1M
Q3 22
$827.6K
Q2 22
$387.3K
Net Profit
DPRO
DPRO
RLMD
RLMD
Q2 24
$-7.1M
Q4 23
Q3 23
$-22.0M
Q2 23
$-6.9M
$-25.3M
Q1 23
$-26.3M
Q4 22
$-37.9M
Q3 22
$-39.4M
Q2 22
$-39.9M
Gross Margin
DPRO
DPRO
RLMD
RLMD
Q2 24
26.6%
Q4 23
Q3 23
Q2 23
24.6%
Q1 23
Q4 22
Q3 22
Q2 22
Operating Margin
DPRO
DPRO
RLMD
RLMD
Q2 24
Q4 23
-2130.6%
Q3 23
-1717.3%
Q2 23
-1908.9%
Q1 23
-2331.3%
Q4 22
-3472.5%
Q3 22
-4680.6%
Q2 22
-11750.1%
Net Margin
DPRO
DPRO
RLMD
RLMD
Q2 24
-409.2%
Q4 23
Q3 23
-1665.0%
Q2 23
-363.8%
-1855.9%
Q1 23
-2179.6%
Q4 22
-3404.5%
Q3 22
-4762.9%
Q2 22
-10310.2%
EPS (diluted)
DPRO
DPRO
RLMD
RLMD
Q2 24
Q4 23
$-0.84
Q3 23
$-0.73
Q2 23
$-0.84
Q1 23
$-0.87
Q4 22
Q3 22
$-1.31
Q2 22
$-1.33

Balance Sheet & Financial Strength

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

Metric
DPRO
DPRO
RLMD
RLMD
Cash + ST InvestmentsLiquidity on hand
$5.3M
$96.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.6M
$85.4M
Total Assets
$9.9M
$97.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
RLMD
RLMD
Q2 24
$5.3M
Q4 23
$96.3M
Q3 23
$106.3M
Q2 23
$6.7M
$118.5M
Q1 23
$132.4M
Q4 22
$148.3M
Q3 22
$141.6M
Q2 22
$174.7M
Stockholders' Equity
DPRO
DPRO
RLMD
RLMD
Q2 24
$-2.6M
Q4 23
$85.4M
Q3 23
$100.7M
Q2 23
$8.7M
$111.3M
Q1 23
$125.5M
Q4 22
$140.4M
Q3 22
$166.3M
Q2 22
$196.9M
Total Assets
DPRO
DPRO
RLMD
RLMD
Q2 24
$9.9M
Q4 23
$97.6M
Q3 23
$109.1M
Q2 23
$122.0M
Q1 23
$135.6M
Q4 22
$152.9M
Q3 22
$187.1M
Q2 22
$215.8M

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
RLMD
RLMD
Operating Cash FlowLast quarter
$-10.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DPRO
DPRO
RLMD
RLMD
Q2 24
Q4 23
$-10.2M
Q3 23
$-11.6M
Q2 23
$-13.3M
Q1 23
$-16.5M
Q4 22
$-35.9M
Q3 22
$-26.9M
Q2 22
$-21.6M

Financial Flow Comparison

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

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