Global UAV Technologies has posted a 65% increase in revenue for the second quarter of the year.
Unaudited revenue for the three months to April 30 totalled $537,000 (£406,000) as the company saw strong demand for its aerial imaging services.
“We are pleased with the second quarter revenue amounts, which represent Global UAV’s strongest quarter to date and a 65% increase over the previous Q1 2018 revenue. The significant growth over last quarter was supported by multiple revenue streams coming from both High Eye Aerial Imaging and Pioneer Aerial Surveys,” stated Michael Burns, CEO and director of Global UAV.
The company plans to continue its growth through technology development, expanding the business of its current divisions and the continued evaluation of potential acquisitions. As a vertically integrated consortium of businesses in the UAV industry, the company believes it is well-positioned in the UAV technology space.
Global UAV is a vertically integrated company within the commercial UAV sector. Through its wholly owned divisions, including Pioneer Aerial Surveys, High Eye Aerial Imaging, UAV Regulatory Services, and NOVAerial Robotics, it works to provide a full spectrum of UAV-based services and products including manufacturing, service provider and regulatory divisions.
In January it announced that it had taken its first steps towards expanding its services and sales operations to Africa.
The company revealed that it is currently in discussions with several national-scale companies that are interested in UAV based geophysics surveying, security solutions, agriculture and LiDAR services and systems.
Following the global expansion plan, Global UAV Technologies also grew its business empire with the acquisition of Aerial Imagining Resources, a private Canadian unmanned aerial vehicle services company that focuses on providing geophysical surveys to its local and international client base.