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Wednesday, January 19, 2022

Drone USA Inc (OTCMKTS: DRUS) Strikes Deal with Kentucky

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One stock that has started to battle for the OTC spotlight on a consistent basis over the past month is Drone USA Inc (OTCMKTS: DRUS). The key is the arrival of government contracts for the company. That factor has spurred a massive influx of volume, with a jump of hundreds of times the daily average before mid-June. Tuesday brought a new all-time high in volume on more of the same.

To wit: the company just announced that the Commonwealth of Kentucky awarded Drone USA a one-year master agreement to supply drones, unmanned aircraft systems, and accessories to Kentucky state agencies. According to the release, “The contract may be extended at the completion of the initial contract period for four additional one-year periods.”

Drone USA Inc (OTCMKTS: DRUS) casts itself as a company that focuses on the research, design, development, testing, manufacture, distribution, export, and integration of advanced low altitude unmanned aerial vehicles systems, services, and products. It offers quadcopter and fixed-wing unmanned aerial vehicles to government and commercial markets.

The company, through its subsidiary, HowCo Distributing Co., also provides product procurement, distribution, and logistics services to the United States Department of Defense and Defense Logistics Agency. In addition, it provides drone operator training services; and licensed piloted services, such as search and rescue, utility inspection, real estate marketing, construction, engineering, and agriculture. Further, the company offers spare and replacement parts to various federal government agencies, the U.S. military prime contractors, and commercial customers worldwide.

Drone USA, Inc. is headquartered in West Haven, Connecticut.

According to company materials, “Headquartered at 16 Hamilton Street, West Haven CT, Drone USA is everything drone for U.S. Law Enforcement, Fire Fighters, U.S, Industry and the U.S. Government… Drone USA, Inc. (OTCQB: DRUS), headquartered in West Have, CT., is a service provider, manufacturer and reseller of drones and distributor of products to the U.S. Government. Our competitive advantage stems from offering superior service, high quality products and establishing and maintaining life-long customer friendships. Our primary markets U.S. police, firemen, U.S. industry and the U.S. Government.”

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As noted above, the company just announced that the Commonwealth of Kentucky awarded Drone USA a one-year master agreement to supply drones, unmanned aircraft systems and accessories to Kentucky state agencies.

The chart shows a bit less than 150% during the past month in terms of shareholder gains in the stock, a bounce that has taken root amid largely bearish action over the larger time frame. Furthermore, the company has witnessed a pop in interest, as transaction volume levels have recently pushed a bit over 840% over what the stock has registered over the longer term.

Michael Bannon, Drone USA’s Chief Executive Officer, commented, “We are extremely excited to be part of Kentucky’s statewide drone program. There are so many uses for drones. Drones help reduce costs, making work more efficient and safer while providing security, protecting the environment, mapping, conducting inspections and much more.”

Earning a current market cap value of $2.16M, DRUS has virtually no cash on the books, which is balanced by about $10.6M in total current liabilities. One should also note that debt has been growing over recent quarters. DRUS is pulling in trailing 12-month revenues of $21M. However, the company is seeing declines on the top-line on a quarterly y/y basis, with revenues falling at -18.1%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $DRUS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $DRUS, either long or short, and we have not been compensated for this article.

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