AgEagle Aerial Systems Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>AgEagle Aerial Systems Inc. has filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

AgEagle Aerial Systems Inc. (UAVS) filed a Annual Report (10-K) with the SEC on April 1, 2024. AgEagle Aerial Systems Inc. filed its 2023 Form 10-K on April 1, 2024. The company is incorporated in Nevada and operates in the Aircraft manufacturing sector (SIC 3721). Its principal business address is in Wichita, Kansas. The filing covers the fiscal year ending December 31, 2023. AgEagle was formerly known as EnerJex Resources, Inc., MILLENNIUM PLASTICS CORP, and AURORA CORP.

Why It Matters

For investors and stakeholders tracking AgEagle Aerial Systems Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of AgEagle's financial performance, business operations, and risk factors for the fiscal year 2023, crucial for investors to assess the company's current standing and future prospects. The detailed financial statements and disclosures within the 10-K are essential for understanding AgEagle's financial health, including its revenue, net income, and debt levels, which are key indicators for investment decisions.

Risk Assessment

Risk Level: medium — AgEagle Aerial Systems Inc. shows moderate risk based on this filing. The company's financial performance and operational risks, as detailed in the 10-K, require careful investor scrutiny to determine the overall investment risk.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to make informed decisions about AgEagle Aerial Systems Inc.

Key Numbers

• 2023-12-31 — Fiscal Year End (Fiscal year end date)
• 2024-04-01 — Filing Date (Date the 10-K was filed)
• 2023-01-01 — Fiscal Year Start (Fiscal year start date)
• 3721 — SIC Code (Standard Industrial Classification code for Aircraft)

Key Players & Entities

• AgEagle Aerial Systems Inc. (company) — Filer name
• Wichita (location) — Business address city
• KS (location) — Business address state
• EnerJex Resources, Inc. (company) — Former company name
• MILLENNIUM PLASTICS CORP (company) — Former company name
• AURORA CORP (company) — Former company name
• NV (location) — State of incorporation
• UAVS (ticker) — Ticker symbol

FAQ

Industry Context

AgEagle Aerial Systems Inc. operates in the aircraft manufacturing industry, specifically focusing on aerial systems.

Regulatory Implications

The company is subject to SEC regulations for public filings, including the annual 10-K report.

What Investors Should Do

1. Review the full 10-K filing for detailed financial statements and management discussion.
2. Analyze the risk factors section to understand potential challenges facing AgEagle.
3. Compare AgEagle's 2023 performance against previous years and industry benchmarks.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-04-01: Filing Date — The date AgEagle Aerial Systems Inc. submitted its 10-K to the SEC.

Year-Over-Year Comparison

This filing is the 2023 Form 10-K, providing the latest annual financial and operational data for AgEagle Aerial Systems Inc.

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 per share UAVS NYSE American LLC

Filing Documents

• form10-k.htm (10-K) — 3016KB
• ex4-1.htm (EX-4.1) — 22KB
• ex21-1.htm (EX-21.1) — 4KB
• ex23-1.htm (EX-23.1) — 3KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• ex97-1.htm (EX-97.1) — 36KB
• ex97-2.htm (EX-97.2) — 4KB
• ex97-3.htm (EX-97.3) — 13KB
• ex97-2_001.jpg (GRAPHIC) — 302KB
• ex97-2_002.jpg (GRAPHIC) — 413KB
• ex97-2_003.jpg (GRAPHIC) — 401KB
• ex97-2_004.jpg (GRAPHIC) — 344KB
• ex97-2_005.jpg (GRAPHIC) — 248KB
• 0001493152-24-012100.txt (&nbsp;) — 17262KB
• uavs-20231231.xsd (EX-101.SCH) — 85KB
• uavs-20231231_cal.xml (EX-101.CAL) — 109KB
• uavs-20231231_def.xml (EX-101.DEF) — 423KB
• uavs-20231231_lab.xml (EX-101.LAB) — 768KB
• uavs-20231231_pre.xml (EX-101.PRE) — 641KB
• form10-k_htm.xml (XML) — 2775KB

BUSINESS

BUSINESS 4 ITEM 1A. RISK FACTORS 24 ITEM 1B. UNRESOLVED STAFF COMMENTS 37 ITEM 1C. CYBER-SECURITY 37 ITEM 2.

PROPERTIES

PROPERTIES 39 ITEM 3. LEGAL PROCEEDINGS 39 ITEM 4. MINE SAFETY DISCLOSURES 39 PART II 40 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 40 ITEM 6. [RESERVED] 41 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41 ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 52 ITEM 8. FINANCIAL 52 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 52 ITEM 9A. CONTROLS AND PROCEDURES 52 ITEM 9B. OTHER INFORMATION 53 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 53 PART III 54 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 54 ITEM 11. EXECUTIVE COMPENSATION 54 ITEM 12. SECURITY 54 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 54 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 54 PART IV 55 ITEM 15. EXHIBITS,

FINANCIAL STATEMENTS, SCHEDULES

FINANCIAL STATEMENTS, SCHEDULES 55 INDEX TO FINANCIAL STATEMENTS F-1 ITEM 16. FORM 10-K SUMMARY 56 2 PART I This Annual Report on Form 10-K ("Annual Report") contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, or the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management and involve risks and uncertainties. Forward-looking statements include statements regarding our plans, strategies, objectives, expectations and intentions, which are subject to change at any time at our discretion. Forward-looking statements include our assessment, from time to time of our competitive position, the industry environment, potential growth opportunities, the effects of regulation and events outside of our control, such as natural disasters, wars or health epidemics. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "hopes," "intends," "may," "plans," "potential," "predicts," "projects," "should," "will," "would" or similar expressions. Forward-looking to differ materially from the forward-looking statement. These uncertainties and other factors include, among other things: unexpected technical and marketing difficulties inherent in major research and product development efforts; our ability to remain a market innovator, to create new market opportunities, and/or to expand into new markets; the potential need for changes in our long-term strategy in response to future developments; our ability to attract and retain skilled employees; our

View Full Filing

View this 10-K filing on SEC EDGAR