The company, which makes lightweight drones and mapping software, reported first-quarter revenue of 18.4 million euros ($20.6 million), 17% higher from the same period a year earlier. The sales increase was supported by a strong performance at its professional microdrones division, which generates 57% of the group revenue. Parrot exited the consumer drone market in 2021 and since then designs and sells small drones and mapping software for corporate and government clients.
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Pony AI (NASDAQ: PONY) reports Q1 revenue up 145% to $34.25M, driven by a 395% surge in robotaxi services. Read the full earnings…
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Its footprint now spans dozens of cities across 12 countries.
