AgEagle Aerial Systems, Inc. designs, develops, produces, distributes, and supports unmanned aerial vehicles for the precision agriculture industry in the United States and internationally. It offers FarmLens, a subscription based cloud analytics service that processes data collected with a drone for use by farmers and agronomists; HempOverview, a software-as-a-solution web- and map-based technology platform to support the operations of domestic industrial hemp programs for state and tribal nation departments of agriculture, growers, and processors; and ParkView, a proprietary aerial imagery and data analytics platform for assessing and supporting sustainability initiatives involving municipal, state, and federal public parks and recreation areas. The company was founded in 2010 and is headquartered in Wichita, Kansas.
From Motley Fool: It's less clear that the stock reaction is justified. A year ago, AgEagle was a penny stock, valued by the market at less than $10 million. The stock today is worth more than $400 million, largely thanks to speculation that the company was working with Amazon to develop an e-commerce delivery drone. AgEagle execs have said they are working with a major e-commerce customer, but so far have had little more to say on who it is or what exactly is going on. The company has expanded its operations in Wichita, Kansas, which could imply it sees a rapid expansion in demand for its drones on the horizon, but so far there is a lot more speculation than concrete evidence that something big is in the works.
