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Drone maker AeroVironment posts $1.4-million loss

by W.J. Hennigan, LA Times:

AeroVironment Inc., the Monrovia company that makes small spy drones and electric vehicle charging systems, posted a first-quarter loss of $1.4 million, or 6 cents a share, brought on by decreased sales of its robotic aircraft.

Analysts on average had forecast a loss of 3 cents a share.

In the same period last year the company had a profit of $326,000, or 2 cents a share.

AeroVironment is the Pentagon‘s top supplier of small drones — including the Raven, Wasp and Puma models.

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