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.
Looks like they could use a government bailout. The world would end if we didn’t have drones.