AgEagle天线系统2025年季度报告

Form10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number:001-36492 AGEAGLE AERIAL SYSTEMS INC. (Exact name of registrant as specified in its charter) Nevada88-0422242(State or other jurisdiction(I.R.S. Employer 8201 E. 34th Street N, Suite 1307Wichita,Kansas67226(Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code:(620)325-6363 Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange on Which RegisteredNYSE AmericanLLC Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reportingcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “emerging growth company” and “smaller reportingcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ As of November 14, 2025, there were40,072,588shares of Common Stock, par value $0.001 per share, issued and outstanding. AGEAGLE AERIAL SYSTEMS INC. TABLE OF CONTENTS PART IFINANCIAL INFORMATION3ITEM 1.FINANCIAL STATEMENTS:3Condensed Consolidated Balance Sheets as of September 30, 2025 (unaudited) and December 31, 20243Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three and NineMonthsEnded September30, 2025and 2024 (unaudited)4Condensed Consolidated Statements of Changes in Stockholders’Equity (Deficit) for the Three and NineMonths EndedSeptember30, 2025 and 2024 (unaudited)5Condensed Consolidated Statements of Cash Flows for the NineMonths Ended September 30, 2025 and 2024(unaudited)9Notes to Condensed Consolidated Financial Statements (unaudited)10ITEM 2.MANAGEMENT’SDISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS30ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK37ITEM 4.CONTROLS AND PROCEDURES37PART IIOTHER INFORMATION38ITEM 1.LEGAL PROCEEDINGS38ITEM 1A.RISK FACTORS38ITEM 2.RECENT SALES OF UNREGISTERED EQUITY SECURITIES AND USE OF PROCEEDS38ITEM 3.DEFAULTS UPON SENIOR SECURITIES38ITEM 4.MINE SAFETY DISCLOSURES38ITEM 5.OTHER INFORMATION38ITEM 6.EXHIBITS39SIGNATURES402 PART I–FINANCIAL INFORMATION Item 1.Financial Statements. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS COMMITMENTS AND CONTINGENCIES (NOTE 9) AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)(UNAUDITED) See accompanying notes to these unaudited condensed consolidated financial statements. AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’EQUITY (DEFICIT)FOR THETHREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025(UNAUDITED) AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’EQUITY (DEFICIT)FOR THETHREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025(UNAUDITED) AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’EQUITY (DEFICIT)FOR THETHREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024(UNAUDITED) AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’EQUITY (DEFICIT)FOR THETHREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024(UNAUDITED) AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) AGEAGLE AERIAL SYSTEMS INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSFOR THENINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024(UNAUD