AeroVironment Climbs Back Into the Black on Drone Strength

Investors have hoped for a long time that AeroVironment (NASDAQ: AVAV) would be able to take full advantage of the extensive potential in manufacturing drones. Yet despite ongoing efforts, the company has largely failed to meet its potential, and some shareholders in AeroVironment have become impatient about its inability to use some of its competitive edges to produce more impressive financial results.

Coming into Tuesday's fiscal second-quarter financial report, AeroVironment shareholders were prepared for the company to lose more money, but they wanted at least to see signs of upticks on the sales front. Instead, AeroVironment was able to post a profit, and a massive sales gain now has investors wondering if now could finally be the time for the drone maker's prospects to soar. Let's look more closely at how AeroVironment did and what's ahead for the company.

Image source: AeroVironment.

Source: Fool.com