The earnings call highlighted significant operational improvements and strategic milestones, such as BVLOS expansion and cost reductions, while acknowledging challenges like revenue and profit margin declines due to seasonal and geopolitical factors.

Company Guidance

During the Volatus Aerospace Q1 2025 earnings call, the company reported $5.7 million in revenue, a decrease from $6.6 million in Q1 2024, primarily due to seasonal weather impacts and geopolitical uncertainties. Despite the revenue decline, Volatus achieved a 5% improvement in equipment gross margin and maintained a strong services gross margin of 42%, resulting in an overall blended gross margin of 32%. The pro forma loss decreased from $4.4 million in Q1 2024 to $3.36 million in Q1 2025, driven by a $1.78 million reduction in post-merger costs. Operating expenses showed significant improvements, with marketing expenses reduced by 54%, IT and tech costs down by 5%, and office costs decreased by 25%. Personnel costs rose by 11% to support future growth. The company achieved a 30% improvement in normalized EBITDA year-over-year, with a 70% improvement on a pro forma basis, and generated $1.45 million in cash from operating activities. Volatus is optimistic about future performance, expecting to become EBITDA positive by mid-year 2025, supported by a strong sales pipeline and new regulatory approvals for beyond visual line of sight (BVLOS) operations across Canada.

Expansion of Beyond Visual Line of Sight (BVLOS) Operations

Volatus Aerospace has achieved significant milestones with the expansion of BVLOS operations across Canada, allowing nationwide approvals for daytime and nighttime operations in uncontrolled airspace.

Improvement in Pro Forma Loss

Pro forma loss improved from $4.4 million in Q1 2024 to $3.36 million in Q1 2025, driven by a reduction in post-merger costs by $1.78 million in Q1 alone.

Normalized EBITDA Improvement

Achieved a 30% improvement in normalized EBITDA, reflecting strong operational discipline and margin focus, with a 70% year-on-year improvement on a pro forma basis.

Strong Cash Generation

Generated $1.45 million in cash from operating activities during the quarter, indicating strong financial health and operational execution.

Significant Cost Reductions

Marketing expenses reduced by 54%, IT and tech costs declined by 5%, and office costs were down 25% due to active vendor management and operational efficiencies.

Drone Delivery Canada (TSE:FLT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:FLT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 27, 2025	2025 (Q3)	0.00 / -	-0.02	―	―	―
Aug 20, 2025	2025 (Q2)	0.00 / -0.01	-0.006	-66.67% (>-0.01)	―	―
May 29, 2025	2025 (Q1)	- / -	-0.008	―	―	―
Apr 30, 2025	2024 (Q4)	-0.01 / -0.01	-0.008	-25.00% (>-0.01)	―	―
Nov 28, 2024	2024 (Q3)	0.00 / -0.02	-0.01	-100.00% (-0.01)	―	―
Aug 26, 2024	2024 (Q2)	- / <0.01	-0.01	190.00% (+0.02)	―	―
May 27, 2024	2024 (Q1)	- / -	-0.01	―	―	―
Apr 24, 2024	2023 (Q4)	- / >-0.01	-0.01	20.00% (<+0.01)	―	―
Nov 13, 2023	2023 (Q3)	- / -0.01	-0.02	50.00% (+0.01)	―	―
Aug 16, 2023	2023 (Q2)	- / -0.01	-0.02	50.00% (+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:FLT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 20, 2025	C$0.64	C$0.58	-9.38%
May 29, 2025	C$0.14	C$0.14	0.00%
Apr 30, 2025	C$0.14	C$0.13	-3.70%
Nov 28, 2024	C$0.13	C$0.14	+16.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Drone Delivery Canada Corp (TSE:FLT) report earnings?

Drone Delivery Canada Corp (TSE:FLT) is schdueled to report earning on Nov 27, 2025, TBA (Confirmed).

What is Drone Delivery Canada Corp (TSE:FLT) earnings time?

Drone Delivery Canada Corp (TSE:FLT) earnings time is at Nov 27, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:FLT EPS forecast?

TSE:FLT EPS forecast for the fiscal quarter 2025 (Q3) is 0.

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