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Drone Delivery Canada (OTC) (TSE:FLT)
:FLT
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 27, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 29, 2025
|% Change Since: 42.86%
|Next Earnings Date:Aug 27, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted progress in operational efficiency and expansion of BVLOS operations, but was overshadowed by a decline in revenue and increased personnel costs. Despite these challenges, the company remains optimistic about future growth opportunities.Company Guidance
In the Q1 2025 earnings call, Volatus Aerospace provided comprehensive guidance on its financial performance and strategic initiatives. The company reported $5.7 million in revenue, a decrease from $6.6 million in Q1 2024, largely due to seasonal weather impacts and geopolitical uncertainties. Despite this, Volatus achieved a 5% year-over-year improvement in equipment gross margin and maintained a stable services gross margin at 42%, resulting in a blended gross margin of 32%. The pro forma loss improved from $4.4 million in Q1 2024 to $3.36 million in Q1 2025, with significant cost reductions post-merger. Operating expenses saw meaningful improvements, with marketing expenses down 54% and IT costs reduced by 5%. The company's normalized EBITDA improved by 30%, reflecting strong operational discipline. Volatus generated $1.45 million in cash from operating activities, signaling robust financial health. The product mix shifted to 44% equipment and 56% service, with gross profit at $1.83 million. The expansion of beyond visual line of sight (BVLOS) operations across Canada and the deployment of drone-in-a-box solutions were highlighted as key strategic advancements, positioning Volatus for enhanced margins and revenue growth in upcoming quarters.Improved Gross Margin
Achieved a 5% year-over-year improvement in gross margin compared to Q1 2024, with services gross margin stable at 42%.
Operational Efficiency and Cost Reduction
SG&A improvements included a 54% reduction in marketing expenses, 5% decrease in IT and tech costs, and 25% reduction in office costs, leading to a 70% year-on-year improvement in normalized EBITDA.
Cash Generation
Generated $1.45 million in cash from operating activities during the quarter, indicating strong financial health and operational execution.
Expansion of BVLOS Operations
Received general BVLOS approvals across Canada for daytime operations in uncontrolled airspace, enhancing remote drone operation capabilities.
TSE:FLT Earnings History
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 |
|---|---|---|---|
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% |
Aug 26, 2024 | C$0.18 | C$0.17 | -2.78% |
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 (OTC) (TSE:FLT) report earnings?
Drone Delivery Canada (OTC) (TSE:FLT) is schdueled to report earning on Aug 27, 2025, TBA Not Confirmed.
What is Drone Delivery Canada (OTC) (TSE:FLT) earnings time?
Drone Delivery Canada (OTC) (TSE:FLT) earnings time is at Aug 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:FLT EPS forecast?
Currently, no data Available