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Drone Delivery Canada
(OTC:FLT)
Drone Delivery Canada (FLT) vs. iShares MSCI Canada ETF (EWC)
Drone Delivery Canada Business Overview & Revenue Model
Drone Delivery Canada Earnings Call Summary
Drone Delivery Canada Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.15M | 34.87M | 29.77M | 9.91M | 265.26K |
| Gross Profit | 9.56M | 11.14M | 8.35M | 2.53M | 4.32K |
| EBITDA | -5.91M | -4.46M | -3.03M | -2.87M | 435.79K |
| Net Income | -13.14M | -9.46M | -4.62M | -3.68M | 440.10K |
Balance Sheet | |||||
| Total Assets | 57.80M | 26.88M | 19.75M | 32.96M | 29.37M |
| Cash, Cash Equivalents and Short-Term Investments | 1.56M | 1.68M | 15.30M | 27.67M | 23.46M |
| Total Debt | 24.07M | 18.73M | 220.01K | 410.60K | 484.14K |
| Total Liabilities | 31.47M | 24.34M | 1.23M | 2.20M | 2.27M |
| Stockholders Equity | 27.28M | 3.31M | 18.52M | 30.76M | 27.10M |
Cash Flow | |||||
| Free Cash Flow | -13.88M | -3.39M | -12.12M | -12.57M | -9.01M |
| Operating Cash Flow | -12.43M | -1.65M | -11.94M | -11.89M | -8.35M |
| Investing Cash Flow | -664.71K | -2.03M | -176.99K | -687.37K | -658.24K |
| Financing Cash Flow | 13.40M | 1.68M | -256.06K | 16.78M | 22.70M |
Drone Delivery Canada Technical Analysis
Drone Delivery Canada Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $10.66B | 16.26 | 6.50% | 2.14% | 2.69% | -21.81% | |
62 Neutral | $149.38M | ― | -46.45% | ― | -1.88% | -58.80% | |
62 Neutral | C$48.44M | 12.44 | 679.89% | ― | -10.35% | ― | |
52 Neutral | $305.75M | ― | -91.72% | ― | 2396.22% | -6.34% | |
49 Neutral | C$61.56M | ― | -90.88% | ― | 362.71% | -239.06% | |
27 Underperform | C$1.08M | ― | ― | ― | 3.02% |
Drone Delivery Canada Corporate Events
Volatus Aerospace Inc. announced a ‘bought deal’ private placement agreement with Ventum Financial Corp., aiming to raise $4.2 million through the sale of 8,076,924 units. The proceeds will support the company’s expansion into the defense sector, increase drone system inventory to meet growing demand in the U.S., Canada, and internationally, and cover general corporate purposes. This strategic move is expected to bolster Volatus’s market positioning and operational capabilities, subject to necessary approvals.
Volatus Aerospace Inc. has secured a contract valued at approximately C$1M to deliver lightweight tactical intelligence, surveillance, and reconnaissance (ISR) drone systems to a NATO member country. This contract, expected to be fulfilled in August 2025, strengthens Volatus’ presence in the defense sector, supporting the growing NATO demand for scalable ISR capabilities. The drones are designed for short-range operations with advanced imaging sensors, enhancing tactical reconnaissance and situational awareness in dynamic environments.
Volatus Aerospace Inc. has launched the Condor XL heavy-lift drone program, leveraging its extensive helicopter operations experience and avionics capabilities to meet the growing global demand for autonomous heavy-lift drone solutions. This initiative aligns with Canada’s national defense and manufacturing goals, supporting domestic aerospace innovation and infrastructure resilience. The Condor XL, capable of carrying up to 180kg over 200 km, positions Volatus as a leader in next-generation drone logistics, with flight testing set to begin this fall and operational deployments planned for 2026. The program is expected to contribute significantly to Canada’s defense readiness and supply chain modernization.
Volatus Aerospace Inc. has successfully closed a fully subscribed non-brokered LIFE private placement, raising approximately $10 million through the issuance of 19,230,770 units. The funds will be used to expand into the defense sector, increase drone system inventory to meet growing demand in the U.S., Canada, and internationally, and for general working capital. This strategic move positions Volatus to strengthen its market presence and operational capabilities in the aerial solutions industry.
Volatus Aerospace Inc. announced a non-brokered private placement offering of up to $10 million to expand its defense business segment and increase inventory of drone systems to meet growing demand in the United States, Canada, and internationally. The financing is expected to close around July 16, 2025, and will support the company’s strategic growth and operational capabilities, potentially strengthening its market position and offering new opportunities for stakeholders.
Volatus Aerospace Inc. is offering up to 19,230,770 units, each consisting of one common voting share and a half warrant, at a subscription price of $0.52 per unit. This offering aims to raise approximately $10 million, with the units being listed on the TSX Venture Exchange, OTCQX, and Frankfurt Stock Exchange. The offering is expected to close by July 16, 2025, and provides an opportunity for investors to acquire shares and warrants in a company with a focus on aerospace technology.
Volatus Aerospace Inc. has successfully delivered a fleet of tactical intelligence, surveillance, and reconnaissance (ISR) drone systems valued at approximately C$1.85 million to a NATO member country. This delivery highlights Volatus’ expanding role in defense support and aligns with increasing NATO investments in cost-effective ISR platforms, enhancing the company’s position in the defense sector and its pursuit of opportunities with allied governments.
Volatus Aerospace Corp. has secured a $560,000 CAD contract to provide advanced drone operations and sensor payload training to a NATO member country, reinforcing its position as a trusted provider of mission-critical capabilities for government programs. This contract underscores the growing demand for Volatus’ expertise in remotely piloted aircraft systems and highlights its strategic value in enhancing operational readiness for Canada and its international partners, supporting workforce development across North America and Europe through its Volatus Academy.
Volatus Aerospace Inc. supports Canada’s commitment to increasing defense spending and aligning with NATO’s new targets, which is expected to enhance national sovereignty and allied readiness. The company’s capabilities in ISR, remote operations, and advanced training are well-positioned to contribute to Canada’s updated defense strategy, including NORAD modernization and Arctic sovereignty. Volatus is actively engaging with federal agencies and allied stakeholders to support these initiatives, aiming to provide scalable, responsive aerial solutions that align with national defense and security priorities.
Volatus Aerospace Inc. has successfully closed its upsized and fully subscribed non-brokered LIFE private placement, raising $5 million by issuing 25 million units at $0.20 per unit. The proceeds will be used for global market expansion, investment in Arctic and remote operations infrastructure, and general corporate purposes, subject to final approval from the TSX Venture Exchange.
Volatus Aerospace has secured a national contract to provide data-driven crop intelligence through advanced drone operations across Canada, positioning itself at the forefront of precision agriculture. This initiative not only strengthens Volatus’ commercial portfolio but also highlights its capability to execute large-scale, time-sensitive projects, showcasing the company’s commitment to innovation in smart agriculture and its potential impact on sustainable food production.
Volatus Aerospace has announced a strategic collaboration with J.D. Irving, Limited to enhance tree planting operations in New Brunswick using advanced drone technology. This initiative aims to improve efficiency and environmental impact by utilizing heavy-lift drones for seedling delivery in remote areas, reflecting JDI’s commitment to sustainable forest management. The collaboration positions drone logistics as a key player in the growing global tree planting market, which is expected to expand significantly by 2031. This partnership not only supports JDI’s reforestation efforts but also highlights Volatus’ role in advancing innovative aerial solutions, potentially influencing broader adoption of drone-based methods in forestry.
Volatus Aerospace Inc. has announced an increase in its non-brokered listed issuer financing exemption private placement to $5,000,000 due to strong investor demand. The proceeds from this financing will be used for global market expansion, investment in Arctic and remote operations infrastructure, and general corporate purposes. The company anticipates growth opportunities arising from Canadian government policy changes and financial commitments to Ukraine, which could enhance its market positioning and operational capabilities.
Volatus Aerospace Inc. has announced a $4,000,000 non-brokered private placement to expand its global market presence and enhance its drone system inventory. This financing aligns with policy signals from the Canadian government regarding defense spending and domestic drone capabilities, presenting growth opportunities for Volatus in response to changing regulatory and geopolitical environments.
Volatus Aerospace Inc. has secured a $3 million financing from Investissement Québec, increasing the total investment to $10.5 million. This funding will support the company’s growth in key sectors and help achieve near-term profitability goals. The financing arrangement includes a convertible debenture with a five-year term, offering financial flexibility for inventory, capital expenditures, and other corporate purposes. Additionally, Volatus completed a shares-for-debt transaction, issuing 3,720,000 units to settle $446,400 in debt, and granted 2,900,000 restricted share units to employees to align incentives with shareholder value.
Volatus Aerospace Inc. reported Q1 2025 financial results with revenues of $5.7 million and a 30% improvement in adjusted EBITDA compared to the previous year. Despite a slight revenue decline due to strategic repositioning and macroeconomic factors, the company strengthened its balance sheet through equity issuance and shares-for-debt transactions. Operationally, Volatus made significant regulatory advancements, secured key partnerships, and expanded its drone operating authorities, positioning itself for scalable, high-value aerial operations. These efforts are aimed at navigating geopolitical challenges and enhancing operational efficiency, with a focus on converting a growing sales pipeline into realized revenue.
Volatus Aerospace has received expanded nationwide Special Flight Operations Certificates from Transport Canada, allowing for broader and more flexible commercial drone operations. This regulatory advancement enables Volatus to conduct beyond visual line-of-sight operations across Canada, including in restricted airspace and during night, enhancing their capabilities in sectors such as energy, telecommunications, and public safety, and supporting operations like wildfire response and high-altitude missions.
Volatus Aerospace Inc. has announced a shares-for-debt transaction to enhance shareholder value and strengthen its balance sheet. The agreement involves settling $446,400 of outstanding principal and interest by issuing 3,720,000 units, each comprising a common share and a warrant, subject to TSX Venture Exchange approval. This move is expected to improve the company’s financial standing and potentially impact its market positioning positively.
Volatus Aerospace Inc. has completed a shares-for-debt transaction, issuing over 20 million common shares and 17.6 million warrants to settle a debt of over $3 million. This strategic move, pending final approval from the TSX Venture Exchange, is expected to strengthen the company’s financial position and enhance its market operations, reflecting a proactive approach to managing its financial obligations.