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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 | EBIT |
| -10.89M | -9.06M | -7.20M | -2.04M | -59.00K | EBITDA |
| -5.91M | -4.46M | -3.03M | -2.87M | 435.79K | Net Income Common Stockholders |
| -13.14M | -9.46M | -4.62M | -3.68M | 440.10K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.56M | 1.68M | 15.30M | 27.67M | 23.46M | Total Assets |
| 57.80M | 26.88M | 19.75M | 32.96M | 29.37M | Total Debt |
| 24.07M | 18.73M | 220.01K | 410.60K | 484.14K | Net Debt |
| 22.51M | 17.05M | -15.08M | -27.26M | -22.98M | 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $11.97B | 10.29 | -7.47% | 2.99% | 7.32% | -8.06% | |
54 Neutral | $104.55M | ― | -91.72% | ― | 2396.22% | -6.34% | |
54 Neutral | C$49.90M | 12.68 | 679.89% | ― | -10.35% | ― | |
49 Neutral | C$61.56M | ― | -90.88% | ― | 349.56% | -928.83% | |
27 Underperform | C$1.52M | ― | ― | ― | 15.84% | ||
| $104.85M | ― | -46.45% | ― | ― | ― | ||
| C$50.48M | ― | -52.25% | ― | ― | ― |
Drone Delivery Canada Corporate Events
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.
Volatus Aerospace Inc. has successfully closed its upsized and fully subscribed non-brokered LIFE private placement, raising $3,000,000 through the issuance of 25,000,000 units at $0.12 per unit. The proceeds will be used for capital expenditures, inventory, and general corporate purposes, and the offering is pending final approval from the TSX Venture Exchange. Additionally, Volatus has granted 1,500,000 restricted share units to consultants under its RSU plan, reflecting its strategic efforts to strengthen its financial position and operational capabilities.
Volatus Aerospace Inc. announced its financial results for FY 2024, reporting total revenue of $27.1 million, with a 16% growth in services and technology revenue. The company achieved a record gross margin of 38% in Q4 2024 and realized significant cost synergies from its merger with Drone Delivery Canada. The financial results reflect a strategic focus on higher-margin services and technology, leading to improved profitability and a strengthened balance sheet through a debt-to-equity conversion. The company also announced several strategic partnerships and expansions, including a renewed U.S. power utility inspection program and new solutions in drone delivery and surveillance, positioning itself strongly in the aerial solutions market.
Volatus Aerospace Inc. has increased its non-brokered LIFE private placement offering to $3,000,000 due to strong investor demand. The proceeds will be used for capital expenditures, inventory, and general corporate purposes, potentially impacting the company’s operational capabilities and market positioning positively.
Volatus Aerospace Inc. announced a non-brokered private placement to raise up to $2,000,000 through the issuance of 16,666,667 units at $0.12 per unit. The proceeds will be used for capital expenditures, inventory, and general corporate purposes. The financing is expected to close by May 9, 2025, subject to customary conditions and approvals. This move is likely to strengthen Volatus’s financial position and support its strategic initiatives in the aerial solutions industry.
Volatus Aerospace successfully completed a demonstration order for a G-20 nation’s defense organization, showcasing advanced drone systems for critical defense missions. This achievement positions Volatus as a potential partner for follow-on contracts valued up to USD $8 million, marking a pivotal step in its evolution from a commercial UAV leader to a trusted defense partner, amidst rising global demand for unmanned systems.
Volatus Aerospace has received approval from two major North American oil and gas companies to provide drone-based aerial services for critical energy infrastructure. This approval allows Volatus to perform a variety of services, including pipeline surveillance and leak detection, using remotely piloted aircraft systems. The integration of drone operations is expected to increase revenue in this segment by up to 20%, enhancing situational awareness and supporting rapid response and risk mitigation in the energy sector.
Volatus Aerospace Inc. has secured a one-year extension to its service agreement with the Canadian Government, allowing it to continue providing unmanned aerial vehicle (UAV) services until March 31, 2026. This extension coincides with the introduction of new Canadian Aviation Regulations for beyond visual line-of-sight (BVLOS) operations, which will enable Volatus to expand its service offerings and enhance its operational capabilities. The company’s comprehensive range of services, coupled with its Canada-wide nighttime BVLOS operation authority, positions it uniquely in the industry to meet the growing demand for security and infrastructure investment by the Canadian Government.
Volatus Aerospace Inc. has announced a shares-for-debt settlement to enhance shareholder value and strengthen its balance sheet. This financial restructuring involves converting $2,646,000 of outstanding debentures into common shares and warrants, providing the company with financial flexibility for sustainable growth.
Volatus Aerospace announced its participation in the AI & Technology Virtual Investor Conference on April 3rd, 2025, where CEO Glen Lynch will present the company’s strategic growth plans and recent partnerships aimed at advancing RPAS technologies. This event underscores Volatus’ commitment to enhancing operational efficiency and sustainability, potentially strengthening its market position and offering stakeholders insights into its future initiatives.
Volatus Aerospace has received approval from Transport Canada to conduct long-distance, remotely piloted drone operations at night across Canada. This approval allows for critical nighttime operations such as border surveillance, facility security, search and rescue, thermal detection for wildfires, and cargo delivery. The ability to operate drones at night marks a significant advancement for Volatus, enabling 24/7 operations and enhancing capabilities in sectors like border security and emergency services. This development positions Volatus as a leader in the drone industry, with plans to expand its operations further by securing additional approvals for various sectors.
Volatus Aerospace has announced a strategic partnership with Swiss-based RigiTech to integrate the Eiger long-range delivery drone into its network, enhancing its medical delivery capabilities. This collaboration allows Volatus to extend delivery distances, catering to remote and underserved locations, and strengthens its market position by leveraging RigiTech’s advanced drone technology.
Volatus Aerospace is hosting a webinar to discuss the impact of geopolitical shifts on its operations and strategic partnerships. The company is proactively addressing challenges from recent Canada-US trade policies by diversifying supply chains and strengthening international partnerships. These efforts aim to safeguard and expand their market presence, particularly in the US, while aligning with partners committed to innovation and regulatory compliance. The webinar will also highlight recent collaborations with Kongsberg Geospatial, Dufour, and Ondas Holdings, which are enhancing Volatus’ technological capabilities and market reach, positioning the company for robust growth and innovation in the RPAS market.