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Volatus Aerospace
(FLT)
Volatus Aerospace (FLT) vs. iShares MSCI Canada ETF (EWC)
Volatus Aerospace Business Overview & Revenue Model
Volatus Aerospace Earnings Call Summary
Volatus Aerospace Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.69M | 27.15M | 34.87M | 29.77M | 9.91M | 265.26K |
| Gross Profit | 6.67M | 9.56M | 11.14M | 8.35M | 2.53M | 4.32K |
| EBITDA | -4.61M | -5.91M | -4.46M | -3.03M | -2.87M | 1.26M |
| Net Income | -14.77M | -13.14M | -9.46M | -4.62M | -3.68M | 440.10K |
Balance Sheet | ||||||
| Total Assets | 72.59M | 57.80M | 26.88M | 19.75M | 32.96M | 29.37M |
| Cash, Cash Equivalents and Short-Term Investments | 17.83M | 1.56M | 1.68M | 15.30M | 27.67M | 23.46M |
| Total Debt | 22.52M | 24.07M | 18.73M | 220.01K | 410.60K | 484.14K |
| Total Liabilities | 26.80M | 31.47M | 24.34M | 1.23M | 2.20M | 2.27M |
| Stockholders Equity | 47.08M | 27.28M | 3.31M | 18.52M | 30.76M | 27.10M |
Cash Flow | ||||||
| Free Cash Flow | -23.44M | -13.88M | -3.39M | -12.12M | -12.57M | -9.01M |
| Operating Cash Flow | -21.57M | -12.43M | -1.65M | -11.94M | -11.89M | -8.35M |
| Investing Cash Flow | -1.17M | -664.71K | -2.03M | -176.99K | -687.37K | -658.24K |
| Financing Cash Flow | 40.13M | 13.40M | 1.68M | -256.06K | 16.78M | 22.70M |
Volatus Aerospace Technical Analysis
Volatus Aerospace Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $256.51M | -7.93 | -34.34% | ― | -23.85% | 35.05% | |
50 Neutral | C$27.20M | -13.99 | -72.87% | ― | -5.76% | 43.07% | |
49 Neutral | C$61.56M | -2.34 | -147.54% | ― | -34.80% | -28.42% | |
45 Neutral | C$386.76M | -16.15 | -45.72% | ― | 378.71% | 27.52% | |
27 Underperform | C$731.39K | -2.84 | ― | ― | ― | 15.67% |
Volatus Aerospace Corporate Events
Volatus Aerospace has appointed Lieutenant-General (Ret’d) Christopher J. Coates to its Board of Advisors, enhancing its defense expertise as it aims to support the Canadian Armed Forces, NORAD modernization, and allied defense partners with Canadian-made uncrewed aerial systems. Coates, a respected leader in defense and security, brings extensive experience from his military career and will provide strategic guidance on defense procurement and emerging capability requirements, strengthening Volatus’ long-term strategic direction in defense and sovereign capability.
Volatus Aerospace Inc. announced record financial results for Q3 2025, with a 60% increase in quarterly revenue year-over-year, driven by strong equipment sales in the defense sector. The company improved its liquidity position significantly and achieved operational milestones, including new defense deployments and strategic partnerships, which bolster its market position and support future growth in defense and industrial sectors.
Volatus Aerospace Inc. has successfully closed a $26,391,500 financing round through a public offering and private placement. The funds will be used to develop the Mirabel Manufacturing Hub, advance drone technologies for the defense sector, pursue potential acquisitions, and cover capital expenditures and general corporate purposes. This strategic move is expected to bolster Volatus’s position in the aerospace industry and enhance its capabilities in providing advanced aerial solutions.
Volatus Aerospace Inc. has announced the filing of a final short form prospectus in connection with its bought deal public offering, which involves the distribution of over 33 million common voting shares at $0.60 per share, aiming to raise gross proceeds of $20,010,000. This offering, expected to close on November 26, 2025, is contingent upon receiving necessary approvals, including from the TSX Venture Exchange, and marks a significant step in Volatus’s financial strategy, potentially enhancing its market position and providing capital for future growth initiatives.
Volatus Aerospace Inc., a company engaged in aerospace and defense manufacturing, has announced a non-brokered private placement of up to $4.66 million, bringing its total financing to over $24.6 million. This financing will support the development of its Mirabel Manufacturing Hub, research and development of drone technologies, and potential acquisitions related to the defense sector. Additionally, Volatus has completed the acquisition of advanced RPAS technologies from Caliburn Holdings LLP, enhancing its capabilities in manufacturing long-endurance, fixed-wing uncrewed aircraft systems for defense and public security sectors.
Volatus Aerospace Inc. has announced a $20 million bought deal public offering, with Stifel Nicolaus Canada Inc. acting as the lead underwriter. The proceeds from this offering will be used for the development of the Mirabel Manufacturing Hub, drone technology research for the defense sector, potential defense-related acquisitions, and general corporate purposes. This move is expected to enhance Volatus’s operational capabilities and strengthen its position in the aerospace industry, particularly in defense-related applications.
Volatus Aerospace Inc. announced a restatement of its Q2 2025 financial results due to a one-time non-cash accounting adjustment related to restructuring its balance sheet. This adjustment, amounting to $2,231,202, does not affect the company’s revenue, gross margin, or cash position, reflecting the company’s commitment to transparency and sustainable growth. The restatement aims to strengthen the company’s financial position without impacting its operational metrics, highlighting its focus on maintaining robust corporate governance.
Volatus Aerospace has acquired advanced RPAS technologies from Caliburn Holdings, enhancing Canada’s sovereign aerospace capabilities and supporting allied defense requirements. This acquisition includes scalable UAS platforms with long-endurance capabilities, which will be manufactured at Volatus’s new Mirabel facility, aligning with national defense priorities and expanding domestic manufacturing capacity.
Volatus Aerospace Inc. announced plans to establish the Volatus Mirabel Innovation Centre and Drone Manufacturing Hub at Montréal–Mirabel International Airport. This initiative will enhance Canada’s defence readiness and support NATO allies by expanding sovereign drone capacity. The facility, supported by Aéroports de Montréal, will enable serial production of Canadian-built drones to meet domestic defence and allied market needs. This move aligns with Canada’s recent priorities to strengthen domestic defence capabilities and secure supply chains, signaling a growing demand for Canadian-made drone solutions.
Volatus Aerospace Inc. has announced its participation in the 2025 Maxim Growth Summit, an event that gathers industry leaders and innovators to discuss the latest trends and advancements across various sectors. The participation of Volatus, represented by CEO Glen Lynch and CFO Abhinav Singhvi, in one-on-one meetings with institutional investors and senior Maxim analysts, underscores the company’s strategic efforts to strengthen its industry positioning and engage with key stakeholders in the aerial intelligence and unmanned aircraft systems market.
Volatus Aerospace has partnered with ARCO Worldwide Services to deliver professional drone training programs in Nigeria through ARCO Aviation Academy. This collaboration aims to align Nigeria’s drone pilot training with international standards and enhance the country’s position in the West African drone industry by empowering a new generation of certified drone professionals.
Volatus Aerospace Inc. announced its participation in the 2025 Cantech Letter Investment Conference in Toronto, where CEO Glen Lynch and CFO Abhinav Singhvi will present to investors and engage in one-on-one meetings. The company was recently recognized as the ‘Top Growth Story’ at the Peterson Capital Canada Growth Conference in Dublin, enhancing its visibility among international investors. Additionally, Volatus has increased its stake in Synergy Aviation Ltd. to 58.47%, further solidifying its position in the industry.
Volatus Aerospace and VoltaXplore have signed a Letter of Intent for the supply of Canadian-made lithium-ion battery cells to power Volatus’ next-generation drones. This strategic partnership enhances Volatus’ product differentiation and supply chain security while supporting VoltaXplore’s entry into the aerospace market. The collaboration aligns with Canada’s focus on building domestic industrial capabilities, fostering innovation, and creating skilled jobs, thereby strengthening the national defense industrial base.
Volatus Aerospace Inc. has expanded its NATO ISR drone contract by C$700,000, bringing the total value to approximately C$1.7 million. Deliveries of the drone systems have commenced and are expected to be completed by September 2025. This contract expansion underscores the customer’s confidence in Volatus’ ability to provide mission-critical ISR solutions and solidifies the company’s position as a trusted defense partner, meeting the growing demand for scalable and cost-effective ISR capabilities among NATO member states.
Volatus Aerospace has secured a multi-year agreement with a major North American power utility to provide drone-based inspection, mapping, and data services for 100,000 miles of transmission and distribution lines. This contract positions Volatus to expand its presence in the utility inspection market, potentially generating CAD $15 million in revenue and reflecting the growing role of drones in utility asset management.