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Volatus Aerospace Corp - VLTTF STOCK NEWS

Welcome to our dedicated news page for Volatus Aerospace (Ticker: VLTTF), a resource for investors and traders seeking the latest updates and insights on Volatus Aerospace.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Volatus Aerospace's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Volatus Aerospace's position in the market.

News
Volatus Aerospace Receives FAA Approval for Commercial Agricultural Aircraft Operations with Drones
Rhea-AI Summary
Volatus Aerospace Corp. expands its service offering in agriculture and forestry into the U.S. by receiving authorization from the FAA for commercial agricultural aircraft operations using drones. The company can now operate heavy agricultural spray drones, generating increased revenues and offering precision spraying benefits to farmers. Volatus aligns its drone operations with commercial aircraft and helicopter operations to obtain special approvals, allowing for advanced drone technology use. The agricultural drone market is projected to grow significantly, presenting a lucrative opportunity for Volatus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.03%
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none
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News
Volatus Aerospace Completes the Acquisition of UAVHub and The Drone Mentor
Rhea-AI Summary
Volatus Aerospace Corp (TSXV:VOL)(OTCQB:VLTTF) expects to generate C$2M in revenue for 2024 with a 9% EBITDA. The company completed the acquisition of UK-based companies, Aerial Motion Pictures Ltd., dba UAVHub and Open Sky Consulting International Ltd., dba The Drone Mentor. The addition of these companies will standardize drone training across geographies, increase gross margins, and provide bundled solutions to clients, enhancing long-term relationships and customer stickiness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
acquisition
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News
Volatus Aerospace Strengthens Online Drone Training in the UK with Acquisition of UAVHub and The Drone Mentor
Rhea-AI Summary
Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) expects 2024 revenue of C$2M with 9% EBITDA. The company announced the acquisition of two UK-based companies, UAVHub and The Drone Mentor, to expand its aerial intelligence offerings. UAVHub provides UK Civil Aviation Authority approved online training, while The Drone Mentor offers non-regulatory training and support for the uncrewed sector, focusing on personal, professional, and business development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
acquisition
News
Volatus Announces Revenue Growth, Increased Gross Margins and Cost reductions in Q3 2023
Rhea-AI Summary
Volatus Aerospace Corp. (VOL)(VLTTF) announced Q3 2023 revenue of $8.27M with a 36% gross margin and adjusted EBITDA improvement of $961,874. Service revenue increased by 349% to $4,991,856. The company has an estimated unfulfilled demand exceeding $10M in equipment sales due to working capital constraints. Available working capital as of Sept 30, 2023, was $4,687,918. The company recorded a comprehensive loss of ($1,920,403) in Q3 2023, with a reduction in losses quarter over quarter. The company has an estimated order book of $80M and management expects to generate $10M in revenue in Q1 2024, representing a growth of 35% compared to Q1 2023. The company completed a cost optimization program in Q3 2023 and has confirmed annualized cost savings of $3M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.33%
Tags
earnings
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News
Volatus Aerospace Delivers $1.6M of Surveillance Drones to a Canadian Defense Contractor
Rhea-AI Summary
Volatus Aerospace Corp. has announced the sale and delivery of C$1.6M worth of surveillance drones to a Canadian Defence Contractor. The company plays a crucial role in providing equipment, training, and turnkey services for search and rescue operations, public safety, and defense. This sale further solidifies Volatus as a reliable supplier to the civil, public safety, and defense sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
Tags
none
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News
Volatus Expands Power Utility Drone Inspections with New Multi-Year Contract of up to $60M
Rhea-AI Summary
Volatus Aerospace Corp. has secured a three-year contract with a major U.S. Power Utility to provide drone inspection services and reporting on their Transmission and Distribution towers. The contract has a potential value of up to $60M and will expand Volatus' T&D inspection activities in the US. Volatus will collect and process drone data and perform analytic reporting services. The expected margins align with past performance in this segment. Volatus plans to inspect over 10,000 T&D structures in 2023 and anticipates inspecting upward of 25,000 structures in North America in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.75%
Tags
none
News
Volatus Aerospace Partners with Flyscan Systems to Automate the Next Generation of Aerial Pipeline Surveillance for Its Oil and Gas Clients
Rhea-AI Summary
Volatus Aerospace Corp. and Flyscan Systems have entered into a services agreement to automate airborne inspection services of critical pipeline infrastructure. Flyscan's sensor pod and software enable automated gas leak detection, threat detection, and vegetation management. This partnership enhances Volatus' capabilities and provides more accurate data to clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.5%
Tags
partnership
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News
Volatus Aerospace to Expand into US Oil and Gas Pipeline Surveillance Market
Rhea-AI Summary
Volatus Aerospace Corp. expands into the US oil and gas pipeline surveillance operations with an initial contract, expecting to generate up to CAD $4 million in revenue in 2024 with a 10% EBITDA margin. The US has approximately 5X the size of oil and gas pipeline compared to Canada. Volatus has a competitive advantage through its proprietary software and partnerships with advanced sensor and AI companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
Volatus Announces 31% Revenue Growth & 34% Gross Margins in Q2 2023
Rhea-AI Summary
Volatus Aerospace Corp. reports record Q2 revenues and increased gross margins
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
earnings
News
Volatus Aerospace Corp. Announces Distributorship Agreement with US Drone Manufacturer Inspired Flight
Rhea-AI Summary
Volatus Aerospace Corp. has signed a reseller agreement with Inspired Flight, a US-based NDAA-compliant drone manufacturer, to provide off-the-shelf blue sUAS qualified equipment. The agreement aims to meet client demands for reliable drones for infrastructure inspection. Volatus granted 3,057,500 stock options to 51 managers and employees, with an exercise price of $0.23 and vesting over four years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Volatus Aerospace Corp

OTC:VLTTF

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VLTTF Stock Data

12.84M
47.14M
61.65%
0.11%
Scheduled Passenger Air Transportation
Transportation and Warehousing
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Canada
Oro-Medonte