ZenaTech, Inc. Stock Price, News & Analysis

ZenaTech (NASDAQ: ZENA) announces expansion of its US-based manufacturing operations through its ZenaDrone subsidiary in Phoenix, Arizona. The company will add up to 2,000 square feet of production space to manufacture drones for US commercial customers and defense solutions, responding to recent expanded tariffs without increasing prices.

The expansion is expected to create over 150 new jobs by the end of 2026. ZenaDrone currently operates a 10,000-square-foot facility in Sharjah, UAE, and plans to achieve NDAA compliance through its Taiwan-based Spider Vision Sensors company. The company has completed paid trials with the US Air Force and Navy Reserve, focusing on logistics and transportation applications.

ZenaDrone is pursuing Green UAS certification as a stepping stone to Blue UAS certification, which would enable direct sales to the Department of Defense. The company is targeting the military drone market, estimated at $14 billion in 2023 and projected to reach $47 billion by 2032, focusing on Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT) and logistics segments.

ZenaTech (NASDAQ: ZENA) has completed the acquisition of Wallace Surveying in West Palm Beach, Florida, marking its second Southeast region acquisition and third US acquisition overall. This strategic move advances ZenaTech's national roll-up strategy to revolutionize the land survey industry through drone technology.

The acquisition strengthens ZenaTech's Drone as a Service (DaaS) business, incorporating the ZenaDrone 1000 and IQ series for various applications including power line inspections, precision agriculture, law enforcement, and disaster response. Wallace brings 30 years of experience in construction and land development surveys.

ZenaTech's DaaS model operates on a subscription or pay-per-use basis, offering customers reduced upfront costs and maintenance-free access to advanced drone technology. The global drone surveying market is projected to reach $8 billion by 2030, growing at a CAGR of 15-20%, driven by demand from construction, agriculture, and infrastructure sectors.

ZenaTech (NASDAQ: ZENA) reported its 2024 financial results, showing a 7% revenue increase to $1.96 million CAD compared to $1.82 million in 2023. The company's assets grew by 110% to $34.6 million, primarily due to patent acquisitions and software company purchases. However, comprehensive losses widened to $4.04 million from $0.251 million, attributed to one-time Nasdaq listing costs.

The company maintains a healthy debt-to-capitalization ratio of 31% and reports sufficient cash for the next 12 months of operations. ZenaTech has expanded its operations through seven global offices and launched new drone products, including the IQ Nano for warehouse inventory management and the IQ Square for land surveys. The company is pursuing a Drone as a Service (DaaS) business model and has announced multiple Letters of Intent for acquisitions, particularly in the land survey industry.

Notable developments include establishing Spider Vision Sensors in Taiwan for military-compliant drone components and expanding the team with 35 new hires. The company has also listed on additional exchanges including Frankfurt Stock Exchange and Mexican Stock Exchange.

ZenaTech (NASDAQ: ZENA) has signed a Letter of Intent to acquire its eighth land survey company, marking its second acquisition in Arizona. This strategic move aims to expand the company's Drone as a Service (DaaS) presence in the Southwest region.

The acquisition aligns with ZenaTech's national DaaS business model, offering AI drone solutions through subscription or pay-per-use models. The company is targeting the US drone survey market, projected to reach $2.5 billion by 2033. The global market is expected to grow to $8 billion by 2033, with North America representing 35% and maintaining a 19% CAGR.

Land surveys constitute 53% of the drone surveying market, with applications in real estate, urban planning, and infrastructure projects. The DaaS model eliminates the need for customers to purchase and maintain drones while providing access to advanced technology and applications. ZenaTech's drone solutions utilize sensors, cameras, LiDAR, and GPS systems to conduct land surveys significantly faster than traditional methods.

ZenaTech (NASDAQ: ZENA) announces the development of a drone swarm application using multiple indoor IQ Nano drones for inventory management and security applications. The project is being conducted with an auto parts manufacturer during a paid trial.

The ZenaDrone IQ Nano, available in 10x10 and 20x20-inch sizes, is designed for autonomous operations including barcode scanning, RFID reading, facility inspections, and security monitoring. Key features include:

• 1.5kg weight with 20-minute flight time
• Automatic battery recharging station
• Integrated sensors and high-quality cameras
• AI-driven data collection and analysis
• Obstacle avoidance capabilities

The drone swarm technology aims to enhance warehouse efficiency through autonomous coordination of multiple drones, enabling real-time inventory tracking, rapid tag scanning, and comprehensive security surveillance. This system promises to reduce manual processes, improve accuracy, and provide 24/7 monitoring capabilities.

ZenaTech (NASDAQ: ZENA) has signed its seventh Letter of Intent (LOI) to acquire a land survey company in Florida, marking its fourth LOI in the Southeast region. This acquisition would be the company's second closed deal in the Southeast, supporting its Drone as a Service (DaaS) business model.

The company's DaaS strategy offers drone solutions on a subscription or pay-per-use basis, targeting commercial and government customers. Florida was chosen for its year-round flying conditions, favorable innovation environment, and existing government drone applications in public safety, disaster response, and transportation monitoring.

The service enables customers like government agencies, real estate developers, construction firms, and farmers to access advanced drone technology without purchasing or maintaining equipment. ZenaTech's drone solutions utilize sensors, cameras, LiDAR, and GPS systems to conduct land surveys more efficiently than traditional methods.

According to Fact.MR, the global drone surveying market is projected to reach USD $8 billion by 2030, growing at a CAGR of 15-20%, driven by demand from construction, agriculture, and infrastructure sectors.

ZenaTech (NASDAQ: ZENA) has completed the acquisition of London-based Othership , a workplace scheduling software company. The strategic move aims to leverage quantum computing technology to enhance workplace scheduling solutions for multinational corporations.

Othership, established in 2018, specializes in providing workplace management solutions for remote-first businesses. The acquisition aligns with ZenaTech's expansion into quantum computing applications across AI drone and enterprise SaaS sectors. The global workspace management software market is projected to grow at a 13% CAGR, potentially reaching $2 billion by 2032.

CEO Shaun Passley emphasized that quantum computing will enable processing of complex variables in workforce management, including global work demand, employee skills, workspace configuration, and regulations. The company plans to invest in specialized talent and establish partnerships with academic and industry leaders. This initiative follows ZenaTech's previous quantum computing venture, the Sky Traffic project, focusing on AI drones and enterprise solutions for traffic management and security applications.

ZenaTech (NASDAQ: ZENA) announces a significant expansion of its ZenaDrone team, adding 35 new engineers and technicians to support drone production manufacturing capacity. The expansion includes 15 current hires and 20 more expected within two months.

The manufacturing will take place at the company's 10,000-foot facility in Sharjah, UAE, handling prototype development, assembly, flight testing, and quality control. The new team includes specialists in mechanical, avionic, electrical, and electronics engineering.

The company's product line includes:

• ZenaDrone 1000: An autonomous military-grade drone with heavy lift capabilities, previously tested by US Air Force and Navy Reserve
• ZenaDrone IQ Square: A commercial outdoor drone with 20-minute flight time and 7kg payload capacity
• ZenaDrone IQ Nano: An indoor inspection drone available in 10x10-inch or 20x20-inch models, featuring 20-minute flight time

ZenaTech (Nasdaq: ZENA) has signed a Letter of Intent to acquire its sixth land survey engineering company in Arizona, marking its first acquisition in the Southwest Region. This strategic move aims to expand the company's Drone as a Service (DaaS) business model in the region, leveraging its existing presence in Phoenix.

The DaaS model offers drone technology solutions on a subscription or pay-per-use basis, enabling businesses and government customers to access advanced drone capabilities without purchasing or maintaining equipment. Applications include surveying, inspections, security, law enforcement, and precision agriculture.

The acquisition aligns with ZenaTech's focus on revolutionizing land surveys through remotely piloted drones equipped with sensors, cameras, LiDAR, and GPS systems. These technologies can complete aerial data collection in hours compared to traditional methods that take weeks or months.

According to Fact.MR, the global drone surveying market is projected to reach USD $8 billion by 2030, growing at a CAGR of 15-20%. The growth is driven by increasing demand from construction, agriculture, and infrastructure development sectors.