ZenaTech, Inc. Stock Price, News & Analysis

ZenaTech (Nasdaq: ZENA) has announced plans to pursue multiple acquisitions to launch its Drone-as-a-Service (DaaS) operations. The company has identified approximately 20 target companies, with several in negotiation stages. The DaaS model will allow business customers to access drone solutions on a pay-as-you-go basis, integrating ZenaDrone's AI technology for applications in farming, oil and gas, environmental monitoring, and government operations. Financing for these acquisitions has been secured from existing shareholders. The strategy aims to significantly increase company revenue through both organic growth and acquisitions while expanding their DaaS business globally.

ZenaTech (NASDAQ: ZENA) reported a 15% revenue increase of $166,886 for Q3 2024 compared to 2023. Key developments include: FAA approval for ZenaDrone 1000 commercial use, launch of the IQ Nano indoor autonomous AI drone with first multinational customer trial, acquisition of four software companies (Jadian, DeskFlex, Interactive Systems, and InterlinkONE), and acquisition of a U.S. Design Patent for drone technology. The company is establishing a sensors manufacturing facility in Taiwan through Spider Vision Sensors and has cross-listed on Frankfurt Stock Exchange (FSE: 49Q).

ZenaTech (NASDAQ: ZENA) has agreed to acquire Ecker Capital , which owns warehouse management software companies InterlinkONE and Interactive Systems, from Ameritek Ventures. The acquisition aims to integrate these software capabilities with ZenaTech's ZenaDrone IQ Nano AI drone solution for autonomous inventory management. The acquired companies generated combined operating income of $354K on revenue of $678K in the first nine months of 2024, and $386K on revenue of $949K in FY 2023. The integration will enable warehouse customers to perform hourly inventory assessments instead of quarterly, potentially saving millions in inventory costs for multi-warehouse facilities.

ZenaTech (NASDAQ: ZENA) has agreed to acquire Ecker Capital , which owns warehouse management software companies InterlinkONE Inc. and Interactive Systems Inc., from Ameritek Ventures Inc. The acquisition aims to integrate warehouse management capabilities with ZenaTech's ZenaDrone IQ Nano AI drone solution for autonomous inventory management. The acquired companies generated combined operating income of $354M on revenue of $678K in the first nine months of 2024, and $386M on revenue of $949K for FY 2023. The integration will enable cost-effective hourly inventory assessment, potentially saving millions for multi-warehouse facilities.

ZenaTech (NASDAQ: ZENA) announces participation in a Taiwan Trade Mission to establish its first Asian office through Spider Vision Sensors subsidiary. The new facility will manufacture drone sensors and components for integration with ZenaDrone AI drones, complementing existing facilities in UAE and planned operations in Phoenix, Arizona. The Taiwan expansion aims to ensure NDAA compliance and achieve approved supplier status for US military sales by sourcing components from US-friendly countries. Spider Vision Sensors will produce various drone components including LiDAR, thermal sensors, cameras, and PCBs, leveraging Taiwan's electronics expertise and cost-effective manufacturing capabilities.

ZenaTech (Nasdaq: ZENA) (FSE: 49Q), an AI drone and enterprise SaaS solutions provider, has announced its cross-listing on the Frankfurt Stock Exchange under the symbol '49Q' as of October 31, 2024. The company aims to expand its European investor base and increase liquidity through this listing on the FSE, which is Germany's largest exchange and Europe's third-largest by market capitalization. The strategic move aligns with ZenaTech's existing presence in Germany and its growing European operations in SaaS software and AI drone business.

ZenaTech (Nasdaq: ZENA) announced that its subsidiary, ZenaDrone, has completed the first phase of drone testing and 3D mapping for a multinational auto parts manufacturer's inventory management trial. The company's IQ Nano drone will begin production phase flights for automated barcode reading and inventory system integration. The testing was conducted at ZenaDrone's UAE facility, followed by 3D warehouse mapping at the customer's site. The IQ Nano, a 10x10-inch autonomous drone, features 20-minute flight time, obstacle avoidance, and integrated sensors for warehouse operations.

ZenaTech (Nasdaq: ZENA) announced the establishment of Spider Vision Sensors in Taiwan to manufacture drone sensors and components for its subsidiary ZenaDrone. This strategic move aims to ensure compliance with the US National Defense Authorization Act (NDAA), positioning the company to secure more US Military contracts. The facility will produce various sensors including LiDAR, thermal, infrared, and components for drone production at their UAE and future Arizona facilities. Taiwan was chosen for its electronics expertise and cost-effective alternatives to Chinese components. The manufacturing facility is expected to open in November, supporting the company's goals to achieve Green UAS and Blue UAS certifications as an approved supplier.

ZenaTech (Nasdaq: ZENA) has announced several key promotions within its management team across its ZenaDrone and enterprise SaaS divisions. The company has promoted Philander Franklin to VP of Business Development for Americas, Simon Henry to VP of Business Development for EMEA, Steve Rhode to Director of Software Sales and Customer Support, and Lindsey Bartholomew to Director of Administration. These promotions aim to strengthen the company's position in AI drone solutions and enterprise SaaS markets, with a focus on expanding operations in North America, Ireland, and the EMEA region.