ZenaTech, Inc. Stock Price, News & Analysis

ZenaTech (NASDAQ: ZENA) has made an offer to acquire a Florida-based land survey engineering firm, marking its fourth acquisition in the Southeast region and fifth nationally. This strategic move aims to enhance the company's Drone as a Service (DaaS) presence in Florida's high-growth market. The acquisition would complement ZenaTech's recent land survey company purchase, enabling faster and more precise drone-powered surveys for construction, real estate, and government customers.

The company is capitalizing on the global drone survey market's 19% annual growth by offering subscription-based drone services. ZenaTech's DaaS model eliminates the need for customers to purchase and maintain expensive drone hardware, providing cost-effective solutions for tasks like surveying, inspections, security, and precision agriculture.

ZenaTech (NASDAQ: ZENA) reported strong Q1 2025 financial results, with total revenues reaching $1.13 million, a 92% increase from Q1 2024's $591,379. The growth was driven by acquisitions and organic expansion across software and drone segments. The company launched its Drone as a Service (DaaS) segment through acquisitions of Weddle Surveying and KJM Land Surveying, while signing five additional LOIs.

The company acquired Othership, a UK workplace management software firm, to enhance its enterprise SaaS segment. However, general and administrative expenses increased significantly to $5.75 million in Q1 2025 from $0.7 million in Q1 2024 due to investments in growth initiatives. ZenaTech expanded its UAE manufacturing capabilities, opened a drone testing facility in Turkey, and advanced development of its ZenaDrone 1000 and IQ Square drones while pursuing US Military certifications.

ZenaTech (NASDAQ: ZENA) is expanding its UAE presence by opening a new office in Dubai to offer drone-powered building exterior cleaning services. The company will deploy its IQ Square drone, which features AI capabilities and can carry up to 7kg payload with 20-minute flight time. The expansion includes hiring two business development managers and four drone pilots, with drones supplied from its Sharjah manufacturing hub.

The company is targeting Dubai's dense skyscraper market, with over 250 buildings exceeding 150 meters, where frequent sandstorms necessitate regular cleaning. This expansion taps into the global drone cleaning services market, projected to grow from $4.36 billion in 2023 to $13.2 billion by 2030, at a 17% CAGR. ZenaTech's DaaS business model operates on a subscription or pay-per-use basis, eliminating the need for customers to manage drone operations, maintenance, or regulatory approvals.

ZenaTech (NASDAQ: ZENA) announced that its subsidiary ZenaDrone is testing a new proprietary camera for its IQ Nano drone swarms, developed by Spider Vision Sensors in partnership with Suntek Global. The camera enables more efficient indoor applications, including simultaneous scanning of multiple barcodes by drone swarms for commercial and US defense applications.

The company plans to pursue Blue UAS certification for military and government use. ZenaDrone is currently conducting a paid trial with a multinational auto parts manufacturer for inventory management and security applications. The IQ Nano drone, available in 10x10 and 20x20-inch sizes, features autonomous operation, integrated sensors, and AI capabilities, with a 20-minute flight time and automatic battery recharging.

ZenaTech (NASDAQ: ZENA) has announced the expansion of its operations with a new European Headquarters in Dublin, Ireland, set to open in summer 2025. The strategically located facility near Dublin Airport will serve the company's growing drone and Drone as a Service (DaaS) business across Europe, focusing on precision agriculture and various industrial applications.

The expansion targets the rapidly growing European agricultural drone market, valued at $4.6 billion in 2023 and projected to reach $43.23 billion by 2032, with a CAGR of 28.58%. ZenaTech's DaaS model will utilize its ZenaDrone 1000 and IQ series for applications ranging from crop monitoring to inventory management, offering subscription-based and pay-per-use options.

ZenaTech (NASDAQ: ZENA) has expanded its Drone as a Service (DaaS) offerings to include bathymetric surveys for underwater terrain mapping through its recently acquired Wallace Surveying in South Florida. The service utilizes ZenaDrone equipped with sonar technology to create high-resolution underwater maps for maintenance, dredging, and environmental planning.

The global Bathymetry Survey Sonar Market, valued at $1.2 billion in 2023, is projected to reach $2.1 billion by 2032, growing at a 6.2% CAGR. ZenaTech's DaaS business model operates on a subscription or pay-per-use basis, offering services including land surveys, power line inspections, and power washing through its ZenaDrone 1000 and IQ series drones.

ZenaTech (Nasdaq: ZENA) announces plans to showcase its ZenaDrone products at three major conferences targeting US defense and mining sectors. The company will exhibit at Modern Day Marine (April 29-May 1, 2025), XPONENTIAL by AUVSI (May 19-22, 2025), and CIM CONNECT Convention (May 4-7, 2025).

The company's drone lineup includes:

• ZenaDrone 1000: Autonomous multifunction drone with heavy lift capabilities and AI integration
• IQ Square: AI-powered VTOL drone for surveys and reconnaissance, with 20-minute flight time and 7kg payload capacity
• IQ Nano: Compact indoor drone for inspections and monitoring

ZenaTech is pursuing Green UAS and Blue UAS certifications for military sales qualification. The company plans NDAA-compliant manufacturing through its Taiwan-based Spider Vision Sensors and Arizona facility. Previous paid trials with US Air Force and Navy Reserve demonstrate military application potential.

ZenaTech (NASDAQ: ZENA) announces its subsidiary ZenaDrone has received FAA Part 137 approval for commercial agricultural drone operations. This certification enables final testing and deployment of the ZenaDrone 1000 for aerial spraying of agricultural materials through their Drone as a Service (DaaS) business model.

The ZenaDrone 1000 is a VTOL quadcopter measuring 12x7 feet with eight rotors and 40-kilo lift capacity. The drone will be used for spraying pesticides, herbicides, fungicides, fertilizers, and seeds, offering more precise and cost-effective alternatives to traditional farming methods.

The company plans to initially deploy in the US, followed by Ireland. According to Fortune Business Insights, the global agriculture drone market is expected to grow from $6.10 billion in 2024 to $23.78 billion by 2032, at an 18.5% CAGR.

ZenaTech (NASDAQ: ZENA) announces the launch of an early wildfire detection system through its subsidiary ZenaDrone. The company plans to test the system with a prospective California business customer operating a 400-acre rural outdoor tourist attraction.

The system utilizes the ZenaDrone 1000, an autonomous AI drone equipped with thermal imaging and LiDAR technology, designed to detect early-stage heat signatures and smoke, particularly during nighttime operations. The drone features a VTOL quadcopter design with eight rotors, measures 12X7 feet, and can lift up to 40 kilos.

If testing proves successful, full deployment is expected by Q4 under a Drone as a Service (DaaS) subscription model. The initiative targets the growing global wildfire protection market, projected to expand from $9.68 billion in 2024 to $22.47 billion by 2032, with a 12.6% CAGR.