ZenaTech Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025
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) ha riportato solidi risultati finanziari nel primo trimestre del 2025, con ricavi totali che hanno raggiunto 1,13 milioni di dollari, segnando un aumento del 92% rispetto ai 591.379 dollari del primo trimestre 2024. La crescita è stata trainata da acquisizioni e dall'espansione organica nei settori software e droni. L'azienda ha lanciato il segmento Drone as a Service (DaaS) attraverso l'acquisizione di Weddle Surveying e KJM Land Surveying, firmando inoltre cinque ulteriori lettere di intenti (LOI).
La società ha acquisito Othership, un'azienda britannica specializzata in software per la gestione degli ambienti di lavoro, per potenziare il suo segmento SaaS enterprise. Tuttavia, le spese generali e amministrative sono aumentate significativamente, passando da 0,7 milioni di dollari nel primo trimestre 2024 a 5,75 milioni di dollari nel primo trimestre 2025, a causa degli investimenti in iniziative di crescita. ZenaTech ha ampliato le capacità produttive negli Emirati Arabi Uniti, aperto una struttura di test per droni in Turchia e ha fatto progressi nello sviluppo dei droni ZenaDrone 1000 e IQ Square, perseguendo al contempo le certificazioni militari statunitensi.
ZenaTech (NASDAQ: ZENA) reportó sólidos resultados financieros en el primer trimestre de 2025, con ingresos totales que alcanzaron los 1,13 millones de dólares, un aumento del 92% respecto a los 591,379 dólares del primer trimestre de 2024. Este crecimiento fue impulsado por adquisiciones y expansión orgánica en los segmentos de software y drones. La compañía lanzó su segmento Drone as a Service (DaaS) mediante la adquisición de Weddle Surveying y KJM Land Surveying, además de firmar cinco cartas de intención adicionales (LOIs).
La empresa adquirió Othership, una firma británica de software para gestión de espacios de trabajo, para fortalecer su segmento SaaS empresarial. Sin embargo, los gastos generales y administrativos aumentaron significativamente, pasando de 0,7 millones de dólares en el primer trimestre de 2024 a 5,75 millones de dólares en el primer trimestre de 2025, debido a inversiones en iniciativas de crecimiento. ZenaTech amplió sus capacidades de fabricación en los Emiratos Árabes Unidos, abrió una instalación de pruebas de drones en Turquía y avanzó en el desarrollo de sus drones ZenaDrone 1000 e IQ Square, mientras busca certificaciones militares en EE. UU.
ZenaTech (NASDAQ: ZENA)는 2025년 1분기에 강력한 재무 실적을 보고했으며, 총 매출은 113만 달러로 2024년 1분기의 591,379달러 대비 92% 증가했습니다. 이러한 성장은 소프트웨어 및 드론 부문에서의 인수와 유기적 확장에 힘입은 것입니다. 회사는 Weddle Surveying과 KJM Land Surveying을 인수하며 Drone as a Service(DaaS) 부문을 출범시켰고, 추가로 다섯 건의 LOI를 체결했습니다.
또한, 영국의 업무 공간 관리 소프트웨어 업체인 Othership을 인수하여 엔터프라이즈 SaaS 부문을 강화했습니다. 그러나 일반 및 관리비용은 성장 투자로 인해 2024년 1분기 70만 달러에서 2025년 1분기 575만 달러로 크게 증가했습니다. ZenaTech는 UAE 제조 역량을 확장하고 터키에 드론 테스트 시설을 열었으며, ZenaDrone 1000과 IQ Square 드론 개발을 진전시키면서 미국 군사 인증도 추진 중입니다.
ZenaTech (NASDAQ : ZENA) a publié de solides résultats financiers pour le premier trimestre 2025, avec un chiffre d'affaires total atteignant 1,13 million de dollars, soit une augmentation de 92% par rapport aux 591 379 dollars du premier trimestre 2024. Cette croissance a été portée par des acquisitions et une expansion organique dans les segments logiciel et drones. La société a lancé son segment Drone as a Service (DaaS) via les acquisitions de Weddle Surveying et KJM Land Surveying, tout en signant cinq lettres d'intention supplémentaires.
L'entreprise a acquis Othership, une société britannique de logiciels de gestion des espaces de travail, pour renforcer son segment SaaS entreprise. Cependant, les frais généraux et administratifs ont fortement augmenté, passant de 0,7 million de dollars au premier trimestre 2024 à 5,75 millions de dollars au premier trimestre 2025, en raison des investissements dans les initiatives de croissance. ZenaTech a étendu ses capacités de fabrication aux Émirats arabes unis, ouvert une installation de test de drones en Turquie et fait progresser le développement de ses drones ZenaDrone 1000 et IQ Square tout en poursuivant les certifications militaires américaines.
ZenaTech (NASDAQ: ZENA) meldete starke Finanzergebnisse für das erste Quartal 2025, mit einem Gesamtumsatz von 1,13 Millionen US-Dollar, was einem 92%igen Anstieg gegenüber 591.379 US-Dollar im ersten Quartal 2024 entspricht. Das Wachstum wurde durch Übernahmen und organische Expansion in den Bereichen Software und Drohnen vorangetrieben. Das Unternehmen startete sein Drone as a Service (DaaS)-Segment durch die Übernahmen von Weddle Surveying und KJM Land Surveying und unterzeichnete fünf weitere Absichtserklärungen (LOIs).
Das Unternehmen erwarb Othership, einen britischen Anbieter von Arbeitsplatzmanagement-Software, um sein Enterprise-SaaS-Segment zu stärken. Die allgemeinen Verwaltungsaufwendungen stiegen jedoch aufgrund von Investitionen in Wachstumsinitiativen erheblich von 0,7 Millionen US-Dollar im ersten Quartal 2024 auf 5,75 Millionen US-Dollar im ersten Quartal 2025. ZenaTech erweiterte seine Fertigungskapazitäten in den VAE, eröffnete eine Drohnentestanlage in der Türkei und machte Fortschritte bei der Entwicklung der ZenaDrone 1000 und IQ Square Drohnen, während es US-Militärzertifizierungen anstrebt.
- None.
- General and administrative expenses increased substantially to $5.75 million from $0.7 million year-over-year
- Heavy investment requirements in marketing, manufacturing, and product development impacting current expenses
- Still pending crucial US Military certifications (Green UAS and Blue UAS) required for military sales
Insights
ZenaTech doubled revenue but increased expenses 8x, raising concerns about sustainability despite aggressive acquisition strategy.
The financial results reveal mixed signals for ZenaTech. While the
The revenue growth stems from both acquisitions (Weddle Surveying, KJM Land Surveying, and Othership) and claimed organic growth, though the specific contribution from each isn't quantified. The company's aggressive expansion strategy includes five additional LOIs signed during the quarter and plans for "20+ acquisitions over the next 12 months" – an extremely ambitious target that raises questions about integration capabilities and capital requirements.
Most concerning is the widening operating loss. Based on the provided figures, ZenaTech's Q1 operating loss was approximately
The heavy investments in engineering talent (35 new hires in UAE), manufacturing capabilities, and product development represent significant capital allocation to unproven revenue streams. While management frames these as "investments" for long-term growth, investors should note the substantial increase in cash burn without clear timelines to profitability. The emphasis on potential US military contracts through certification efforts suggests the company is banking on high-value government relationships, though competition in this space is intense.
VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the first quarter 2025.
First Quarter 2025 Highlights:
- Total revenues for the first quarter of 2025 were
$1.13 million , up92% compared to$591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth. - ZenaTech’s new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs (Letter of Intent) for additional acquisitions during the quarter.
- The company acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers.
- The company made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to
$5.75 million in Q1 2025 versus about$0.7 million in Q1 of 2024. This primarily consisted of sales and marketing activities, new hires, professional services, and finance expenses. - ZenaTech made investments in its subsidiary ZenaDrone’s UAE manufacturing capabilities during the quarter, including hiring 35 new engineers and technicians. Also announced was the opening of a drone testing facility in Turkey for beyond-the-line-of-sight drone testing.
- Drone product highlights in Q1 include finalizing the third-generation design and “production model” of the ZenaDrone 1000 drone that will enable the start of scaling up of production. The company also announced the IQ Square drone has moved from prototype to manufacturing stage.
- The commence of work on a heavy-lift gas-powered ZD 1000 model for longer fight times for US defense applications took place during the quarter. Testing also commenced on a new high-density drone battery and a proprietary communications system for this drone.
- The company reported that ZenaDrone is preparing for Green UAS followed by Blue UAS certification required to sell to the US Military. Additionally, it is reviewing and putting in place cybersecurity practices, documentation, and internal controls necessary to apply for this certification.
- ZenaTech further expanded its Taiwan drone component manufacturer ─ Spider Vision Sensors, adding additional engineering and business development staff. It also announced the first Blue UAS-certifiable drone sensors are under development.
“The first quarter of 2025 was a very strong and encouraging start to the year as revenue nearly doubled, up
“Although expenses increased during the first quarter, these are investments intended to grow the company over the long-term, namely in marketing, manufacturing, product development and testing capacity, which we believe will yield future rewards.
“We believe that this quarter’s performance demonstrates that our strategy to disrupt legacy businesses like land surveys via a DaaS business model is on track. Our momentum is strong, and we are well positioned to expand our range of drone services with a pipeline of over 20 acquisitions over the next 12 months,” concluded Dr. Passley.
Additional information is available from ZenaTech’s 6K filing on the SEC EDGAR website.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, accuracy, and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and partner network.
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, and the IQ Square is an indoor/outdoor drone designed for land survey and inspections use in commercial and defense sectors
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; ZenaTech's ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano; ZenaTech’s anticipated cash needs and it’s needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech’s expected business objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; the ability to complete any contemplated acquisitions; changes in the target markets; market uncertainty; ability to access additional capital, including through the listing of its securities in various jurisdictions; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.
FAQ
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