ZenaTech Posts 643% Q1 Revenue Gain, Completes 23rd DaaS Acquisition
ZENA•ZenaTech’s Q1 revenue surged 643% year over year to C$8.4 million while net loss widened to $0.51 per share from $0.25. The company completed its 23rd DaaS acquisition, expanded to 10 U.S. states plus Canada, U.K., Australia and launched two interceptor drones in Counter-UAS market.
1. Q1 Financial Results
ZenaTech posted Q1 revenue of C$8.4 million, up 643% year over year, driven by its drone-as-a-service offerings. Net loss widened to $0.51 per share from $0.25 in the year-ago quarter on increased operating investments.
2. DaaS Segment and Acquisitions
The DaaS segment accounted for 93% of total revenue at C$7.8 million. During the quarter ZenaTech completed its 23rd acquisition of land survey and legacy service businesses, integrating licensed operators and existing customer bases into its DaaS model.
3. Global Footprint Expansion
ZenaTech’s DaaS network expanded to 10 U.S. states, Canada, the U.K. and Australia, bringing its global footprint to 26 locations including corporate centers in Orlando, Dublin and Dubai.
4. Counter-Unmanned Aerial Systems Entry
The company entered the counter-unmanned aerial systems market with the launch of two interceptor drones designed to integrate with defense system architectures, complementing its commercial ZenaDrone IQ Series portfolio.
