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Volatus Aerospace Corp., trading on the TSXV as VOL and OTCQB as VLTTF, is a renowned leader in the drone industry, offering integrated drone solutions across North America into Latin America and globally. The company caters to civil, public safety, and defense markets through imaging and inspection, security and surveillance, equipment sales and support, training, and R&D. Volatus's subsidiary, Volatus Aviation, is introducing eco-friendly drone solutions for pipeline, energy, rail, and cargo services. Committed to carbon neutrality and fostering an inclusive workplace, Volatus is a pioneer in the aerial intelligence sector.
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Volatus Aerospace Corp. announces a late filing of its annual financial statements, resulting in a failure-to-file cease trade order by the Ontario Securities Commission. The delay was due to auditing complexities during a transition to a larger audit firm. The FFCTO prohibits trading of the 's securities until the documents are filed.
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Volatus Aerospace Corp. expands its service offering in agriculture and forestry into the U.S. by receiving authorization from the FAA for commercial agricultural aircraft operations using drones. The company can now operate heavy agricultural spray drones, generating increased revenues and offering precision spraying benefits to farmers. Volatus aligns its drone operations with commercial aircraft and helicopter operations to obtain special approvals, allowing for advanced drone technology use. The agricultural drone market is projected to grow significantly, presenting a lucrative opportunity for Volatus.
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Volatus Aerospace Corp (TSXV:VOL)(OTCQB:VLTTF) expects to generate C$2M in revenue for 2024 with a 9% EBITDA. The company completed the acquisition of UK-based companies, Aerial Motion Pictures Ltd., dba UAVHub and Open Sky Consulting International Ltd., dba The Drone Mentor. The addition of these companies will standardize drone training across geographies, increase gross margins, and provide bundled solutions to clients, enhancing long-term relationships and customer stickiness.
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Volatus Aerospace Corp. (TSXV:VOL)(OTCQB:VLTTF) expects 2024 revenue of C$2M with 9% EBITDA. The company announced the acquisition of two UK-based companies, UAVHub and The Drone Mentor, to expand its aerial intelligence offerings. UAVHub provides UK Civil Aviation Authority approved online training, while The Drone Mentor offers non-regulatory training and support for the uncrewed sector, focusing on personal, professional, and business development.
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Volatus Aerospace Corp. (VOL)(VLTTF) announced Q3 2023 revenue of $8.27M with a 36% gross margin and adjusted EBITDA improvement of $961,874. Service revenue increased by 349% to $4,991,856. The company has an estimated unfulfilled demand exceeding $10M in equipment sales due to working capital constraints. Available working capital as of Sept 30, 2023, was $4,687,918. The company recorded a comprehensive loss of ($1,920,403) in Q3 2023, with a reduction in losses quarter over quarter. The company has an estimated order book of $80M and management expects to generate $10M in revenue in Q1 2024, representing a growth of 35% compared to Q1 2023. The company completed a cost optimization program in Q3 2023 and has confirmed annualized cost savings of $3M.
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Volatus Aerospace Corp. has announced the sale and delivery of C$1.6M worth of surveillance drones to a Canadian Defence Contractor. The company plays a crucial role in providing equipment, training, and turnkey services for search and rescue operations, public safety, and defense. This sale further solidifies Volatus as a reliable supplier to the civil, public safety, and defense sectors.
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Volatus Aerospace Corp. has secured a three-year contract with a major U.S. Power Utility to provide drone inspection services and reporting on their Transmission and Distribution towers. The contract has a potential value of up to $60M and will expand Volatus' T&D inspection activities in the US. Volatus will collect and process drone data and perform analytic reporting services. The expected margins align with past performance in this segment. Volatus plans to inspect over 10,000 T&D structures in 2023 and anticipates inspecting upward of 25,000 structures in North America in 2024.
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Volatus Aerospace Corp. and Flyscan Systems have entered into a services agreement to automate airborne inspection services of critical pipeline infrastructure. Flyscan's sensor pod and software enable automated gas leak detection, threat detection, and vegetation management. This partnership enhances Volatus' capabilities and provides more accurate data to clients.
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Volatus Aerospace Corp. expands into the US oil and gas pipeline surveillance operations with an initial contract, expecting to generate up to CAD $4 million in revenue in 2024 with a 10% EBITDA margin. The US has approximately 5X the size of oil and gas pipeline compared to Canada. Volatus has a competitive advantage through its proprietary software and partnerships with advanced sensor and AI companies.
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Volatus Aerospace Corp. reports record Q2 revenues and increased gross margins
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FAQ
What is the current stock price of VOLATUS AEROSPACE (VLTTF)?
The current stock price of VOLATUS AEROSPACE (VLTTF) is $0.1899 as of September 3, 2024.
What is the market cap of VOLATUS AEROSPACE (VLTTF)?
The market cap of VOLATUS AEROSPACE (VLTTF) is approximately 34.6M.
What markets does Volatus Aerospace serve?
Volatus Aerospace serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing.
What are the subsidiaries of Volatus Aerospace?
Volatus's subsidiary, Volatus Aviation, is introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections like pipeline, energy, rail, and cargo services.
What is Volatus Aerospace's commitment to the environment?
Volatus Aerospace is committed to carbon neutrality, fostering a safe, equitable, and inclusive workplace, and responsible governance.
What are the stock symbols for Volatus Aerospace Corp.?
Volatus Aerospace Corp. is traded as VOL on the TSXV and as VLTTF on the OTCQB.
What sets Volatus Aerospace apart in the drone industry?
Volatus Aerospace is a leader in the drone industry, offering integrated drone solutions with a focus on aerial intelligence and eco-friendly technology. The company has a strong presence in North America, Latin America, and globally.
VOLATUS AEROSPACE CORP
OTC:VLTTF
VLTTF Rankings
VLTTF Stock Data
34.64M
47.41M
61.65%
0.18%
Aerospace & Defense
Industrials
United States of America
Oro-Medonte