ZenaTech, Inc. Stock Price, News & Analysis

ZenaTech (NASDAQ: ZENA) announces its participation in three upcoming investor conferences where it will showcase developments in AI drone swarms, US military applications, and quantum computing initiatives. The company will highlight its solutions for government and commercial sectors, including wildfire response, extreme weather management, and military ISRT applications. The conferences include the Maxim Group Virtual Tech Conference (June 4), featuring CFO Jim Sherman in a drone panel discussion; the MicroCap Rodeo Investor Conference (June 6) in New York with VP Linda Montgomery presenting; and the CEM Bermuda Capital Event (June 7-9) where both the CFO and VP will conduct investor meetings. These events target institutional investors, family offices, and high-net-worth investors interested in emerging technologies.

ZenaTech (NASDAQ: ZENA) has announced a strategic initiative combining quantum computing and AI-powered drones to combat wildfires in Western US states. The initiative, part of the Clear Sky project, utilizes ZenaDrone 1000 and drone fleets equipped with thermal sensors, multispectral imaging, and 360-degree LiDAR to monitor areas up to 300 square miles.

The company will leverage its Portland-based land survey office and Wyoming Native American partnership for testing fire mitigation and autonomous monitoring. ZenaTech plans to expand its Clear Sky project team to 20 engineers focused on wildfire modeling, geospatial optimization, and AI-augmented forecasting. The initiative aims to address the growing threat of billion-dollar weather disasters, which included 27 extreme weather events in the US last year.

ZenaTech (NASDAQ: ZENA) has provided an update on its "Clear Sky" project, which combines AI-powered drone swarms and quantum computing for enhanced weather forecasting. The company plans to expand its quantum computing team by adding 10 specialized engineers, bringing the total to 20, to accelerate the beta release of Clear Sky.

The project aims to address the rising frequency of extreme weather events, with 58 separate billion-dollar weather disasters recorded globally in 2024, including 27 in the US. These events caused approximately $417 billion in global losses. The technology utilizes autonomous drones equipped with advanced sensors to collect real-time atmospheric data, measuring variables like temperature, humidity, wind speed, and pressure in hard-to-reach areas.

ZenaTech (NASDAQ: ZENA) has completed its fifth US acquisition, purchasing Laventure & Associates, a Florida-based land surveying and mapping firm. This strategic acquisition enhances ZenaTech's Drone as a Service (DaaS) capabilities by adding powerline inspection expertise to its portfolio. The global drone power line inspection market, valued at $26.66 billion in 2024, is projected to reach $323.8 billion by 2032, with a CAGR of 36.63%.

The company plans to integrate its ZenaDrone 1000 and IQ series autonomous drones with Laventure's expertise to provide efficient, subscription-based drone services. This acquisition is part of ZenaTech's broader strategy to acquire and integrate up to 20 additional companies over the next 12 months, strengthening its presence in Florida and expanding its DaaS offerings.

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.