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ZenaTech’s 2024 Financial Results and CEO Letter to Shareholders Shows Revenue and Assets Increase

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ZenaTech (NASDAQ: ZENA) reported its 2024 financial results, showing a 7% revenue increase to $1.96 million CAD compared to $1.82 million in 2023. The company's assets grew by 110% to $34.6 million, primarily due to patent acquisitions and software company purchases. However, comprehensive losses widened to $4.04 million from $0.251 million, attributed to one-time Nasdaq listing costs.

The company maintains a healthy debt-to-capitalization ratio of 31% and reports sufficient cash for the next 12 months of operations. ZenaTech has expanded its operations through seven global offices and launched new drone products, including the IQ Nano for warehouse inventory management and the IQ Square for land surveys. The company is pursuing a Drone as a Service (DaaS) business model and has announced multiple Letters of Intent for acquisitions, particularly in the land survey industry.

Notable developments include establishing Spider Vision Sensors in Taiwan for military-compliant drone components and expanding the team with 35 new hires. The company has also listed on additional exchanges including Frankfurt Stock Exchange and Mexican Stock Exchange.

ZenaTech (NASDAQ: ZENA) ha riportato i risultati finanziari per il 2024, evidenziando un aumento del fatturato del 7% a 1,96 milioni di CAD rispetto a 1,82 milioni nel 2023. Gli attivi dell'azienda sono cresciuti del 110% a 34,6 milioni, principalmente a causa di acquisizioni di brevetti e acquisti di aziende software. Tuttavia, le perdite complessive si sono ampliate a 4,04 milioni rispetto a 0,251 milioni, attribuite ai costi una tantum per la quotazione al Nasdaq.

L'azienda mantiene un sano rapporto debito-capitalizzazione del 31% e riporta di avere liquidità sufficiente per i prossimi 12 mesi di operazioni. ZenaTech ha ampliato le sue operazioni attraverso sette uffici globali e ha lanciato nuovi prodotti per droni, tra cui l'IQ Nano per la gestione dell'inventario nei magazzini e l'IQ Square per i rilievi del terreno. L'azienda sta perseguendo un modello di business Drone as a Service (DaaS) e ha annunciato diverse Lettere di Intento per acquisizioni, in particolare nel settore dei rilievi del terreno.

Sviluppi notevoli includono l'istituzione di Spider Vision Sensors a Taiwan per componenti di droni conformi alle normative militari e l'espansione del team con 35 nuove assunzioni. L'azienda è stata anche quotata su ulteriori borse, tra cui la Borsa di Francoforte e la Borsa messicana.

ZenaTech (NASDAQ: ZENA) reportó sus resultados financieros de 2024, mostrando un aumento del 7% en ingresos a 1.96 millones de CAD en comparación con 1.82 millones en 2023. Los activos de la empresa crecieron un 110% a 34.6 millones, principalmente debido a adquisiciones de patentes y compras de empresas de software. Sin embargo, las pérdidas generales se ampliaron a 4.04 millones desde 0.251 millones, atribuibles a costos únicos de listado en Nasdaq.

La compañía mantiene una saludable relación deuda-capitalización del 31% y reporta suficiente efectivo para los próximos 12 meses de operaciones. ZenaTech ha expandido sus operaciones a través de siete oficinas globales y ha lanzado nuevos productos de drones, incluyendo el IQ Nano para la gestión de inventarios en almacenes y el IQ Square para levantamientos de terrenos. La empresa está persiguiendo un modelo de negocio Drone as a Service (DaaS) y ha anunciado múltiples Cartas de Intención para adquisiciones, particularmente en la industria de levantamientos de terrenos.

Desarrollos notables incluyen el establecimiento de Spider Vision Sensors en Taiwán para componentes de drones conforme a normas militares y la expansión del equipo con 35 nuevas contrataciones. La empresa también se ha listado en intercambios adicionales, incluyendo la Bolsa de Frankfurt y la Bolsa Mexicana.

제나텍 (NASDAQ: ZENA)는 2024년 재무 결과를 발표하며 7%의 매출 증가를 기록하여 2023년 1.82 백만 CAD에 비해 1.96 백만 CAD에 달했다고 보고했습니다. 회사의 자산은 110% 증가하여 3460만 달러에 이르렀으며, 이는 주로 특허 인수와 소프트웨어 회사 구매에 기인합니다. 그러나 종합 손실은 0.251 백만에서 4.04 백만으로 확대되었으며, 이는 일회성 나스닥 상장 비용 때문입니다.

회사는 31%의 건전한 부채-자본 비율을 유지하고 있으며, 향후 12개월의 운영을 위한 충분한 현금을 보유하고 있다고 보고했습니다. 제나텍은 7개의 글로벌 사무소를 통해 사업을 확장하였고, 창고 재고 관리를 위한 IQ Nano와 토지 측량을 위한 IQ Square를 포함한 새로운 드론 제품을 출시했습니다. 회사는 드론 서비스(DaaS) 비즈니스 모델을 추구하고 있으며, 특히 토지 측량 산업에서 인수에 대한 여러 의향서를 발표했습니다.

주요 발전 사항으로는 대만에 군사 규정을 준수하는 드론 부품을 위한 스파이더 비전 센서를 설립하고 35명의 신규 직원을 채용하여 팀을 확장한 것입니다. 회사는 또한 프랑크푸르트 증권 거래소와 멕시코 증권 거래소를 포함한 추가 거래소에 상장되었습니다.

ZenaTech (NASDAQ: ZENA) a publié ses résultats financiers pour 2024, montrant une augmentation de 7% des revenus à 1,96 million CAD par rapport à 1,82 million en 2023. Les actifs de l'entreprise ont augmenté de 110% pour atteindre 34,6 millions, principalement en raison des acquisitions de brevets et des achats d'entreprises de logiciels. Cependant, les pertes globales se sont creusées à 4,04 millions contre 0,251 million, attribuées aux coûts uniques liés à la cotation sur le Nasdaq.

L'entreprise maintient un ratio d'endettement sur capitalisation sain de 31% et rapporte avoir suffisamment de liquidités pour les 12 prochains mois d'opérations. ZenaTech a élargi ses opérations à travers sept bureaux mondiaux et a lancé de nouveaux produits de drones, notamment l'IQ Nano pour la gestion des stocks en entrepôt et l'IQ Square pour les levés de terrain. L'entreprise poursuit un modèle commercial de Drone as a Service (DaaS) et a annoncé plusieurs lettres d'intention pour des acquisitions, en particulier dans le secteur des levés de terrain.

Les développements notables incluent l'établissement de Spider Vision Sensors à Taïwan pour des composants de drones conformes aux normes militaires et l'expansion de l'équipe avec 35 nouvelles recrues. L'entreprise a également été cotée sur d'autres bourses, y compris la Bourse de Francfort et la Bourse mexicaine.

ZenaTech (NASDAQ: ZENA) hat seine Finanzergebnisse für 2024 veröffentlicht und einen Umsatzanstieg von 7% auf 1,96 Millionen CAD im Vergleich zu 1,82 Millionen im Jahr 2023 verzeichnet. Die Vermögenswerte des Unternehmens stiegen um 110% auf 34,6 Millionen, hauptsächlich aufgrund von Patentakquisitionen und Käufen von Softwareunternehmen. Die umfassenden Verluste weiteten sich jedoch auf 4,04 Millionen von 0,251 Millionen aus, was auf einmalige Kosten für die Nasdaq-Notierung zurückzuführen ist.

Das Unternehmen hält ein gesundes Verhältnis von Schulden zu Eigenkapital von 31% und berichtet über ausreichende Liquidität für die nächsten 12 Monate. ZenaTech hat seine Aktivitäten durch sieben globale Büros erweitert und neue Drohnenprodukte eingeführt, darunter die IQ Nano für die Lagerbestandsverwaltung und die IQ Square für Landvermessungen. Das Unternehmen verfolgt ein Geschäftsmodell namens Drone as a Service (DaaS) und hat mehrere Absichtserklärungen für Übernahmen, insbesondere in der Landvermessungsbranche, angekündigt.

Bemerkenswerte Entwicklungen umfassen die Gründung von Spider Vision Sensors in Taiwan für militärkonforme Drohnenkomponenten und die Erweiterung des Teams um 35 neue Mitarbeiter. Das Unternehmen wurde auch an weiteren Börsen gelistet, darunter die Frankfurter Wertpapierbörse und die Mexikanische Börse.

Positive
  • Revenue growth of 7% to $1.96M CAD
  • Assets increased 110% to $34.6M
  • Low debt-to-capitalization ratio of 31%
  • Sufficient cash for 12 months of operations
  • Strategic expansion with 7 global offices
  • Established military-compliant component manufacturing in Taiwan
  • 35 new hires added to strengthen technical capabilities
Negative
  • Comprehensive loss increased to $4.04M from $0.251M
  • Liabilities increased by $3.7M to $12.8M

Insights

ZenaTech's financial results present a mixed picture for investors. The 7% revenue growth to $1.96 million CAD is modest for a technology company, especially against a market capitalization of $70 million USD. More concerning is the substantially widened loss of $4.04 million versus $0.251 million in 2023, though this stemmed primarily from one-time Nasdaq listing expenses.

The 110% asset increase to $34.6 million through acquisitions signals aggressive expansion, but with liabilities rising to $12.8 million, the company is taking on additional financial obligations. The 31% debt-to-capitalization ratio remains manageable, well below the 50% threshold mentioned.

ZenaTech's acquisition-based growth strategy is capital-intensive and execution-dependent. While acquiring revenue-generating businesses could accelerate growth, the integration of multiple companies simultaneously presents operational risks. The emphasis on sufficient cash and credit lines for the next 12 months provides near-term operational runway, but sustained losses could eventually strain resources.

The strategic pivot to a Drone-as-a-Service (DaaS) model through acquiring land survey firms has potential for recurring revenue streams with higher margins than hardware sales. However, this transition requires significant upfront investment before generating substantial returns. Investors should closely monitor acquisition integration progress and whether the company can translate its expanding asset base into meaningful revenue growth and eventual profitability.

ZenaTech's technology strategy reveals a calculated positioning at the intersection of AI, drone technology, and enterprise software. The vertical integration through Spider Vision Sensors in Taiwan represents a strategic move that addresses both supply chain security and compliance with the US National Defense Authorization Act—critical for accessing lucrative defense contracts.

The DaaS (Drone as a Service) business model mirrors the successful SaaS transition many software companies have implemented, potentially creating recurring revenue streams while lowering customer adoption barriers. This approach could differentiate ZenaTech in a drone market still heavily focused on hardware sales.

The company's technology portfolio expansion shows diversification across multiple drone platforms (ZenaDrone 1000, IQ Nano, IQ Square) targeting specific use cases from warehouse inventory management to land surveys. The acquisition of complementary software companies (ZooOffice, Ecker Capital, Othership) suggests an integrated solution approach rather than selling standalone hardware.

The focus on securing UAS certifications and pursuing Green UAS and Blue UAS status indicates a methodical approach to accessing the defense market. However, these certification processes are typically lengthy and stringent. The company's expansion into international markets through additional stock exchange listings aligns with its global office footprint across North America, Europe, UAE, and Taiwan.

While the technology strategy appears comprehensive, execution remains the primary challenge. The company will need to demonstrate successful integration of its acquired software capabilities with drone hardware and show market traction for its DaaS model to justify its current valuation.

VANCOUVER, British Columbia, April 01, 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 2024 financial results and presents a letter to shareholders from Chairman and CEO Shaun Passley, Ph.D.

2024 Financial Results

  • As of December 31, 2024, and consistent with its recent 6K filing, ZenaTech’s 2024 full-year revenue increased by 7% to $1.96 million as compared to $1.82 million for the full year of 2023 (all figures in $Cdn. dollars)
  • Comprehensive loss for the period was ($4.04 million) versus ($.251 million) last year due to increased one-time costs of listing on Nasdaq Capital Market from lawyers. accountants, auditors, financial advisor (investment banker) and other going public expenses
  • Assets have increased over 110% to $34.6 million at year-end 2024, up from $16.4 million at year-end 2023. This is due to the company’s acquisition of three patents, and a total of four software companies. In addition, the company has signed multiple Letters of Intent (LOIs) as part of an acquisition strategy that will tremendously increase future revenue
  • Liabilities continue to be low, having increased $3.7 million to $12.8 million at year-end 2024 from $9.1 million at year-end 2023
  • The Company’s ratio of debt to total capitalization is 31%, which is well within the accepted standard of less than 50%
  • ZenaTech’s existing cash and funds available through lines of credit will be sufficient to finance the next 12 months of the company’s operations. We anticipate that cash generated internally, and lines of credit will be sufficient to fund our drone development and acquisitions
  • Additional information is available from ZenaTech’s 6K filing on the SEC EDGAR website. The company will be filing its 20F by the due date, which is April 30, 2024, for Private Foreign Issuers

Letter to Shareholders

Dear ZenaTech Shareholders,

I want to begin by thanking you for your ongoing support as we continue to grow our business and focus on building sustainable long-term shareholder value.

Since our direct listing on Nasdaq in October of 2024, we have been leveraging our software development expertise and growing our AI drone design and manufacturing capabilities through our subsidiary ZenaDrone to innovate and improve inspections, monitoring, surveys, security, and safety processes for commercial and defense markets. We’ve continued to serve our enterprise SaaS customers via our subsidiary software companies and solutions for law enforcement, health, government, commercial and industrial sectors driving operational efficiencies and cost savings. We’ve announced our Drone as a Service or DaaS business and made good progress in our revenue accretive acquisition strategy. We now operate through seven global offices in North America, Europe, UAE, and most recently Taiwan.

Today, we are recognized as an emerging global brand, poised to offer innovative drone solutions incorporating our ZenaDrone 1000, a mid-sized autonomous drone for commercial and defense applications, and the IQ series of indoor/outdoor drones. We launched the IQ Nano, a unique self-flying indoor drone, currently used for inventory management by reading and processing barcodes in warehouses; we announced a paid trial of this solution currently in progress with a multinational auto parts manufacturer. We’ve made progress in the development of the IQ Square, a larger version than the Nano drone that will be used for land surveys and other outdoor line-of-site inspections. We are now vertically integrated through setting up our Spider Vision Sensors company in Taiwan that will manufacture military-compliant component parts for our drones.

We continue to add to our patent portfolio. Last year we acquired patents from a related party company for a second-generation improved design for the ZenaDrone 1000 enabling longer flight times and more payload capacity and utility patents for an autonomous recharging pad and a multiple accessory securing panel. We are building our reputation for pioneering R&D projects utilizing AI drone swarms or multiple drones, incorporating the use of quantum computing with the launch of our Sky Traffic project for traffic management, weather forecasting, wildfire management and other applications.

We have been strategically expanding our offerings to innovate the drone industry through establishing a DaaS business model. At the same time, we’ve been expanding our footprint in other verticals, entering new markets both geographically and within industries for our drones and software products. I would like to highlight our accomplishments to date, and our strategy, plans, and vision for the future in the following areas:

Services/Solutions/Technology - DaaS

We believe we are the first drone company to launch a DaaS business model with a vision to have a national footprint in the US and globally. DaaS works similarly to Software-as-a-Service (SaaS), but instead of providing software over the internet, DaaS offers packaged drone technology solutions and services on a subscription or pay-per-use basis. Businesses and government customers can conveniently access drones for tasks such as surveying, inspections, security and law enforcement, or precision agriculture solutions or without having to buy, operate or maintain the drones themselves. We believe this strategy to integrate our AI drone hardware, software, and expertise to innovate and improve operations of many traditional business verticals adds the potential for significant revenue in the US and globally. The first step of this strategy is the acquisition of land survey engineering firms giving us a base in various US regions and the opportunity to expand our range of drone services offered.

Acquisition Strategy and Expansion

While we are focused on organic growth, a forward-looking and revenue-accretive acquisition strategy will help our progress and speed in new drone and software markets. We look to acquire established companies with revenue producing software solutions or legacy businesses like land survey services, and an existing client base with a history of licensing renewal or repeat customers. We believe this provides stable revenue and positive cash flow while reducing risk.

We are currently working through negotiations on a pipeline of over 20 acquisitions primarily in the land survey industry where we have already announced eight LOIs and closed on two of these acquisitions to date. This is part of a larger acquisition and roll-up strategy to disrupt the land survey business by accelerating the innovation, speed and precision benefits achieved by using AI drones.  We view our strategy analogous to how Uber disrupted the taxi industry. Once we have “feet on the ground” in various regions offering drone-based land surveys to an existing customer base, we see this as the first step towards establishing and expanding our DaaS business model.

Our DaaS model enables governments, farmers, oil and gas companies, environmental firms, etc. to utilize a complete drone solution for a specific application─ i.e. land surveying, crop management, inspection, safety, or compliance application, and purchase it on a pay-as-you-go basis rather than having to buy the entire drone hardware and software solution. This business model provides cost-effective access to the enhanced productivity benefits and AI capabilities offered by drone technology to optimize time, improve precision, and eliminate outdated or manual processes.

To date, ZenaTech has announced three completed acquisitions, adding five additional software companies and brands to our collection of enterprise SaaS solutions. We acquired ZooOffice Inc., the holding company for software companies Jadian and DeskFlex, from ZenaTech’s former parent company. These two software companies will provide important compliance and inspection software as well as scheduling and mapping software that will be incorporated into ZenaDrone AI drone solutions. We also acquired Ecker Capital, a related company and holding company for Interactive Systems and InterlinkONE- two companies offering warehouse software management that ZenaDrone plans to incorporate into its IQ Nano inventory management drone solutions. These acquisitions further expand ZenaTech’s portfolio of software and drone solutions as well as customer base and are expected to add to recurring revenue.

Most recently, we finalized the acquisition of a UK workplace scheduling and planning software company, Othership. We see an opportunity to build future applications to increase productivity for multinational companies with large and complex workforces and workplace scheduling challenges when combined with our quantum computing project.

In addition, we are strategically expanding our US footprint creating a strong base in Arizona, which is strategic to our US operations as the base of our subsidiary ZenaDrone, where our second drone manufacturing and production facility will be located and where we intend to build our drone solutions destined for the US military.

UAS Certifications, US Defense and Regulatory Requirements

As a drone company, Unmanned Aerial System (UAS) certifications in multiple jurisdictions where we operate, and FAA (Federal Aviation Authority) approvals are essential requirements for doing business. We received an FAA exception last year to demonstrate, exhibit, and test our drones in the US subject to certain requirements. We also applied for FAA Part 137 certification so we can use our drones for spraying applications for precision agriculture farming and for wildfire management applications in the future.  

Our subsidiary ZenaDrone has initiated internal cybersecurity processes and controls for us to apply for Green UAS (Unmanned Aerial System) certification for the IQ Square drone for applications including land surveys, bridge inspections and other infrastructure inspections for use by US Defense agencies. This is an important steppingstone to qualifying for the Blue UAS certification to achieve supplier list status to sell directly to US defense branches. 

Our subsidiaries ZenaDrone and Spider Vision Sensors are also collaborating with Taiwan-based certified electronics manufacturer and partner, Suntek Global, to apply for the company’s first Blue UAS certified IQ Nano drone sensor to enable future use by US Defense customers.

Vertical Integration and Compliance for US Government Markets

We established Spider Vision Sensors in Taiwan to ensure ZenaDrone’s products are compliant with the US National Defense Authorization Act (NDAA), an important requirement for the company to win business with the US Military and a growing number of law enforcement and state/municipal governments as well. This division will manufacture and assemble drone sensors, electronics, and components such LiDAR (Light Detection and Ranging), thermal, infrared, multi-spectral and hyper sensors, cameras, and PBCs (Printed Circuit Boards), all in-house. Establishing a drone sensor and components manufacturer in Taiwan will help bring our products to market faster and removes dependencies on any Chinese made electronics that are becoming banned in the US.

Currently, Spider Vision Sensors is expanding its East Asian partnerships as well to sell to customers in the rapidly growing government defense and commercial drone markets in Taiwan, South Korea and Japan.

Personnel Expansion to Meet Demand

To date, we have expanded our team of drone engineers, technicians, and R&D engineers by adding 35 new hires to meet production line and capability requirements for the manufacturing of our ZenaDrone drones. These professionals will bring a wealth of differentiated and relevant skills to contribute to our future success.

In addition, we added and promoted several key team members in the business development, customer support, corporate development, and administration areas of ZenaTech and our subsidiary companies. I believe our longstanding team members will continue to be active and productive contributors in their new roles, helping us leverage growth opportunities in the AI drone and SaaS software marketplaces, and build our business over the coming months and years.

Listing of Common Shares on Foreign Stock Exchanges

We believe that there is a significant opportunity both for the company and potential investors to expand beyond our Nasdaq listing, increasing exposure, liquidity and trading by attracting foreign investors. For that reason, we have listed our shares on additional exchanges strategic to our business and customers in other parts of the world, including the Frankfurt Stock Exchange (FSE) under the symbol “49Q” effective October 31, 2024, and the BMV: Bolsa Mexicana de Valores (Mexican Stock Exchange), effective January 23, 2025,

Again, I am pleased to provide you with this update, and I thank you for your continued investment in ZenaTech. Our entire team is optimistic about the company’s future potential. We thank you for your continued support and look forward to updating you at the conclusion of the first quarter of 2025.

Sincerely,

Shaun Passley, Ph.D.

Chairman and CEO

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.

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

What was ZenaTech's (ZENA) revenue growth in 2024?

ZenaTech reported a 7% revenue increase to $1.96 million CAD in 2024, up from $1.82 million in 2023.

How much did ZENA's assets grow in 2024?

ZenaTech's assets increased by 110% to $34.6 million at year-end 2024, up from $16.4 million in 2023.

What is ZenaTech's (ZENA) new DaaS business model?

ZenaTech's DaaS (Drone as a Service) offers drone technology solutions on a subscription or pay-per-use basis, allowing customers to access drone services without buying or maintaining the equipment.

How many acquisitions and LOIs does ZENA currently have in pipeline?

ZenaTech has a pipeline of over 20 acquisitions, with eight LOIs announced and two acquisitions completed in the land survey industry.

What are the key new drone products launched by ZENA?

ZenaTech launched the IQ Nano for warehouse inventory management and the IQ Square for land surveys and outdoor inspections.
ZenaTech, Inc.

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