Core Insights - Volatus Aerospace Inc. reported financial results for FY 2024, generating total revenue of CAD 27,147,414, with a 16% year-over-year growth in services and technology revenue [2][6][10] - The company achieved a record blended gross margin of 38% in Q4 2024, up from 27% in Q3 2024, primarily due to a higher mix of margin services and technology revenue [2][6] - Normalized EBITDA for Q4 2024 was near breakeven at $(206,900), a significant improvement from $(3,344,056) in Q4 2023, attributed to successful integration efforts and cost synergies from the merger with Drone Delivery Canada [2][6][10] Financial Highlights - Total revenue for FY 2024 was CAD 27,147,414, a decrease from CAD 34,872,815 in FY 2023, with a focus on higher-margin services [6][10] - Gross profit for FY 2024 was CAD 9,556,299, with an overall gross margin increase from 32% in FY 2023 to 35% in FY 2024 [6][10] - The company realized approximately CAD 3,770,000 in cost synergies from the merger within four months [6][10] Operational Highlights - The active sales pipeline exceeds CAD 600 million, indicating strong future revenue potential [6] - Volatus completed acquisitions of UAVHub and The Drone Mentor, enhancing its operational capabilities [7] - The company expanded its global ecosystem into markets such as the UK, India, and Norway [7] Strategic Developments - A partnership was announced with DroneUp LLC to accelerate drone deliveries in the United States [11] - The company obtained Canada-wide approval for long-distance, remotely piloted BVLOS drone operations at night [11] - Volatus will host a webinar on May 2, 2025, to discuss financial results and major milestones [8]

Group 1 - Volatus Aerospace Inc. is conducting a non-brokered private placement of up to 16,666,667 units at a price of $0.12 per unit, aiming for gross proceeds of up to $2,000,000.04 [1][4] - Each unit consists of one common voting share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.20 for 36 months [2] - The net proceeds from the financing will be allocated for capital expenditures, inventory, and general corporate and working capital purposes [3] Group 2 - The financing is expected to close on or before May 9, 2025, subject to customary conditions and regulatory approvals [4] - The company may pay eligible finders a cash fee of up to 8% of the gross proceeds from the financing [4] - The offering is being conducted under the Listed Issuer Financing Exemption, meaning securities issued to Canadian residents will not be subject to a hold period [6] Group 3 - Volatus Aerospace is recognized for its innovative global aerial solutions, serving various industries including oil and gas, energy utilities, healthcare, public safety, and infrastructure [8] - The company focuses on enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [8]

Volatus Positioned as UAS Partner of Choice Following Successful Mission TestingTORONTO, April 24, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A3DP5Y / ABBA.F) is pleased to announce the successful completion of a demonstration order for a leading defense organization from a G-20 nation on April 23, 2025. The demonstration involved two mission profiles critical to modern defense operations: a Tactical Intelligence, Surveillance, and Target Acquisition (ISTA) missio ...

Volatus has been approved by Two Major North American Oil & Gas CompaniesTORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A3DP5Y/ABBA.F) is pleased to announce that last week it was approved by two leading North American oil and gas companies to provide drone-based aerial services in support of critical energy infrastructure. This approval follows a comprehensive flight operations review process conducted to validate Volatus’ operational readiness and ...

Core Insights - Volatus Aerospace Inc. has secured a one-year extension to its standing offer with the Canadian government, allowing it to provide UAV services until March 31, 2026 [1] - The extension follows the introduction of new BVLOS regulations, which are set to take effect on November 4, 2025, enabling advanced drone operations [2][3] - Volatus is positioned as a leader in the UAV industry, being the first service provider added to Canada's National Master Standing Offer in November 2020, and is qualified to handle multiple service streams [2] Company Overview - Volatus Aerospace is recognized for its innovative aerial solutions, leveraging over 100 years of combined aviation knowledge to serve various industries including oil and gas, utilities, healthcare, and public safety [4] - The company aims to enhance operational efficiency, safety, and sustainability through advanced aerial technologies [4] Regulatory Impact - The newly enacted BVLOS regulations represent a significant shift in the UAV industry, allowing for routine beyond visual line-of-sight operations, which will enhance Volatus' service delivery capabilities [3] - The company has also received authorization for nighttime BVLOS operations, further increasing its operational flexibility [2]

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO, April 11, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2JEQU) ("Volatus" or the “Company"), a leader in global aerial solutions, is pleased to announce a proposed shares-for-debt settlement aimed at enhancing shareholder value and strengthening the Company's balance sheet. Effective April 10, 2025, the Company has reached an agreement, subject to receipt o ...

This live, interactive event will allow investors to ask questions in real-time. For those unable to attend the live session, a recording will be made available afterward. Pre-registration is encouraged to streamline participation and ensure timely access to the event. Investors are also advised to run the online system check in advance to avoid any delays. For more information, visit www.virtualinvestorconferences.com. About Volatus Aerospace: TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace I ...

TORONTO, March 26, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc., (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: ABB) ("Volatus" or "the Company"), a leader in innovative aerial solutions, announces that it has received approval from Transport Canada to conduct long-distance, remotely piloted beyond visual line of sight (BVLOS) drone operations at night, across Canada in atypical airspace below 400 feet AGL over low density populations (less than 1,000 people sq/km). This approval enables Volatus to conduct criti ...

TORONTO, March 20, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A3DP5Y) ("Volatus" or "the Company"), a leading provider of aerial solutions, is excited to announce a new strategic partnership with RigiTech, a Swiss-based drone technology company. This collaboration aims to integrate RigiTech’s Eiger long-range delivery drone into Volatus' expanding drone delivery network, significantly enhancing its medical delivery capabilities across Canada and beyond. The Eiger ...

MONTREAL, March 18, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2JEQU) ("Volatus" or "the Company") a leader in aerial solutions, invites investors, customers, and current and future stakeholders to an exclusive webinar addressing today’s evolving geopolitical landscape on March 25 at 11:00 AM ET. The session will explore the challenges and opportunities arising from current global shifts, outline Volatus' strategic response, and highlight the critical role of its ...