Core Viewpoint - Volatus Aerospace Inc. is hosting an AI & Technology Virtual Investor Conference on April 3rd, 2025, to discuss its strategic growth plans and partnerships in the remotely piloted aircraft systems (RPAS) sector [1][2]. Company Overview - Volatus Aerospace is recognized as a leader in innovative global aerial solutions, focusing on intelligence and cargo operations. The company has over 100 years of combined institutional knowledge in aviation and serves various industries, including oil and gas, utilities, healthcare, and public safety [4]. Event Details - The conference will feature a live presentation by CEO Glen Lynch, covering the company's growth strategies, RPAS initiatives, and recent partnerships with firms like Kongsberg Geospatial, Dufour, RigiTech, DroneUp, and Ondas Holdings [2]. - The event is scheduled for April 3rd, 2025, at 10:00 AM EST, and will allow real-time questions from investors. A recording will be available for those unable to attend live [2][3]. Participation Information - Pre-registration is encouraged to facilitate participation and ensure timely access to the event. Investors are advised to conduct an online system check in advance to avoid delays [3].

Core Points - Volatus Aerospace Inc. has received approval from Transport Canada for long-distance, remotely piloted beyond visual line of sight (BVLOS) drone operations at night across Canada [1][2] - This approval allows for critical nighttime operations such as border surveillance, facility security, search and rescue, thermal detection for wildfires, and cargo delivery [1][2][3] - The company aims to secure multiple Canada-wide Special Flight Operations Certificates (SFOCs) to expand its operational capabilities in key sectors like pipeline inspections and utility transmission [4] Company Overview - Volatus Aerospace is a leader in innovative aerial solutions, providing services using both piloted and remotely piloted aircraft systems (RPAS) [5] - The company serves various industries including oil and gas, utilities, healthcare, and public safety, focusing on enhancing operational efficiency, safety, and sustainability [5]

Core Insights - Volatus Aerospace has formed a strategic partnership with RigiTech to integrate the Eiger long-range delivery drone into its drone delivery network, enhancing medical delivery capabilities across Canada and beyond [1][3] - The Eiger drone can carry payloads of 3 kg for distances up to 100 km, making it suitable for Volatus' medical delivery services [2] - This collaboration allows Volatus to extend delivery distances and cater to more remote and underserved locations, complementing its existing local delivery services [3] Company Overview - Volatus Aerospace is a leader in aerial solutions, providing services for various industries including oil and gas, utilities, healthcare, and public safety [5] - The company operates two drone delivery services in Canada, with all flights managed remotely from its Operations Control Center in Vaughan [3] - RigiTech specializes in drone technology for logistics and delivery, focusing on creating efficient drones tailored to client needs [6] Strategic Importance - The partnership with RigiTech is seen as a significant step in transforming logistics through drone technology, leveraging Volatus' remote operating experience and infrastructure [4] - Volatus plans to discuss the strategic importance of partnerships in navigating geopolitical shifts during an upcoming webinar [4]

Core Insights - Volatus Aerospace Inc. is hosting a webinar on March 25 to discuss the evolving geopolitical landscape and its strategic responses [1][2] - The company is focusing on mitigating challenges from recent tariffs and trade policies between Canada and the US through diversified supply chains and international partnerships [2][3] - Recent partnerships with Kongsberg Geospatial, Dufour, and Ondas Holdings are aimed at accelerating the commercialization of RPAS technologies [3][4] Company Strategy - The company emphasizes the importance of diversifying its supply chain and enhancing collaborations with allied nations to stay competitive [3] - Volatus aims to safeguard its operations and prepare for future market expansions by aligning with partners committed to innovation and regulatory compliance [3][5] - The strategic partnerships are not only enhancing technological capabilities but also expanding market reach and operational capabilities globally [4][5] Industry Context - The webinar will provide insights into how Volatus is navigating geopolitical shifts and positioning itself for robust growth and innovation in the RPAS market [5] - The company serves various industries, including oil and gas, utilities, healthcare, and public safety, focusing on enhancing operational efficiency, safety, and sustainability [6]

Revenue and Income - Net revenues for 2024 reached $3,974,589, an increase of 5.8% compared to $3,757,719 in 2023[432] - Net income attributable to Corpay for 2024 was $1,003,746, reflecting a growth of 2.9% from $981,890 in 2023[432] - Basic earnings per share attributable to Corpay rose to $14.27, up from $13.42, marking an increase of 6.3%[432] - Consolidated revenues for the year ended December 31, 2024, were $3,974.6 million, representing an increase from $3,757.7 million in 2023 and $3,427.1 million in 2022[519] - Revenues from contracts with customers accounted for approximately 85% of consolidated revenues for both 2024 and 2023[517] - Vehicle Payments segment generated $2,008.8 million in revenue for 2024, slightly up from $2,005.5 million in 2023[519] - Corporate Payments segment saw significant growth, with revenues increasing to $1,221.9 million in 2024 from $981.1 million in 2023, marking a 24.5% increase[519] - Float revenue from invested customer funds represented approximately 3% of consolidated revenues in 2024, up from 2% in 2023[518] Assets and Liabilities - Total assets increased to $17,957,031, up from $15,476,252, representing a growth of 16.0% year-over-year[429] - Total current liabilities increased to $8,707,881, compared to $6,825,753 in the previous year, a rise of 27.5%[430] - Total stockholders' equity decreased to $3,145,989 from $3,282,359, a decline of 4.2%[430] - The Company reported net accounts and securitized accounts receivable of $3.414 billion as of December 31, 2024, compared to $3.469 billion in 2023[497] - The Company’s total gross receivables decreased to $3.547 billion in 2024 from $3.649 billion in 2023[497] - Total assets measured at fair value as of December 31, 2024, were $2,168.2 million, with total liabilities at $739.4 million[530] Goodwill and Impairment - The company recognized a goodwill impairment loss of $90 million related to the Payroll Card reporting unit in 2024, with total goodwill at $6.0 billion[421] - The Company recognized a goodwill impairment loss of $90 million related to the Payroll card reporting unit due to decreased usage and increased costs of capital[462] - The Company has approximately $57 million of goodwill remaining related to the Payroll card reporting unit following the impairment[462] - Goodwill increased to $5.98 billion by December 31, 2024, reflecting acquisitions and adjustments, with $383.9 million attributed to recent acquisitions[565][567] Debt and Interest Rates - The company had $6.7 billion of variable rate debt outstanding as of December 31, 2024, an increase from $5.4 billion in 2023[405] - A 100 basis point change in market interest rates would have changed interest expense by approximately $22 million in 2024 and $14 million in 2023[406] - Total debt increased to $7.996 billion in 2024 from $6.723 billion in 2023, representing a 18.9% increase[579] - Term Loan A interest rate decreased to 5.83% in 2024 from 6.83% in 2023, while Term Loan B interest rate decreased to 6.11% from 7.21%[582] - The effective interest rate incurred on term loans was 6.87% during 2024[584] Cash Flow and Investments - Net cash provided by operating activities decreased to $1,940,565 in 2024 from $2,101,132 in 2023, a decline of 7.7%[442] - Total cash and cash equivalents at the end of 2024 increased to $4,456,345 from $3,141,535 in 2023, representing a growth of 42.0%[442] - The Company made a $37.4 million investment in a joint venture with a Brazilian bank in 2021, classified as an equity method investment[466] - The Company capitalized software costs of $136.3 million, $128.0 million, and $120.5 million in 2024, 2023, and 2022, respectively[469] - Cash paid for interest increased to $496,098 in 2024 from $448,384 in 2023, reflecting an increase of 10.6%[442] Foreign Currency and Exchange Rates - International revenues accounted for 47.7% of total revenues in 2024, up from 45.6% in 2023[403] - A hypothetical 10% change in foreign currency exchange rates could have impacted consolidated operating income by approximately $97.8 million in 2024, compared to $86.0 million in 2023[403] - The company reported a foreign currency translation loss of $496,534 in 2024, compared to a gain of $140,089 in 2023[436] - The Company recorded net foreign exchange losses of $9.2 million in 2024, compared to $4.8 million in 2023[477] - The Company reported foreign currency losses on long-term intra-entity transactions of $132.0 million in 2024[477] Acquisitions - The acquisitions of Paymerang and GPS Capital Markets, LLC were completed for total estimated purchase consideration of $179.2 million and $576.2 million, respectively[424] - In 2024, the Company acquired 70% of Zapay for approximately $59.5 million, with goodwill recorded at approximately $73.2 million[553] - The Company acquired 100% of Paymerang for approximately $179.2 million, with goodwill recorded at approximately $308.1 million[554] - The total consideration paid for the 2024 acquisitions was approximately $814.9 million, net of cash and cash equivalents of $509.0 million[556] Taxation - The total provision for income taxes for 2024 was $381,381 thousand, representing an increase from $343,115 thousand in 2023 and $321,333 thousand in 2022[592] - The computed "expected" tax expense for 2024 was $290,877 thousand, reflecting a tax rate of 21.0% consistent with the previous two years[592] - The valuation allowance decreased by $52.8 million in 2024, primarily due to the release of a deferred tax asset related to foreign tax credits[595] - The unrecognized tax benefits at December 31, 2024, increased to $95,460 thousand from $63,106 thousand in 2023[598] - The accumulated interest and penalties related to unrecognized tax benefits were $36.8 million as of December 31, 2024, compared to $30.7 million in 2023[597]

TORONTO and BOSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2JEQU) ("Volatus" or "the Company") and Boston-based Ondas Holdings Inc. (Nasdaq: ONDS) announced today a strategic partnership through Ondas' subsidiary, American Robotics, Inc. (“American Robotics”). Through this partnership, Volatus Aerospace will market and support American Robotics’ Optimus System – a state-of-the-art, fully autonomous drone platform designed to provide persistent, 24/7 ...

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