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Volatus Aerospace Releases Q2 2025 Financial Results
Globenewswireยท 2025-08-20 21:00
Core Insights - Volatus Aerospace Inc. reported strong financial growth in Q2 2025, with revenue increasing by 49% year-over-year to CAD 10,587,075, driven by robust demand in equipment and services [2][7][8] - The company achieved a significant improvement in adjusted EBITDA loss, narrowing it by 85% year-over-year to CAD 276,259, reflecting operational efficiency and cost discipline [2][8] - Liquidity strengthened with a current cash balance of approximately CAD 20 million following recent financing events, supporting ongoing operational and strategic initiatives [2][7][8] Financial Highlights - Revenue for Q2 2025 was CAD 10,587,075, up from CAD 7,121,993 in Q2 2024, with equipment sales growing 104% quarter-over-quarter and services up 71% [8] - Gross profit reached CAD 3,375,420, resulting in a gross margin of 32%, slightly down from 35% in Q2 2024 due to a higher proportion of equipment sales [8] - The adjusted EBITDA loss of CAD 276,259 marked an 85% improvement compared to CAD 1,852,178 in Q2 2024, indicating better scale and service growth [8] Operational Highlights - The company secured a one-year extension of a federal standing offer, ensuring continued access to federal contracts, and obtained clearances for pipeline surveillance from major oil and gas firms [8] - Volatus completed a defense demonstration for a G-20 client and entered collaborations for large-scale tree planting and multispectral crop surveys across multiple provinces [8] - The company advanced its commercialization efforts with BVLOS medical deliveries and secured a CAD 560,000 international training contract with a NATO member [8] Strategic Outlook - Volatus is positioning itself to capture growing domestic demand in defense, public safety, and Arctic surveillance, aligning with Canada's increased defense spending [7][8] - The company aims to enhance its operational capabilities and expand its market presence through disciplined execution and strategic partnerships [6][7]