Core Insights - ZenaTech, Inc. reported a strong financial performance in Q1 2025, with revenues nearly doubling, up 92% to $1.13 million compared to $591,379 in Q1 2024, driven by acquisitions and organic growth in software and drone segments [3][6] - The company launched its Drone as a Service (DaaS) business segment, aiming for a national and global presence [3][4] - ZenaTech is focused on long-term growth investments, which led to an increase in general and administrative expenses to $5.75 million in Q1 2025 from approximately $0.7 million in Q1 2024 [6] Financial Performance - Total revenues for Q1 2025 reached $1.13 million, a 92% increase from $591,379 in Q1 2024 [6] - General and administrative expenses rose to $5.75 million in Q1 2025, primarily due to investments in sales and marketing, new hires, and professional services [6] Business Development - The DaaS segment grew through the acquisition of two land survey drone servicing companies, Weddle Surveying and KJM Land Surveying, and five additional Letters of Intent for acquisitions were signed during the quarter [6] - ZenaTech acquired Othership, a UK workplace management software company, to enhance its enterprise SaaS offerings [6] Product Development - ZenaDrone finalized the third-generation design of the ZenaDrone 1000 and moved the IQ Square drone from prototype to manufacturing [6] - The company is developing a heavy-lift gas-powered ZD 1000 model for US defense applications and has commenced testing on a new high-density drone battery and proprietary communications system [6] Strategic Positioning - ZenaTech aims to disrupt legacy businesses, such as land surveys, through its DaaS model and has a pipeline of over 20 acquisitions planned for the next 12 months [4] - The company is preparing for Green UAS and Blue UAS certification to sell to the US Military and is implementing necessary cybersecurity practices [6]