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ZenaTech to Provide an Update on its Global Drone as a Service Expansion and Defense Sector Progress at Three Upcoming Investor Conferences
Globenewswire· 2026-01-15 12:45
Core Insights - ZenaTech, Inc. has been invited to present at three upcoming investor conferences, highlighting its focus on AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions [1][4] - The company aims to update investors on its global DaaS expansion and progress in the defense sector, along with key industry and regulatory trends that support its business growth [1] Conference Details - The Emerging Growth Conference will take place virtually on January 21-22, 2026, connecting growth-oriented public companies with institutional and individual investors [2] - The DealFlow Discovery Conference is scheduled for January 27-29, 2026, at the Borgata Hotel Casino & Spa in Atlantic City, New Jersey, focusing on structured presentations and one-on-one meetings with institutional investors [2] - The Noble Capital Markets Emerging Growth Virtual Equity Conference will occur on February 5, 2026, providing public companies with direct access to institutional and accredited investors [3] Company Overview - ZenaTech specializes in AI drone technology, DaaS, enterprise SaaS, and Quantum Computing solutions for mission-critical applications, with a focus on improving operational efficiencies across various sectors [4] - The company has developed a range of drone solutions through its subsidiary, ZenaDrone, which includes the ZenaDrone 1000 for crop management and defense applications, and the IQ Nano for inventory management and security [5] - ZenaTech operates globally with offices in North America, Europe, Taiwan, and the UAE, and is expanding its DaaS business through acquisitions [4]
ZenaTech Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025
Globenewswire· 2025-05-15 11:30
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]