ZenaTech reports 7% revenue increase, focusing on AI drone solutions and global expansion
From GlobeNewswire: 2025-04-01 11:12:00
ZenaTech, Inc. (Nasdaq: ZENA) announces its 2024 financial results with a 7% revenue increase to $1.96 million. Comprehensive loss was ($4.04 million) due to one-time costs. Assets increased to $34.6 million, liabilities rose to $12.8 million, and the debt to total capitalization ratio is 31%. The company expects to finance operations for the next 12 months.
Chairman and CEO Shaun Passley, Ph.D., expresses gratitude to shareholders for their support. ZenaTech has focused on AI drone solutions for commercial and defense markets, serving enterprise SaaS customers and launching Drone as a Service (DaaS). The company has expanded globally, offering innovative drone solutions and acquiring patents for improved designs and autonomous features.
ZenaTech introduces a Drone as a Service (DaaS) model, providing subscription-based drone technology solutions for various industries. The company is pursuing an acquisition strategy to accelerate growth, with over 20 acquisitions in progress, primarily targeting the land survey industry. By expanding its offerings and footprint, ZenaTech aims to revolutionize the drone industry and drive significant revenue growth.
To meet regulatory requirements and expand into government markets, ZenaTech is pursuing UAS certifications and establishing a compliant manufacturing division in Taiwan. The company is also focused on personnel expansion to enhance production capabilities and product development. By listing shares on foreign stock exchanges, ZenaTech aims to increase exposure and attract investors globally, further strengthening its position in the market.
ZenaTech continues to innovate in AI drone technology, offering enterprise SaaS solutions, and expanding its presence in various sectors. With a strong focus on growth and strategic acquisitions, the company is positioned for success in the evolving drone industry. For more information, visit ZenaTech’s website or contact the company directly.
Read more at GlobeNewswire:: ZenaTech’s 2024 Financial Results and CEO Letter to