ZenaTech Guides Q3 Revenue to C$13.4M-C$14.8M, Up Sharply YoY
ZENA is trading near its 52-week low of $0.954 (14% above the low).
Summary
ZenaTech issued Q3 revenue guidance of C$13.4M to C$14.8M, implying continued strong growth from its Drone as a Service acquisitions. This follows Q2 revenue of $9.3M (up 316% YoY) and H1 revenue of $17.7M (up 425%). The guidance range suggests sequential acceleration, though the company has also been aggressively diluting shareholders via its ATM facility. The market will weigh the growth against the near doubling of shares outstanding disclosed in late September.
Updates
· SEC 6-K — ZenaTech's 6-K includes exhibits on ZenaDrone 2000 flight testing, mobile drone operations trailer, Stacklens smart safety glasses, and 27.1% organic DaaS growth.
At the time of this announcement, ZENA was trading at $1.09 on NASDAQ in the Technology sector, with a market capitalization of approximately $219.5M. The 52-week trading range was $0.95 to $7.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.