ZenaTech Q2 Revenue Soars 316% to $9.3M, DaaS Drives Growth
ZENA sits 24% above its 52-week low of $1.15 on light trading volume (0.3× avg).
Summary
ZenaTech reported Q2 revenue of $9.3M, up 316% YoY, and H1 revenue of $17.7M, up 425%, driven by its Drone as a Service segment which contributed 93% of total revenue. The company also disclosed a net loss of $22.5M for the quarter, reflecting heavy investment in scaling its AI drone platforms. Cash grew to $12.2M and total assets to $149.2M, while the company was added to the Russell 3000 Index in June. The results follow a series of acquisitions and product milestones, including four new DaaS deals in Q2 and progress on Blue UAS certification. The strong top-line growth and index inclusion are notable, but the widening net loss and ongoing dilution from the ATM program remain key risks.
At the time of this announcement, ZENA was trading at $1.43 on NASDAQ in the Technology sector, with a market capitalization of approximately $128.4M. The 52-week trading range was $1.15 to $7.11. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.