Top Page
Drone Delivery Canada
(OTC:FLT)
Drone Delivery Canada (FLT) vs. iShares MSCI Canada ETF (EWC)
Drone Delivery Canada Business Overview & Revenue Model
Drone Delivery Canada Earnings Call Summary
Drone Delivery Canada Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.70M | 27.15M | 34.87M | 29.77M | 9.91M | 265.26K |
| Gross Profit | 10.03M | 9.56M | 11.14M | 8.35M | 2.53M | 4.32K |
| EBITDA | -6.72M | -5.91M | -4.46M | -3.03M | -2.87M | 435.79K |
| Net Income | -15.66M | -13.14M | -9.46M | -4.62M | -3.68M | 440.10K |
Balance Sheet | ||||||
| Total Assets | 60.62M | 57.80M | 26.88M | 19.75M | 32.96M | 29.37M |
| Cash, Cash Equivalents and Short-Term Investments | 6.13M | 1.56M | 1.68M | 15.30M | 27.67M | 23.46M |
| Total Debt | 22.43M | 24.07M | 18.73M | 220.01K | 410.60K | 484.14K |
| Total Liabilities | 30.34M | 31.47M | 24.34M | 1.23M | 2.20M | 2.27M |
| Stockholders Equity | 31.98M | 27.28M | 3.31M | 18.52M | 30.76M | 27.10M |
Cash Flow | ||||||
| Free Cash Flow | -16.44M | -13.88M | -3.39M | -12.12M | -12.57M | -9.01M |
| Operating Cash Flow | -14.33M | -12.43M | -1.65M | -11.94M | -11.89M | -8.35M |
| Investing Cash Flow | -703.28K | -664.71K | -2.03M | -176.99K | -687.37K | -658.24K |
| Financing Cash Flow | 20.40M | 13.40M | 1.68M | -256.06K | 16.78M | 22.70M |
Drone Delivery Canada Technical Analysis
Drone Delivery Canada Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $331.70M | ― | -69.07% | ― | -13.54% | -73.50% | |
49 Neutral | C$61.56M | -2.36 | -128.45% | ― | 40.92% | -27.42% | |
45 Neutral | C$350.36M | ― | -103.09% | ― | 4577.62% | -34.72% | |
38 Underperform | C$26.36M | -200.00 | -10.10% | ― | -13.50% | 96.77% | |
27 Underperform | C$1.26M | -4.90 | ― | ― | ― | 15.67% |
Drone Delivery Canada Corporate Events
Volatus Aerospace Inc. has announced a $20 million bought deal public offering, with Stifel Nicolaus Canada Inc. acting as the lead underwriter. The proceeds from this offering will be used for the development of the Mirabel Manufacturing Hub, drone technology research for the defense sector, potential defense-related acquisitions, and general corporate purposes. This move is expected to enhance Volatus’s operational capabilities and strengthen its position in the aerospace industry, particularly in defense-related applications.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace Inc. announced a restatement of its Q2 2025 financial results due to a one-time non-cash accounting adjustment related to restructuring its balance sheet. This adjustment, amounting to $2,231,202, does not affect the company’s revenue, gross margin, or cash position, reflecting the company’s commitment to transparency and sustainable growth. The restatement aims to strengthen the company’s financial position without impacting its operational metrics, highlighting its focus on maintaining robust corporate governance.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace has acquired advanced RPAS technologies from Caliburn Holdings, enhancing Canada’s sovereign aerospace capabilities and supporting allied defense requirements. This acquisition includes scalable UAS platforms with long-endurance capabilities, which will be manufactured at Volatus’s new Mirabel facility, aligning with national defense priorities and expanding domestic manufacturing capacity.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace Inc. announced plans to establish the Volatus Mirabel Innovation Centre and Drone Manufacturing Hub at Montréal–Mirabel International Airport. This initiative will enhance Canada’s defence readiness and support NATO allies by expanding sovereign drone capacity. The facility, supported by Aéroports de Montréal, will enable serial production of Canadian-built drones to meet domestic defence and allied market needs. This move aligns with Canada’s recent priorities to strengthen domestic defence capabilities and secure supply chains, signaling a growing demand for Canadian-made drone solutions.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace Inc. has announced its participation in the 2025 Maxim Growth Summit, an event that gathers industry leaders and innovators to discuss the latest trends and advancements across various sectors. The participation of Volatus, represented by CEO Glen Lynch and CFO Abhinav Singhvi, in one-on-one meetings with institutional investors and senior Maxim analysts, underscores the company’s strategic efforts to strengthen its industry positioning and engage with key stakeholders in the aerial intelligence and unmanned aircraft systems market.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace has partnered with ARCO Worldwide Services to deliver professional drone training programs in Nigeria through ARCO Aviation Academy. This collaboration aims to align Nigeria’s drone pilot training with international standards and enhance the country’s position in the West African drone industry by empowering a new generation of certified drone professionals.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace Inc. announced its participation in the 2025 Cantech Letter Investment Conference in Toronto, where CEO Glen Lynch and CFO Abhinav Singhvi will present to investors and engage in one-on-one meetings. The company was recently recognized as the ‘Top Growth Story’ at the Peterson Capital Canada Growth Conference in Dublin, enhancing its visibility among international investors. Additionally, Volatus has increased its stake in Synergy Aviation Ltd. to 58.47%, further solidifying its position in the industry.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace and VoltaXplore have signed a Letter of Intent for the supply of Canadian-made lithium-ion battery cells to power Volatus’ next-generation drones. This strategic partnership enhances Volatus’ product differentiation and supply chain security while supporting VoltaXplore’s entry into the aerospace market. The collaboration aligns with Canada’s focus on building domestic industrial capabilities, fostering innovation, and creating skilled jobs, thereby strengthening the national defense industrial base.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace Inc. has expanded its NATO ISR drone contract by C$700,000, bringing the total value to approximately C$1.7 million. Deliveries of the drone systems have commenced and are expected to be completed by September 2025. This contract expansion underscores the customer’s confidence in Volatus’ ability to provide mission-critical ISR solutions and solidifies the company’s position as a trusted defense partner, meeting the growing demand for scalable and cost-effective ISR capabilities among NATO member states.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace has secured a multi-year agreement with a major North American power utility to provide drone-based inspection, mapping, and data services for 100,000 miles of transmission and distribution lines. This contract positions Volatus to expand its presence in the utility inspection market, potentially generating CAD $15 million in revenue and reflecting the growing role of drones in utility asset management.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace Inc., a leader in aerial solutions, provides innovative global aerial solutions for intelligence and cargo, serving industries such as oil and gas, utilities, healthcare, and public safety.
Volatus Aerospace has received a Special Flight Operations Certificate from Transport Canada, allowing it to conduct advanced BVLOS operations using MatrixSpace’s next-generation radar integrated with Kongsberg Geospatial’s IRIS Terminal platform. This approval enhances Volatus’ competitive edge by enabling scalable, autonomous drone services, expanding its market reach in infrastructure security, utilities, and industrial monitoring. The global drone-in-a-box market is expected to grow significantly, highlighting the commercial potential of Volatus’ subscription-based drone services.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace has announced a strategic partnership with Ki Reforestation to utilize the Condor XL Remotely Piloted helicopter for large-scale aerial seeding operations, aiming to address the challenges of reforestation in Canada’s fire-impacted landscapes. This collaboration marks a significant step in automating reforestation efforts, with the Condor XL’s capabilities enabling rapid and cost-effective reforestation, supporting Canada’s 2 billion Trees Program and aligning with international climate goals. The initiative also presents a potential opportunity in the carbon credit market, with commercial operations expected to begin in 2026.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace reported strong financial results for Q2 2025, with a 49% increase in revenue to $10.6 million and a significant improvement in adjusted EBITDA loss. The company achieved major operational milestones, including regulatory advancements for national-scale BVLOS operations and securing new contracts in defense and agriculture. These developments, along with strategic financing, have strengthened Volatus’ liquidity and positioned it for continued growth in the defense sector and commercialization of its proprietary systems.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Volatus Aerospace has announced a corporate update, emphasizing its strong financial position and expanding international contracts, aligning with Canada’s defense and industrial priorities. The company is strategically positioned to lead in the aerospace and defense technology sector, with a focus on converting its $600 million sales pipeline into long-term contracts, accelerating domestic capacity, and addressing real-world challenges for clients and partners. With approximately $20 million in cash and strong working capital, Volatus is poised for disciplined growth and long-term leadership. The company has secured multiple regulatory approvals, expanded its addressable market, and formed strategic partnerships to enhance its capabilities in surveillance, heavy-lift cargo, and geospatial markets. Volatus is advancing its mission to deliver innovative aerial solutions for intelligence, cargo, and environmental applications, committed to profitable growth and creating enduring shareholder value.
Volatus Aerospace Inc. has successfully closed a bought deal private placement offering, raising $4.83 million through the sale of 9,288,462 units. The funds will be used to expand into the defense business segment, increase drone system inventory to meet growing demand in the U.S., Canada, and internationally, and for general corporate purposes. This move, supported by strong institutional investor confidence, is expected to bolster Volatus’ market position and operational capabilities.