Volatus Aerospace (TSXV:VOL) - Stock Price, News & Analysis

VOL Stock Overview

Provides integrated drone solutions for commercial and defense markets in Canada, the United States, and the United Kingdom.

About the company

VOL fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 40.8% per year over past 5 years

Negative shareholders equity

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$31M)

+ 1 more risk

Volatus Aerospace Corp. Competitors

Global Crossing Airlines Group

NEOE:JET

CA$40.5m

Transat A.T

TSX:TRZ

CA$74.1m

Chorus Aviation

TSX:CHR

CA$538.0m

Exchange Income

TSX:EIF

CA$2.3b

Price History & Performance

Summary of all time highs, changes and price drops for Volatus Aerospace
Historical stock prices
Current Share Price	CA$0.25
52 Week High	CA$0.33
52 Week Low	CA$0.08
Beta	0.93
11 Month Change	13.64%
3 Month Change	-1.96%
1 Year Change	19.05%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-58.33%

Recent updates

Volatus Aerospace Corp.'s (CVE:VOL) Business Is Yet to Catch Up With Its Share Price

Mar 27

Does Volatus Aerospace (CVE:VOL) Have A Healthy Balance Sheet?

Jan 24

Shareholder Returns

	VOL	CA Airlines	CA Market
7D	13.6%	1.7%	0.3%
1Y	19.0%	-11.2%	12.8%

Return vs Industry: VOL exceeded the Canadian Airlines industry which returned -12.7% over the past year.

Return vs Market: VOL exceeded the Canadian Market which returned 13.6% over the past year.

Price Volatility

Is VOL's price volatile compared to industry and market?
VOL volatility
VOL Average Weekly Movement	13.2%
Airlines Industry Average Movement	7.2%
Market Average Movement	8.0%
10% most volatile stocks in CA Market	16.7%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: VOL's share price has been volatile over the past 3 months.

Volatility Over Time: VOL's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Glen Lynch	volatusaerospace.com

Volatus Aerospace Corp. provides integrated drone solutions for commercial and defense markets in Canada, the United States, and the United Kingdom. The company offers drone services, aerial surveillance, cargo solutions, confined space inspection, drone lidar inspection, drone inspection, and wildfire services. It also operates Aerieport drone nesting station, as well as engages in equipment financing business.

Volatus Aerospace Corp. Fundamentals Summary

How do Volatus Aerospace's earnings and revenue compare to its market cap?
VOL fundamental statistics
Market cap	CA$31.42m
Earnings (TTM)	-CA$9.41m
Revenue (TTM)	CA$32.52m

1.0x

P/S Ratio

-3.3x

P/E Ratio

Is VOL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VOL income statement (TTM)
Revenue	CA$32.52m
Cost of Revenue	CA$21.98m
Gross Profit	CA$10.54m
Other Expenses	CA$19.95m
Earnings	-CA$9.41m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.075
Gross Margin	32.41%
Net Profit Margin	-28.94%
Debt/Equity Ratio	-901.4%

How did VOL perform over the long term?

See historical performance and comparison

VOL Stock Overview

Rewards

Risk Analysis

Volatus Aerospace Corp. Competitors

NEOE:JET

CA$40.5m

TSX:TRZ

CA$74.1m

TSX:CHR

CA$538.0m

TSX:EIF

CA$2.3b

Price History & Performance

Recent News & Updates

Drone Delivery Canada Corp. (TSXV:FLT) completed the acquisition of Volatus Aerospace Corp. (TSXV:VOL).

Second quarter 2024 earnings released: CA$0.016 loss per share (vs CA$0.021 loss in 2Q 2023)

Volatus Aerospace Corp., Annual General Meeting, Jul 30, 2024

New major risk - Negative shareholders equity

Volatus Aerospace Corp. announced that it expects to receive CAD 0.98 million in funding

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Recent updates

Drone Delivery Canada Corp. (TSXV:FLT) completed the acquisition of Volatus Aerospace Corp. (TSXV:VOL).

Second quarter 2024 earnings released: CA$0.016 loss per share (vs CA$0.021 loss in 2Q 2023)

Volatus Aerospace Corp., Annual General Meeting, Jul 30, 2024

New major risk - Negative shareholders equity

Volatus Aerospace Corp. announced that it expects to receive CAD 0.98 million in funding

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Volatus Aerospace Corp.'s (CVE:VOL) Business Is Yet to Catch Up With Its Share Price

New minor risk - Share price stability

Volatus Aerospace Receives FAA Approval for Commercial Agricultural Aircraft Operations with Drones

New major risk - Market cap size

Does Volatus Aerospace (CVE:VOL) Have A Healthy Balance Sheet?

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

New minor risk - Share price stability

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Volatus Aerospace Corp. (TSXV:VOL) agreed to acquire a remaining minority stake in Volatus Unmanned Services Inc.for CAD 2.4 million

Volatus Aerospace Corp. Receives Transport Canada Special Authority to Operate Heavy Crop Spraying Drones Weighing over 25 Kg Anywhere in Canada

Volatus Aerospace Corp. announced that it has received CAD 2.646 million in funding

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Canadian Transportation Agency Issues Volatus Aerospace Corp. License for Domestic Service

Volatus Aerospace Corp. (TSXV:VOL) completed the acquisition of Empire Drone Company LLC.

Volatus Aerospace Corp. Introduces All-Terrain Robotic Crawler, Hydra

Volatus Aerospace Corp. (TSXV:VOL) signed an arms length definitive agreement to acquire Empire Drone Company LLC for $1.2 million.

Less than half of directors are independent

Volatus Aerospace Corp. (TSXV:VOL) completed the acquisition of 51% stake in iRed Limited.

Third quarter 2022 earnings released: CA$0.013 loss per share (vs CA$0.024 loss in 3Q 2021)

Volatus Aerospace Corp. to Report Q3, 2022 Results on Nov 07, 2022

Volatus Aerospace Corp. (TSXV:VOL) entered into an arm's length definitive agreement to acquire 51% stake in Ired Limited for £0.1 million.

Volatus Aerospace Corp. (TSXV:VOL) entered into an arm's length definitive agreement to acquire 51% stake in Synergy Aviation Ltd for CAD 2.29 million.

Volatus Aerospace Corp. has completed a Composite Units Offering in the amount of CAD 4.021852 million.

Volatus Aerospace Corp. has completed a Composite Units Offering in the amount of CAD 4.021852 million.

Second quarter 2022 earnings released

Volatus Aerospace Obtains Industry First Special Flight Operations Certificate for Beyond Visual Line of Sight Operations Without A Visual Observer

Volatus Aerospace Corp. announced that it expects to receive CAD 0.500004 million in funding

Volatus Aerospace Corp. Provides Earnings Guidance for the Fiscal Year 2022

Volatus Aerospace Corp Appoints Andrew Leslie to Its Board of Directors

Volatus Aerospace Corp. (TSXV:VOL) acquired Canadian Air National Inc.

No independent directors

Volatus Aerospace Corp. to Report Q4, 2021 Results on Apr 28, 2022

Volatus Aerospace Corp. (TSXV:VOL) completed the acquisition of MVT Geo-Solutions Inc. for CAD 1 million.