New Risk • May 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$85.9m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$14m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$85.9m market cap). Announcement • May 17
ZenaTech, Inc. has filed a Follow-on Equity Offering. ZenaTech, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 11,792,455
Price\Range: $2.12
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 11,792,455
Transaction Features: Registered Direct Offering Live News • May 16
ZenaTech Advances Counter-Drone Ambitions With US$25 Million Raise and Ukraine Manufacturing Expansion ZenaTech completed the airframe build of its ZenaDrone 2000 heavy-lift interceptor, with systems integration underway and initial field flight testing planned by the end of Q3 2026.
The company launched a registered direct offering to raise about US$25m through 11,792,455 common shares with matching warrants, which will add liquidity but also dilute existing shareholders.
ZenaTech set up a Ukrainian subsidiary, Phoenix Aero LLC in Lviv, to act as a production base for its counter-drone and interceptor systems targeting defense customers in Gulf Cooperation Council countries.
Taken together, these updates indicate ZenaTech is progressing from concept toward deployment in the counter-drone market, while also arranging capital and manufacturing capacity to support that effort.
You should weigh the potential access to a reported US$20b counter-drone market against execution risks, shareholder dilution from the new offering and the operational complexity of running production in a conflict-affected region. New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 113% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$46m free cash flow). Earnings have declined by 113% per year over the past 5 years. Shareholders have been substantially diluted in the past year (121% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$12m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • May 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CA$1.32 loss per share (further deteriorated from CA$0.18 loss in FY 2024). Revenue: CA$12.9m (up CA$10.9m from FY 2024). Net loss: CA$45.2m (loss widened CA$40.7m from FY 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 61%. Announcement • Apr 18
Zenatech Inc. Zenadrone Showcases Ai Defense Drones and Solutions At Defense Tradeshows ZenaTech, Inc. announced that its business development and leadership teams of its drone subsidiary ZenaDrone will participate in a series of upcoming defense and security tradeshow exhibits and conference events. ZenaDrone’s teams will expand relationships leading to future possible pilot programs and procurement contracts with U.S. government and defense agencies, and showcase the company’s AI drone solutions designed to address evolving global security and defense operation challenges. This includes ISR (Intelligence, Surveillance and Reconnaissance) systems, medium-sized heavy lift cargo drone, indoor inventory drone, and advancements in its counter-UAS defence systems, interceptor, and underwater drones. ZenaDrone teams will strengthen relations and conduct meetings with U.S. defense stakeholders, as well as gain insights into evolving defense priorities and procurement strategies. ZenaDrone has been selected to present the company’s drone solutions at this upcoming showcase event which includes an active ecosystem of defense industry professionals that support the growth and development of deep-tech & dual-use technologies. These showcases bring innovative technology to the U.S. government through presentations to a selected panel of government agency stakeholders including the Air Force, defense industry thought leaders, and defense technology investors. ZenaDrone will exhibit its solutions and present at the conference. The event includes dedicated robotics and autonomy discussions centered on unmanned systems integration for defense applications. ZenaTech’s ZenaDrone team will exhibit its drone solutions and will engage with military leaders, defense agency officials, and industry partners. Currently, the ZenaDrone 1000 drone is used for crop management applications and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, the IQ Square is an outdoor drone designed for power washing and inspections use in commercial and government sectors, and the IQ Quad is for land surveys. Announcement • Mar 25
ZenaTech Develops Integrated Counter-Uas System Pairing Interceptor P-1 Drone with Zena Ai Detection and Swarm Command Software ZenaTech, Inc. commenced development of an integrated counter-UAS system consisting of a software platform and architecture for its counter-UAS hardware and defense system. The platform is intended to exclusively connect the ZenaDrone Interceptor P-1 single-use, low-cost autonomous interceptor drone and the ZenaDrone 2000 Maritime Interceptor drone, with an AI software platform that will be developed by its U.S. Zena AI division. The intended goal is to deliver a complete, AI-directed counter-UAS ecosystem for detecting and classifying airborne threats and autonomously commanding fleets to defeat them. The Zena AI-developed Counter-UAS platform is intended to function as a single AI software system with two core functionalities that are purpose-built for the Interceptor P-1 and ZenaDrone 2000 drones. This consists of a Threat Tracking System, intended to detect, identify, and track hostile slow-moving drones in real time, and a Swarm Intelligence Coordination Platform, intended to autonomously direct fleets of either of the ZenaDrone drone platforms to intercept and defeat the targets. The development is expected to be led by the company’s Zena AI division in Baton Rouge, Louisiana, starting in the coming weeks. The Zena AI R&D center will support US Department of War and other federal agency requirements through the development of secure, defense-oriented artificial intelligence systems development and research. The facility plans to focus on mission-critical research areas including AI-driven decision-support systems, autonomous and semi-autonomous intelligence architectures, advanced sensor and data fusion, secure edge intelligence, and quantum-enhanced optimization and modeling. The ZenaDrone Interceptor P-1 is a small, expendable, autonomous VTOL (Vertical Take-Off and Landing) drone engineered to physically intercept and neutralize hostile drones in flight, with a planned selling price of under $5,000 each. The ZenaDrone 2000 is ZenaTech's Maritime Interceptor drone platform designed for deployment from the IQ Glider, an autonomous marine launch and refueling station, to extend counter-UAS capability across sea-based and coastal operating environments. Together, these platforms form the hardware foundation of ZenaTech's integrated counter-UAS defense ecosystem, along with Zena AI software designed to detect threats and autonomously command fleets. The company is targeting a complete drone-on-drone defense capability at a cost per engagement that conventional missile and laser systems cannot match. Announcement • Mar 20
ZenaTech, Inc. Announces ZenaDrone Interceptor P-1 Single-Use Autonomous Interceptor Drone ZenaTech, Inc. announced that its previously disclosed Interceptor P-1 single-use, one-way autonomous drone being developed by its ZenaDrone subsidiary, is being designed to have a target selling price of under USD 5,000. The company previously disclosed it has initiated development of a prototype version for the small, one-way interceptor drone designed to stop hostile drones by physically intercepting them in-flight. The Interceptor P-1 is being built as an autonomous and expendable vertical takeoff and landing (VTOL)-design drone that can be added to the company’s counter-UAS (Unmanned Aircraft System) defense system offering dramatically lower costs than traditional air munitions. The Interceptor P-1 is a critical piece of ZenaDrone’s integrated defense ecosystem, designed to work seamlessly with our interceptor platforms and marine launch station, and enabling a coordinated drone-on-drone solution that delivers a unified, cost-effective aerial defense capability for U.S. Defense and allied forces. The Interceptor P-1 is designed to address a critical asymmetry in modern warfare. Adversaries routinely deploy low-cost commercial and military drones at scale, while conventional intercept solutions -- including surface-to-air missiles and laser systems -- carry costs that are orders of magnitude higher than the threats they defeat. The Interceptor P-1 prototype is being purpose-built to reverse this equation. With versatile launch options planned, including ground, vehicle, and maritime deployment via the company’s IQ Glider maritime drone platform, the Interceptor P-1 is being built to respond rapidly across multiple environments. By offering scalable interception capabilities, it is designed to help defense forces protect critical infrastructure, manage enemy drone swarms, and complement existing air defense systems as a strategic addition to the ZenaDrone counter-UAS platform. The company is targeting an initial prototype completion in the upcoming months and will provide further updates on product development, regulatory milestones, and defense and government agency engagement and pilots as progress continues. The global counter-UAS market is growing at over 25% per year, projected to exceed USD 10 billion by 2030 according to Markets and Markets, driven by intensifying drone warfare in multiple active theaters and the proliferation of commercially available drones repurposed for battlefield use. ZenaTech management believes the company is positioning the Interceptor P-1 for future procurement opportunities that includes allied governments, NATO partners, and Gulf Cooperation Council (GCC) defense customers. Announcement • Mar 11
ZenaTech Commences Development of IQ Glider, an Autonomous Marine Drone Launch And Refueling Station for the ZenaDrone 2000 Intercept Drone ZenaTech commenced development of the IQ Glider, an autonomous marine-based drone launch and refueling station. The IQ Glider is designed to extend the operational endurance of the company’s ZenaDrone 2000 Maritime Interceptor defense system, which enables continuous multi-drone intercept operations without requiring shore infrastructure or missile-based counter measures. The initiation of the IQ Glider technology follows the company’s recent announcement of the development of a prototype for the ZenaDrone 2000, a cost-effective, gas-powered sea-launched drone interceptor designed to detect and intercept multiple incoming unmanned aerial threats. The strategic and economic case for the combined IQ Glider platform and ZenaDrone 2000 drone system rests on the clear cost imbalance in modern maritime drone warfare. The Company believes that Naval forces that are using interceptor missiles costing up to $1 million or more to destroy drones worth about $50,000 represents an unsustainable model, especially against continuous swarm attacks that strain both budgets and missile capacity. The company’s integrated systems are designed to address this problem at scale with a persistent, autonomous, ship-based capability that counters “drones with drones” built at a fraction of missile costs. This air defense system is well positioned for future U.S. Navy, NATO, and Gulf Coordination Council defense programs, and Coast Guard modernization efforts seeking scalable maritime air defense. Sustained operational presence has historically limited maritime drone defense due to individual drones that can only remain airborne for a finite period before requiring fuel or maintenance. The IQ Glider is designed to solve this challenge, providing a platform for ZenaDrone 2000 drones to launch, land, refuel, and redeploy in coordinated rotations directly from naval vessels. ZenaTech’s management believes this relay-style approach enables continuous coverage over ships and surrounding maritime zones during extended missions. Both the IQ Glider and the ZenaDrone 2000 Maritime Interceptor are currently in active development. The ZenaDrone 2000 prototype is at the design and development stage, with testing expected before the end of the year. The IQ Glider is being developed in parallel as the dedicated launch and refueling infrastructure for ZenaDrone 2000 fleet operations. ZenaTech will provide updates on combined system development milestones, prototype testing timelines, and defense customer engagement as they are achieved. Announcement • Feb 18
ZenaTech Advances its Autonomous AI Drone Power Wash Platform and Dubai Drone as a Service Presence ZenaTech, Inc. announced it is advancing its AI autonomous drone power wash system designed for building cleaning and outdoor maintenance applications using its ZenaDrone IQ Square drone. The power wash system is currently undergoing testing and validation at a private flight-testing facility in Dubai while the company continues to advance plans to open a Drone as a Service location in the city. Designed for buildings, industrial infrastructure, government properties, and public spaces, the power wash system is being developed to leverage intelligent automated flight control and LiDAR scanning, to deliver high-precision cleaning with minimal manual labor. The drone-based power washing process consists of a drone scan of a building with LiDAR to create a 3D map and identify areas that need deeper cleaning. AI software is being developed to generate an optimized wash plan, directing the drone to target high-dirt zones and adjusting pressure and coverage as needed. Supplied continuously with tethered power and water, the drone autonomously executes the cleaning route while an operator can supervise from the ground. The Company also disclosed progress towards the opening of its Drone as a Service location in Dubai, having hired business development staff and currently in the process of training drone pilots. ZenaTech's Drone as a Service platform is designed to provide business and government customers with on-demand or subscription-based access to faster and superior drone-based services for a host of surveying, inspection, maintenance, power washing, inventory management, and precision agriculture applications, without the capital costs or operational burdens of ownership. By acquiring established, profitable service companies currently using low-tech methodologies ripe for drone innovation, ZenaTech is building a global, multi-service DaaS network of locations in communities anchored by existing customers and revenue, for next-gen drone integration designed for speed, precision, data, and safety benefits. The company is continuing to build its global network of through acquisitions and corporate-owned locations, as well as integrating drone workflows and adding new services. Announcement • Feb 11
ZenaTech Successfully Tests Four IQ Nano Indoor Drones Using Swarm Technology for Inventory Management Applications Benefiting Government and Defense ZenaTech, Inc. announced that it has successfully conducted advanced testing of its proprietary ZenaDrone IQ Nano indoor inventory management drones and drone swarm technology. The tests incorporated four drones configured to fly simultaneously and independently in a GPS-denied environment, each drone on a different flight path executing rapid bar code scanning of packages in a simulated warehouse environment. The successful test validates the company’s scalable, software-driven solution for addressing mission-critical defense logistics and inventory tracking challenges as global defense organizations increasingly prioritize automation, accuracy, and operational readiness. Drone swarm technology, consisting of multiple drones working together autonomously, sharing information and tasks to complete a mission more efficiently, has grown in importance as defense and commercial markets seek faster, safer, and more intelligent ways to manage large, complex environments needing real-time visibility and operational efficiency that traditional methods can no longer provide. Alongside indoor inventory drone swarm technology for defense and commercial inventory management, the company is also working on drone swarm advancements for applications such as wildfire management. While still in the early stages, drone swarms turn autonomy into a scalable platform—delivering faster operations, higher reliability, and system-level efficiency that single drones can’t achieve. The IQ Nano, a compact indoor drone with a starting size of approximately 20” X 20”, is specifically built to operate in GPS-denied environments such as warehouses and military facilities. Designed for inventory management through barcode scanning and security applications, it features advanced obstacle avoidance and supports AI-driven drone swarms or fleets, making it a critical asset in ZenaTech’s ZenaDrone autonomous solutions. Announcement • Feb 06
ZenaTech, Inc. Announces Initiation of its Golf Course Survey Services Across Florida ZenaTech, Inc. announced the expansion of its Drone as a Service platform offerings with the initiation of specialized golf course survey and mapping services. The Company will conduct an initial rollout across Florida, with plans for broader U.S. expansion. Over the past 12 months, the Company has completed drone-enabled survey engagements for five championship-level golf courses designed by one of the world's most renowned former professional golfers and active course architects. With this achievement, a strong drone integration framework and operational foundation have been set for scaling this service across the DaaS network. ZenaTech's Drone as a Service platform is designed to provide business and government clients with on-demand or subscription-based access to faster and superior drone-based services for a host of surveying, inspection, maintenance, power washing, inventory management, and precision agriculture services, without the capital costs or operational burdens of ownership. By acquiring established, profitable service companies currently using low-tech processes and ripe for drone innovation, ZenaTech is building a global, multi-service DaaS network of locations in communities anchored by existing customers and revenue, for next-gen drone integration designed for speed, precision, data, and safety benefits. The company is continuing to build its global business and network of locations as well as its integration of drones and new services. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Neville Brown was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 09
ZenaTech, Inc. (NasdaqCM:ZENA) acquired L. D. King Engineering Co., Inc. ZenaTech, Inc. (NasdaqCM:ZENA) acquired L. D. King Engineering Co., Inc. on January 8, 2026.
ZenaTech, Inc. (NasdaqCM:ZENA) completed the acquisition of L. D. King Engineering Co., Inc. on January 8, 2026. New Risk • Dec 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$32m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$32m free cash flow). Shareholders have been substantially diluted in the past year (120% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$16m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 118% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 118% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Less than 1 year of cash runway based on current free cash flow (-CA$32m). Reported Earnings • Nov 12
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: CA$0.34 loss per share (further deteriorated from CA$0.04 loss in 3Q 2024). Revenue: CA$4.35m (up CA$4.02m from 3Q 2024). Net loss: CA$12.3m (loss widened CA$11.6m from 3Q 2024). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 127%. Revenue is forecast to grow 81% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in the US. Announcement • Aug 20
ZenaTech, Inc. Unveils New Quantum Computing Division to Accelerate Advanced Drone and Defense Capabilities ZenaTech, Inc. announced the formation of its new Quantum Computing Division. The new division will focus on development of R&D initiatives that harness the next generation of computing power to solve very complex challenges in modern defense and autonomous drone systems that can utilize ZenaDrone's drone solutions. The US Department of Defense, along with other federal agencies, has called for advancements in quantum-resistant communications, post-quantum cybersecurity, and quantum sensing for drone navigation in GPS-denied environments to ensure US defence and aerospace superiority. In line with these priorities, ZenaTech's Quantum Computing Division will focus on the development of both hardware and software quantum innovations for use cases such as encryption and secure communications for mission-critical operations, enhanced navigation without GPS, and AI drone fleet optimization for a variety of ISR (Inspection, Surveillance and Reconnaissance) defense applications. The company has previously completed paid trials with the US Air Force and Navy Reserve and is developing a gas-powered variant for extended flight missions and border patrol. Quantum computing is an emergent field of cutting-edge computer science, harnessing the unique qualities of quantum mechanics to solve problems beyond the capabilities of even the most powerful classical computers, processing massively complex mathematical problems and data at orders of magnitude faster speeds. Quantum computing can analyze vast and complex drone data more quickly and accurately, improving weather predictions and enhancing the ability to forecast extreme events. Reported Earnings • Aug 12
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: CA$0.19 loss per share (further deteriorated from CA$0.015 loss in 2Q 2024). Revenue: CA$2.24m (up CA$1.87m from 2Q 2024). Net loss: CA$6.12m (loss widened CA$5.86m from 2Q 2024). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) missed analyst estimates by 58%. Revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Announcement • Aug 12
ZenaTech, Inc. Provides Revenue Guidance for the Second Half of 2025 ZenaTech, Inc. provided revenue guidance for the second half of 2025. The company expects continued revenue growth in the second half of 2025, driven by: Full-period contributions from recent acquisitions; A pipeline of target acquisitions with a goal to have acquired a total of 25 DaaS-related companies by mid-2026; Increased utilization of drone technology in existing operations in surveying and inspections, and introduce new applications such as precision agriculture, maintenance inspections, and power washing; Expansion of SaaS offerings across existing and new enterprise customers; Applications submitted and pending for Green UAS certification, which will be followed by Blue UAS certification submission required to be a verified provider on the procurement list to sell to the DoD and other defense agencies. Announcement • Aug 06
ZenaTech, Inc. (NasdaqCM:ZENA) acquired Morgan Surveying, Inc. from unknown local owners. ZenaTech, Inc. (NasdaqCM:ZENA) acquired Morgan Surveying, Inc. from unknown local owners on August 5, 2025. This marks the first completed acquisition in North Carolina.
ZenaTech, Inc. (NasdaqCM:ZENA) completed the acquisition of Morgan Surveying, Inc. from unknown local owners on August 5, 2025. Announcement • Jul 18
ZenaTech Releases Video of Zenadrone's Iq Nano Indoor Inventory Ai Drone for US Defense and Government ZenaTech, Inc. released an exclusive video of ZenaDrone's IQ Nano indoor drone for inventory management and security applications. The video footage showcases the drone's precision navigation in complex warehouse environments for rapid stock-taking and real-time data integration--capabilities that can improve US military logistics and bolsters supply chain modernization. The ZenaDrone IQ Nano is a tactical indoor drone engineered and designed for GPS-denied, confined, or high-risk environments where traditional systems and personnel face operational challenges. Engineered for precision, it automates inventory management by scanning barcodes or RFID tags in armories and warehouses, while seamlessly integrating with SAP-based systems for real-time NSN (National Stock Number) military stock tracking verification and cycle counts and eliminating human error. Equipped with HD/thermal imaging and LiDAR, and AI-powered anomaly detection, it also combines secure indoor surveillance and security of command centers, ammunition depots, and restricted zones, with stable hover capabilities, and obstacle avoidance. The IQ Nano is part of ZenaDrone'sIQ Series product portfolio. This autonomous indoor drone features an NAA-compliant supply chain that excludes Chinese produced components. The company has initiated submission for the Green UAS certification - the required pathway to Blue UAS (Unmanned Autonomous Systems) approval for US military procurement listing. Product Specifications: Starting from 20" x 20", an autonomous, compact, and portable footprint; 20 - 25 mins flight time and automatic recharging landing pad; Equipped with obstacle avoidance features; SAP-based automated logistics ERP system integration; Advanced low-light imaging sensors. Announcement • Jul 10
ZenaTech, Inc. Creates First Quantum Computing Prototype Enabling Disruptive AI Drone Speed and Precision for Future Commercial and US Defense Applications ZenaTech, Inc. announced the successful development of its first quantum computing prototype consisting of a framework for the rapid analysis and processing of large datasets for its AI drone solutions. Using weather forecasting algorithms as part of its Clear Sky project as a test case, the company has created a precedent framework for real time analysis of massive amounts of data that can be captured through AI drone sensors while in the air. The Company envisions commercial applications ranging from highly efficient precision agriculture to predictive energy infrastructure inspections. Defense applications include enhancing real-time battlefield decision-making with faster and more precise threat detection, reconnaissance, and advance electronic warfare capabilities. ZenaTech's Clear Sky project is one of the company's quantum computing R&D initiatives focused on weather forecasting that will use AI drones and drone fleets plus quantum to better predict localized weather for more accurate prediction of extreme weather events saving lives and reducing costs and destruction. For weather forecasting, quantum computing can rapidly process and simulate complex atmospheric models by analyzing massive datasets from AI-enabled drones equipped with weather sensors, LiDAR, and imaging systems. This allows for highly accurate, real-time weather forecasting and microclimate prediction, improving response times for disaster management, aviation safety, and environmental monitoring. Quantum computing is a next-generation computing technology that uses the principles of quantum physics to process information exponentially faster than traditional computers, enabling it to solve highly complex problems that are otherwise unsolvable by even the most powerful classical computers of today. Announcement • May 29
ZenaTech Developing Quantum Computing and AI Drone Fleets to Prevent Wildfire in the Western US ZenaTech, Inc. announced its strategic initiative to utilize quantum computing and AI-powered drones to revolutionize wildfire detection, forecasting, and response in the US Western and Coastal states. This innovative solution is part of ZenaTech's expanding Clear Sky project, an initiative which aims to mitigate the increasing threat of billion-dollar weather events using high-precision environmental monitoring powered by AI drones, drone swarms and quantum-enhanced analytics. The integration of quantum computing allows ZenaTech to process complex datasets far faster than traditional methods--turning raw drone telemetry into actionable intelligence for emergency response teams, forestry services, and environmental protection agencies. Using the ZenaDrone 1000 drone and fleets of drones equipped with thermal sensors, multispectral imaging, and 360-degree LiDAR, autonomous flight missions over 300 square miles can be performed. These drone swarms gather environmental data which is then processed using quantum computing platforms to build predictive models that simulate wildfire spread based on terrain, vegetation density, humidity, and wind patterns. ZenaTech’s recently acquired Portland, Oregon-based land survey engineering company and now a Drone as a Service office, will be part of this initiative surveying large tracks of land for wildfires and fire management testing incorporating drone swarm technology in the Northwest in the Pacific Coast areas. The company will also utilize its Wyoming Native American partnership for testing fire mitigation, and autonomous monitoring of tribal lands. The Clear Sky project initial team will be expanded to 20 engineers dedicated to the company’s R&D initiatives including wildfire modelling, geospatial optimization, and AI-augmented forecasting. Quantum computing is an emergent field of cutting-edge computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even the most powerful classical computers of today, to process massively complicated mathematical problems and data at orders of magnitude faster speeds. Quantum computers can analyse vast and complex drone data much faster and more accurately, improving weather predictions and enhancing the ability to forecast extreme events. Announcement • May 28
ZenaTech, Inc. Provides Quantum Computing Update on 'Clear Sky' Weather Forecasting Project-AI Drone Swarms to Combat Steep Rise in Billion Dollar Extreme Weather Events ZenaTech, Inc. provided an update on its "Clear Sky" project, an R&D initiative soon to be released in a beta application version, that uses multiple AI drones in a drone swarms, and quantum computing for weather forecasting. The goal is to better predict localized weather including extreme weather events for business and government users, saving lives and billions of dollars. In the coming months, ZenaTech plans to expand its quantum computing project team to 20 by adding at least ten additional specialized engineers. This will accelerate the development and upcoming beta release of Clear Sky in addition to furthering other internal quantum computing projects currently underway. AI-powered drone swarms are an emerging tool in meteorology, offering a transformative approach to weather forecasting by collecting real-time atmospheric data with unprecedented precision and spatial coverage. These multiple autonomous drones coordinate their movements using AI algorithms to sample different layers of the atmosphere simultaneously. Equipped with advanced sensors, they measure key variables such as temperature, humidity, wind speed, and pressure in hard-to-reach or dangerous areas like storm systems or remote regions. The data collected is transmitted in real time to forecasting models, improving the resolution and accuracy of predictions, especially for fast-evolving thunder storms or tornadoes. In 2024, extreme weather events--including hurricanes, wildfires, floods, and severe storms--inf caused approximately $417 billion in losses globally according to Gallagher Re's Natural Catastrophe and Climate Report. Announcement • May 17
Zenadrone Receives Approval from the Federal Aviation Administration for Zenadrone 1000 ZenaTech, Inc. announces its subsidiary ZenaDrone has received approval from the Federal Aviation Administration to conduct commercial agricultural operations under the rules and regulations of 14 CFR Part 137 for crop spraying and precision agriculture. This approval allows ZenaDrone to commence final testing and deployment of the ZenaDrone 1000 drone for aerial spraying of pesticides, herbicides, fungicides, fertilizers, and seeds for agricultural, environmental and government customers. The company plans to sell these solutions through its Drone as a Service, or DaaS, business model as well as selling the drone hardware and solution directly to larger commercial farms, agribusinesses, and cooperatives. The ZenaDrone 1000 is an autonomous drone, in a VTOL (Vertical Takeoff and Landing) quadcopter design with a total of eight rotors on its two fixed wings; it is considered a medium-sized drone measuring 12X7 feet in size. It is designed for stable flight, maneuverability, heavy lift capabilities up to 40 kilos, incorporating innovative software technology, AI, sensors, and purpose-built attachments like crop spraying, along with rugged and compact hardware featuring foldable wings enabling the drone to fit into the back of a truck. ZenaTech’s DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of service solutions from land surveys to power line inspections or power washing, made accessible and cost effective through an Uber-like business model on a regular subscription or pay-per-use basis. Reported Earnings • May 15
First quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.007 loss in 1Q 2024) First quarter 2025 results: CA$0.002 loss per share. Net loss: CA$4.61m (loss widened CA$4.49m from 1Q 2024). Announcement • May 02
ZenaTech, Inc. Announces Drone as a Service (DaaS) Offerings Expand to Bathymetric Surveys for Underwater Terrain Mapping for Commercial and Government Customers ZenaTech, Inc. announced its DaaS offerings have expanded to include bathymetric surveys, a specialized method of mapping underwater terrain using drones equipped with sonar. These surveys are important for critical underwater depth and contour data to support maintenance, dredging, environmental planning, and aquatic development for both commercial and government customers. ZenaTech's DaaS bathymetric surveys are now available in South Florida through the recently acquired Wallace Surveyying where the team has both golf course and Intracoastal Waterway project relationships and surveying expertise. Utilizing advanced sonar and ZenaDrone drones, high-resolution underwater maps help customers make informed decisions - from enhanced water management and lake and channel design strategies, to ensuring long-term sustainability. Bathymetric surveys using aerial drones offer faster, safer, and more cost-effective data collection, especially in hard-to-reach or hazardous environments. This encompasses sonar systems utilized in bathymetric surveys, including those deployed on drones. ZenaTech'sDaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of service solutions from land surveys to power line inspections or power washing, made accessible and cost effective through an Uber-like business model on a regular subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks achieving superior results, such as for surveying, inspections, security and law enforcement, or precision farming applications, without having to buy, operate, or maintain the drones themselves. The DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, as well as convenience, as there is no need to manage maintenance and operation. The model also offers scalability to use more often or less often based on business needs and enables access to advanced drone technology sensors or attachments without the need for specialized training. Announcement • May 01
ZenaTech, Inc. ZenaDrone Subsidiary to Showcase its Drones to US Defense Potential Customers At Major Upcoming Conferences ZenaTech, Inc. announced it will showcase its ZenaDrone 1000 and IQ series drones as an exhibitor at several prominent upcoming US defense and technology conferences starting this week. These events will be an important opportunity to engage one-on-one with potential customers, key stakeholders, and industry leaders across the US military and government sectors as well as in the mining sector. Conference Details: Modern Day Marine: Recognized as the largest military equipment, systems, services, and technology positions exclusively targeted to Marine Corps, Department of Defense (DoD) Officials, and authorized industry partners. ZenaDrone is in booth #3800. CIM CONNECT Convention + Expo 2025: This premier international event of the Canadian Institute of Mining, Metallurgy and Petroleum consists of three days of immersive learning and knowledge sharing for over 7 7,000 industry executives focusing on the evolving role of sustainable practices, circularity, and technological advancements. Drones enhance mining operations by improving surveying, monitoring, safety, environmental management, and blast planning while reducing risks and operational costs. Date and Venue: May 4 - 7, 2025 | MontrealConvention Centre, Montreal, QC. ZenaDrone is a member of AUVSI, the international association of drone companies that administers the Green UAS certification, considered a first step to be on the vendor-approved list to sell to government, law enforcement, and many commercial customers and branches of the military. ZenaTech previously announced that ZenaDrone's supply chain will be NDAA (National Defense Authorization Act) compliant through manufacturing its component parts and cameras at its Spider Vision Sensors company established in Taiwan, and it plans to manufacture its US DoD-destined drones at ZenaDrone's manufacturing facility in Arizona. The ZenaDrone 1000 is an autonomous multifunction drone offering stable flight, maneuverability, heavy lift capabilities, innovative software technology, sensors, AI, and purpose-built attachments, along with compact and rugged hardware engineered for industrial and military use. A new gas-powered version is under development to offer longer flights and greater payloads, specifically targeting US Defense and NATO markets. The ZenaDrone IQ Square is an advanced AI-powered drone designed for land surveys and for various types of inspections and reconnaissance missions required in defense applications. Equipped with cameras and sensors, the IQ Square offers a flight time of approximately 20 minutes and can carry a payload of up to 7 kilograms. Announcement • Apr 11
ZenaTech, Inc. (NasdaqCM:ZENA) acquired Miller Land Surveying Corporation. ZenaTech, Inc. (NasdaqCM:ZENA) acquired Miller Land Surveying Corporation on April 10, 2025.
ZenaTech, Inc. (NasdaqCM:ZENA) completed the acquisition of Miller Land Surveying Corporation on April 10, 2025. Announcement • Apr 03
ZenaTech, Inc. (NasdaqCM:ZENA) acquired Wallace Surveying Corporation. ZenaTech, Inc. (NasdaqCM:ZENA) acquired Wallace Surveying Corporation on April 3, 2025.
ZenaTech, Inc. (NasdaqCM:ZENA) completed the acquisition of Wallace Surveying Corporation on April 3, 2025. Reported Earnings • Apr 02
Full year 2024 earnings released: CA$0.24 loss per share (vs CA$0.014 loss in FY 2023) Full year 2024 results: CA$0.24 loss per share (further deteriorated from CA$0.014 loss in FY 2023). Net loss: CA$4.48m (loss widened CA$4.24m from FY 2023). Announcement • Mar 19
ZenaTech, Inc. (NasdaqCM:ZENA) acquired Othership Ltd. ZenaTech, Inc. (NasdaqCM:ZENA) acquired Othership Ltd on March 18, 2025.
ZenaTech, Inc. (NasdaqCM:ZENA) completed the acquisition of Othership Ltd on March 18, 2025. Announcement • Mar 01
ZenaTech, Inc., Annual General Meeting, Mar 17, 2025 ZenaTech, Inc., Annual General Meeting, Mar 17, 2025. Location: regus offices, first canadian place, 100 king street west, suite 5600, ontario, toronto Canada Announcement • Feb 28
ZenaTech, Inc. Announces That Its Subsidiary ZenaDrone Has Moved Its First Batch of IQ Square Multifunction Drones from Prototype to Manufacturing Stage ZenaTech, Inc. announced that its subsidiary ZenaDrone has moved its first batch of IQ Square multifunction drones from prototype to manufacturing stage. This drone was designed for outdoor applications for operator line-of-site inspections such as for building and construction inspections, short-range land surveys, power washing and other business and government applications. The IQ Square is also expected to be a key part of ZenaDrone’s multifunction drone inventory for its Drone as a Service or DaaS business, which enables business and government users to hire a turnkey drone service and drone pilot through a local store for easy subscription-based or pay-as-you-go access to drones for various uses. The IQ Square will be equipped with a power wash system for use in larger-scale cleaning jobs such as stadium seating, building exteriors, and public spaces; drones eliminate the need for scaffolding, lifts, or manual labor by providing a more efficient, safe, and cost-effective solution. Tethered to a ground-based water and a power source, it is designed to maintain a continuous supply of high-pressure water needed to clean large areas without the weight limitations of onboard tanks. The mold and drone body frames of the first batch of IQ Square drones are currently being completed, after which they will be assembled, integrated, and tested at the company’s Sharjah, UAE production facility. The Company will oversee the integration and quality inspection of electronics, battery and propulsion systems, software, and sensor installation and calibration, concluding with final flight testing. New Risk • Jan 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$91.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.6m free cash flow). Share price has been highly volatile over the past 3 months (80% average weekly change). Minor Risks Revenue is less than US$5m (CA$2.0m revenue, or US$1.4m). Market cap is less than US$100m (US$91.0m market cap). Announcement • Dec 13
ZenaTech Launches Quantum Computing Project for Traffic Optimization and Weather Forecasting Using Drones ZenaTech, Inc. announced the launch of a Quantum Computing project for traffic optimization and weather forecasting using the company's drones. The project, called Sky Traffic, was developed following interest received from a government client to use the company's ZenaDrone 1000 drones to monitor vehicle traffic. The project will provide real-time traffic data to both the government agency and to drivers, with a goal of improving the precision, accuracy and speed of information to optimize functions such as traffic flows and routing, traffic signal management, public safety, and deployment of government services. This is achieved by accessing larger datasets and more computing power more rapidly than current methods. ZenaTech's Quantum Computing team will leverage Amazon Web Services (AWS) as its computing platform to manage the project. The company also plans to utilize Sky Traffic with ZenaDrone 1000 drones in weather radar applications for faster and more precise weather forecasting. Quantum computing is an emergent field of cutting-edge computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even the most powerful classical computers of today, to process massively complicated mathematical problems and data at orders of magnitude faster speeds. D drones are used by governments to monitor and improve road traffic by providing real-time aerial surveillance of traffic conditions, and identifying congestion, accidents, and bottlenecks. Equipped with cameras, sensors, and GPS, drones can collect data on vehicle flow, enabling authorities to optimize traffic signals, redirect traffic, and plan infrastructure improvements and emergency management based on real-time insights. Quantum Computing can supercharge the speed and precision of these applications. D drones are used in weather forecasting to collect real-time atmospheric data from hard-to-reach areas, such as storm systems or remote regions, providing valuable input for weather models. Quantum computers can then analyze this vast and complex data much faster and more accurately, improving weather predictions and enhancing the ability to forecast extreme events like hurricanes or tornadoes. Reported Earnings • Nov 17
Third quarter 2024 earnings released: CA$0.04 loss per share (vs CA$0.013 loss in 3Q 2023) Third quarter 2024 results: CA$0.04 loss per share (further deteriorated from CA$0.013 loss in 3Q 2023). Revenue: CA$327.9k (up 23% from 3Q 2023). Net loss: CA$688.1k (loss widened 214% from 3Q 2023). Announcement • Nov 12
ZenaTech, Inc. (NasdaqCM:ZENA) entered into an agreement to acquire Ecker Capital, LLC. from Ameritek Ventures, Inc. (OTCPK:ATVK). ZenaTech, Inc. (NasdaqCM:ZENA) entered into an agreement to acquire Ecker Capital, LLC. from Ameritek Ventures, Inc. (OTCPK:ATVK) on November 12, 2024. The acquisition is subject to any shareholder and regulatory approvals, that may be required. Announcement • Oct 18
ZenaTech’s ZenaDrone Team Begins US Flight Testing of ZenaDrone 1000 in the Arizona Desert ZenaTech, Inc. announced that its subsidiary, ZenaDrone, has begun the first US flight testing of the ZenaDrone 1000 drone including new hardware and software configurations in the desert near Phoenix, Arizona. The company has also been concurrently working towards expanding offices, operations, and partnerships in the state. ZenaTech recently announced that ZenaDrone was granted an exemption by the Federal Aviation Authority (FAA) for visual line-of-sight commercial applications and data collection in the US, subject to specified conditions and limitations. This approval enables live testing and evaluation of the ZenaDrone 1000 product with US-based partners and potential customers. The company is also completing the FAA application process to receive an aerial spraying license (14 CFR Part 137) for agricultural plant nourishment, soil treatment, and pest control. The ZenaDrone 1000 is an autonomous drone product designed for stable flight, maneuverability, heavy lift capabilities, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial use. It has been used on farms in Ireland to enable smart farming, plant tracking, and crop management, and it has been piloted in the field with the US military for delivery of temperature-controlled critical medical supplies. Announcement • Oct 06
ZenaTech, Inc. Announces Executive Changes ZenaTech, Inc. announced new management team appointments. Craig Passley has been appointed Company Secretary and Sajjad Asif has been promoted to Chief Technology Officer. Craig Passley, Corporate Secretary, is a construction management executive at M/I Homes, a leading national homebuilder. Previously he served as Corporate Secretary for publicly traded company, Epazz, from 2005 and 2016, as well as for FlexFridge. Mr. Passley has a bachelor’s degree in engineering from Bradley University, a master’s degree in project management from the Keller Graduate School of Management, and an MBA from Lake Forest School of Management. Sajjad Asif, Chief Technology Officer, was previously ZenaTech’s Vice President of Technology and has held various leadership roles with the ZenaTech group of companies. His background includes 18 years of professional experience specializing in software and drone technologies. He has served in leadership roles including CTO roles for various European technology companies. Mr. Asif holds a Master of Science in Software Engineering degree from Blekinge Tekniska Högskola in Sweden, an MBA from AIOU in Pakistan, and a BS in Computer Science from PUCIT in Pakistan. Board Change • Oct 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Neville Brown was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 