Earnings ·
ZenaTech reports Q2 revenue of $9.3M, up 316% year-over-year, driven by Drone as a Service segment
ZENAZenaTech, Inc.
ZenaTech reported second-quarter revenue of $9.3 million, a 316% increase from the prior year period, and first-half revenue of $17.7 million, up 425%. The Drone as a Service segment drove growth with $8.1 million in Q2 revenue, accounting for nearly 93% of total sales. The company completed four acquisitions during the quarter, bringing its cumulative DaaS acquisition count to 29, and expanded its international footprint with new offices in South Korea and the United Kingdom. Cash reserves grew 105% to $12.2 million, while total assets reached $149.2 million. The company reported a net loss of $22.5 million for the quarter as it continues to invest in AI autonomy platforms and defense product development.