Volatus Aerospace Corp.

Volatus Aerospace Corp.

VLTTF
Volatus Aerospace Corp.US flagOther OTC
0.19
USD
+0.01
- -
42.60MMarket Cap
Volatus Aerospace Corp.
VLTTF
(Other OTC)

Recent

price

0.19

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
TTM
FRC
- -
- -
0.06
0.16
0.17
0.15
Revenue per Share
- -
- -
-0.02
-0.02
-0.04
-0.04
Basic EPS, GAAP
- -
- -
-0.01
-0.04
-0.02
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
0.04
0.02
-0.03
-0.05
Book Value per Share
- -
- -
0.04
0.03
-0.02
-0.04
Tangible Book Value per Share
182
182
179
187
210
219
Basic Weighted Avg Shares
- -
- -
10
30
35
33
Sales/Revenue/Turnover
- -
-96.36
-20.01
-24.17
-25.99
-28
Operating Margin (%)
- -
- -
- -
2
4
5
Depreciation Expense
- -
- -
-4
-5
-9
-9
Net Income, GAAP
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
718.77
-37.11
-15.53
-27.14
-27.63
Profit Margin (%)
- -
- -
7
4
-4
-7
Working Capital
- -
- -
4
8
9
10
LT Debt
- -
5
11
10
3
-2
Total Equity
- -
-1.95
- -
- -
- -
- -
Return on Invested Capital (%)
- -
29.09
- -
- -
- -
- -
Return on Capital (%)
- -
201.95
-104.48
-88.6
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
10
10
10
LT Borrowings
8
8
9
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
221
224
224
Market Capitalization
15
14
27

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
11
10
10
Cash, Cash Equivalents & STI
2
1
1
Accounts Receivable, Net
4
3
4
Inventories
3
3
3
Total Current Liabilities
15
16
16
Payables & Accruals
4
6
6
ST Debt
10
10
10
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-75.64%
Free Cash Flow
- -
- -
-52.87%
Net Income, GAAP
- -
- -
104.7%
Sales/Revenue/Turnover
- -
- -
17.14%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
5
7
11
7
30
2023
7
9
8
11
35
2024
7
7
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.01
-0.01
- -
- -
-0.02
2023
-0.01
-0.01
-0.01
- -
-0.04
2024
-0.01
-0.01
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
Business
Volatus Aerospace Corp. (VLTTF) develops and provides integrated drone solutions for commercial, industrial, public safety, and defense applications worldwide; the company offers remotely piloted aircraft systems (RPAS) including imaging and inspection services, security and surveillance, cargo delivery with platforms such as DroneSpot for automated logistics depots and Aeriport modular docking stations, equipment sales and servicing from over 60 OEM partners, training and consultancy programs, solutions engineering, aircraft management, and intelligence, surveillance, reconnaissance (ISR) capabilities with up to 30-hour endurance drones for day/night operations; it operates across North America, Europe, the UK, Latin America, and Norway from its headquarters in Vaughan, Ontario, Canada, with over 100 years of combined aviation expertise stemming from its origins as Drone Delivery Canada Corp. founded in 2011. Volatus Aerospace maintains a vertically integrated model encompassing research and development, proprietary technologies, and subsidiaries like Volatus Drones, UAVHUB, The Drone Mentor, and Synergy Aviation for piloted inspections. The company targets civilian, government, and sovereign clients in sectors including agriculture, construction, energy, transmission and distribution, and maritime operations. In recent developments, Volatus Aerospace completed a merger with Drone Delivery Canada in 2024 to enhance cargo delivery and autonomous operations, acquired UAVHUB and The Drone Mentor for training expansion, and in October 2025 purchased advanced RPAS technologies including fixed-wing aircraft designs from UK-based Caliburn Holdings LLP to bolster defense manufacturing; it announced a $20 million bought deal public offering and up to $4.66 million non-brokered private placement in November 2025, bringing total financing over $24.6 million to fund the Mirabel Manufacturing Hub in Quebec, drone R&D for defense, potential acquisitions, and working capital. The company reported Q3 2025 revenue of CAD 10.6 million, up 60% year-over-year, and secured Transport Canada approval for scalable automated drone services. Volatus positions itself to support Canadian federal defense priorities outlined in the November 2025 budget.

Company News

APIChat
  • Volatus Aerospace Inc. to Present at The 2024 Cantech Letter Conference in Toronto, ON

  • Drone Delivery Canada Corp. and Volatus Aerospace Corp. Complete Previously Announced Merger of Equals

  • Volatus Aerospace Announces Financial Results for Second Quarter 2024

  • Volatus Aerospace Corp. Announces Intention To Amend Its Convertible Debentures

  • Volatus Aerospace Signs Sales Agency Agreement with Xer Technologies for Distribution in North America

  • Volatus Aerospace Provides $2.4M CAD Drone and Training Package to a North American Disaster Response Entity

  • Volatus Aerospace Corp. Continues to Expand Oil and Gas Right of Way Surveillance Business into U.S.

  • Volatus Aerospace Corp. and Drone Delivery Canada Corp. to Collaborate on Commercializing Drone Nesting Stations

  • Volatus Releases 2023 Financial Results and Provides General Corporate Update

  • Volatus Aerospace Announces Late Filing of Annual Financial Statements and Failure-to-File Cease Trade Order

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

  • Volatus Aerospace Completes the Acquisition of UAVHub and The Drone Mentor

  • Volatus Aerospace Strengthens Online Drone Training in the UK with Acquisition of UAVHub and The Drone Mentor

  • Volatus Announces Revenue Growth, Increased Gross Margins and Cost reductions in Q3 2023

  • Volatus Aerospace Completes the Acquisition of iRed Limited

  • Volatus Aerospace Delivers $1.6M of Surveillance Drones to a Canadian Defense Contractor

  • Volatus Expands Power Utility Drone Inspections with New Multi-Year Contract of up to $60M

  • Volatus Aerospace Partners with Flyscan Systems to Automate the Next Generation of Aerial Pipeline Surveillance for Its Oil and Gas Clients

  • Volatus Aerospace to Expand into US Oil and Gas Pipeline Surveillance Market

  • Volatus Announces 31% Revenue Growth & 34% Gross Margins in Q2 2023