By Adriano Marchese
ZenaTech shares rose in premarket trading after reporting strong revenue growth thanks to strength in its drone and software segments.
Shares traded over 11% higher ahead of the morning bell at $4.35.
The U.S.-listed, Vancouver, British Columbia-based company said Tuesday that revenue for the third quarter rose to 4.4 million Canadian dollars ($3.1 million), up from C$327,878 a year earlier.
ZenaTech is a technology company that specializes in autonomous drones, artificial intelligence-driven enterprise software, and quantum computing applications.
The growth was credited to strong growth at its drone as a service segment, which contributed C$3.6 million, up from nil, and its enterprise software segment which grew revenue to C$776,908, which was more than double from a year ago.
Chief Executive Shaun Passley said that the drone as a service strategy has been scaling faster than expected. "We are seeing strong demand for drone-based land surveying, mapping, and infrastructure inspection services across both the public and private sectors," Passley said.
ZenaTech expects the momentum to carry throughout the rest of the year and into 2026, citing expanding services across the world, the introduction of AI-enabled flight analytics, as well as new partnerships with customers, among others.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 11, 2025 09:21 ET (14:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments