- Volatus Aerospace (TSXV:FLT) signed a national crop-intelligence contract with a top agricultural technology provider in North America
- The contract will see Volatus conduct multispectral aerial surveys across 21 agricultural sites in Alberta, Ontario, Manitoba and Quebec
- Volatus provides global aerial solutions for intelligence and cargo serving the oil and gas, utilities, healthcare and public safety industries
- Volatus Aerospace stock is trending higher, adding 100 per cent in June and 67.6 per cent since merging with Drone Delivery Canada in August 2024
Volatus Aerospace (TSXV:FLT) signed a national crop-intelligence contract with a top agricultural technology provider in North America.
The contract will see Volatus conduct multispectral aerial surveys across 21 agricultural sites in Alberta, Ontario, Manitoba and Quebec. Each site will undergo two surveys at strategic moments in the growing season, shedding light on how to best optimize for crop health as well as performance.
The contract expands the company’s exposure to precision agriculture, “one of the fastest-growing applications of drone and remote sensing technology,” according to Wednesday’s news release, which Agriculture and Agri-Food Canada views as “key to addressing challenges such as sustainable food production, rising input costs and the need for improved yields.”
Leadership insights
“This contract showcases Volatus’ unique ability to scale drone operations efficiently across Canada,” Glen Lynch, Volatus Aerospace’s chief executive officer, said in a statement. “Our growing network of local teams enables rapid mobilization in rural and remote areas, and this project sets the stage for future innovation using remotely operated and autonomous nested drone solutions to support the evolving needs of smart agriculture.”
Looking ahead
Since merging with Drone Delivery Canada in August 2024, Volatus has grown revenue by over 21 times from C$1.24 million in 2023 to C$27.15 million in 2024, including record blended gross margins of 38 per cent in Q4 2024.
The company followed this up with C$5.71 million in revenue in Q1 2025, supported by a 30 per cent year-over-year improvement in adjusted EBITDA to a loss of C$978,000, adding conviction to its path to profitability.
Volatus stock has added 100 per cent in June, driven by strong Q1 results, a follow-on investment from Investissement Québec, and an oversubscribed C$5 million financing to allow it to advance a growing number of partnerships under its purview.
Should the company’s balance sheet and income statements continue to improve, look for this upward trend to continue, with buy-the-dip opportunities remaining in play given the stock’s minimal market capitalization and inconsistent liquidity.
About Volatus Aerospace
Volatus provides global aerial solutions for intelligence and cargo backed by a leadership team with more than 100 years of combined institutional knowledge in aviation. The company serves the oil and gas, utilities, healthcare and public safety industries.
Volatus Aerospace stock (TSXV:FLT) is down by 12.31 per cent on the news trading at C$0.28 as of 10:51 am ET. The stock has added 67.6 per cent since merging with Drone Delivery Canada in August 2024.
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