ZenaTech Letter to Shareholders Outlines 316% Q2 Revenue Growth and Seventh Consecutive Quarter of Sequential Growth
Key Highlights
- ➤Q2 revenue $9.3 million, up 316% year over year (ZENA)
- ➤First-half revenue $17.7 million, up 425% year over year (ZENA)
- ➤Drone as a Service contributed $8.6 million, nearly 93% of Q2 revenue
- ➤Signed acquisition offers could contribute approximately $40 million revenue in first 12 months
- ➤Blue UAS certification advanced for ZenaDrone 1000, IQ Nano and IQ Square
Expert Statements
Shaun Passley, CEO of ZenaTech, Inc.
“ZenaTech continues its evolution from a technology development company with a software revenue base to a diversified, multi-product and vertically integrated operating company with a scalable Drone as a Service platform, and advancing commercial, government and defense drone technology portfolio, and an enterprise software business.”
Shaun Passley, CEO of ZenaTech, Inc.
“I am proud of what we accomplished during the first half of 2026.”
Shaun Passley, CEO of ZenaTech, Inc.
“We have now delivered seven consecutive quarters of sequential revenue growth since Q4 2024.”
Shaun Passley, CEO of ZenaTech, Inc.
“We recognize that scaling revenue must ultimately translate into improved operating leverage.”
Shaun Passley, CEO of ZenaTech, Inc.
“Our focus is therefore not only on adding locations, but also on integrating them, deploying drone-enabled workflows and expanding higher-value data and analytics services.”
Shaun Passley, CEO of ZenaTech, Inc.
“These resources provide flexibility to fund integration, product development and disciplined acquisitions, while we remain focused on careful capital allocation.”
Shaun Passley, CEO of ZenaTech, Inc.
“We chose land surveying and related engineering services deliberately.”
Shaun Passley, CEO of ZenaTech, Inc.
“By combining established local operators and customer relationships with drones, LiDAR, centralized data processing and analytics, we believe we can increase field capacity, shorten project timelines and improve data and precision.”
Shaun Passley, CEO of ZenaTech, Inc.
“Our objective is to build a scaled, technology-enabled global Drone as a Service platform.”
Shaun Passley, CEO of ZenaTech, Inc.
“As integration progresses, we believe drone-enabled workflows can reduce costs per job, increase capacity and support margin improvement.”
Shaun Passley, CEO of ZenaTech, Inc.
“Scale matters because each new location expands the customer base into which we can deploy differentiated technology and data services and broadens the types of contracts we can pursue.”
Shaun Passley, CEO of ZenaTech, Inc.
“Our defense technology portfolio is an important component of our long-term strategy, and we continue to advance product development, certification and customer engagement as demand for commercial and defense drone solutions grows.”
Shaun Passley, CEO of ZenaTech, Inc.
“We believe this progress strengthens our ability to pursue future pilots and potential contracts.”
Shaun Passley, CEO of ZenaTech, Inc.
“Together, these technologies form part of a broader integrated Counter-UAS architecture intended to be supported by Zena AI and our research involving detection and swarm-command capabilities.”
Shaun Passley, CEO of ZenaTech, Inc.
“Our vision is an AI-powered enterprise productivity platform that will include the Company's existing 13 software brands together with new applications under development.”
Shaun Passley, CEO of ZenaTech, Inc.
“As we move through the second half of 2026, we believe we are positioned to continue building the business.”
Shaun Passley, CEO of ZenaTech, Inc.
“Our priorities remain integrating and scaling our platforms, converting technology investment into revenue, and continuing the disciplined M&A activity that has driven our growth.”
Shaun Passley, CEO of ZenaTech, Inc.
“ZenaTech is a very different company than it was a year ago.”
Shaun Passley, CEO of ZenaTech, Inc.
“We have moved from primarily developing software and technologies to building a larger operating platform with revenue, customers, acquired businesses, manufacturing capabilities, software products and a growing defense opportunity pipeline.”
VANCOUVER, British Columbia, Oct. 01, 2026 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech" or the "Company"), a technology solution provider specializing in AI-powered drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, today provides a business update and future outlook in a letter to shareholders from CEO Shaun Passley, Ph.D. Unless otherwise indicated, all financial figures are expressed in Canadian dollars.
ZenaTech continues its evolution from a technology development company with a software revenue base to a diversified, multi-product and vertically integrated operating company with a scalable Drone as a Service platform, and advancing commercial, government and defense drone technology portfolio, and an enterprise software business.
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