Domo signs strategic collaboration agreement with AWS for AI solutions
VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a $74 million market cap company specializing in artificial intelligence (AI) drones and quantum computing solutions, has announced its involvement in advancing drone swarms and quantum computing initiatives for the U.S. military. Despite a challenging year with the stock down over 67%, the company has shown recent momentum with a 9% gain last week. The company is set to showcase these developments at three investor conferences this week.Want deeper insights into ZenaTech’s performance? InvestingPro offers exclusive analysis with 8 additional ProTips and comprehensive financial metrics.
ZenaTech, which also offers Drone as a Service (DaaS) and Enterprise Software as a Service (SaaS), aims to demonstrate its latest technologies for various applications, including military operations and disaster management. While the company reported revenue growth of 24.5% in the last twelve months, InvestingPro analysis indicates a weak financial health score, suggesting potential challenges ahead. CEO Shaun Passley, Ph.D., emphasized the importance of intelligent, networked systems in modern warfare, which prioritize speed, data, and autonomy over traditional firepower.
The company will participate in the Maxim Group Virtual Tech Conference on June 4, where its CFO, Jim Sherman, will join a panel discussion on drone companies. This event gathers emerging growth companies at the forefront of AI and quantum computing innovation.
Following this, ZenaTech will be represented by VP of Corporate Development Linda Montgomery at the MicroCap Rodeo Investor Conference in New York City on June 6. This conference is known for connecting microcap companies with institutional investors.
Lastly, ZenaTech’s executives will attend the CEM Bermuda Capital Event from June 7-9, an invitation-only forum designed for strategic dialogue between high-growth companies and a network of investors.
ZenaTech has been leveraging its software development expertise since 2017, growing its drone design and manufacturing capabilities through its subsidiary, ZenaDrone. Its portfolio includes drones for agriculture, defense, and logistics sectors, aiming to enhance operational efficiencies and cost savings. The company operates globally with offices in North America, Europe, Taiwan, and the UAE.
The press release includes forward-looking statements regarding ZenaTech’s growth, operations, and future performance. These statements are subject to various risks, including the volatility of stock prices, operating in emerging markets, and the competitive nature of the industry.
Investors interested in one-on-one meetings with ZenaTech at any of the mentioned events are directed to the conference websites for more details. This announcement is based on a press release statement from ZenaTech.
In other recent news, ZenaTech, Inc. reported a significant increase in its first-quarter revenue for 2025, nearly doubling its earnings year-over-year. This financial milestone is part of the company’s strategic initiatives, including the FAA’s approval of its subsidiary, ZenaDrone, for agricultural drone operations under 14 CFR Part 137. ZenaTech’s expansion in the agricultural sector is poised to capitalize on the growing market, projected to reach $24 billion by 2032. Additionally, ZenaTech has acquired Laventure & Associates, Inc., enhancing its Drone as a Service (DaaS) capabilities for powerline inspections. This acquisition marks the company’s fifth in the U.S. as part of a broader plan to integrate up to 20 companies within the next year.
Furthermore, ZenaTech is expanding its operations in the UAE with a new office in Dubai, focusing on drone-powered cleaning services for skyscrapers. The company is also advancing its wildfire response capabilities through the Clear Sky project, integrating AI and quantum computing to enhance environmental monitoring. These developments reflect ZenaTech’s commitment to diversifying its services and expanding its global footprint in sectors such as agriculture, infrastructure, and environmental management.
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