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VANCOUVER – ZenaTech, Inc., a prepackaged software services company with a market capitalization of $44.7 million, has filed a Form 6-K with the Securities and Exchange Commission (SEC), providing its financial statements and a letter to shareholders from CEO Shaun Passley, Ph.D. The report, submitted for the month of March 2025, adheres to the SEC’s 1934 Act requirements for foreign private issuers. According to InvestingPro data, the company’s stock has experienced significant volatility, declining over 70% in the past year.
According to the filing, ZenaTech, which is incorporated in jurisdiction Z4 and operates under the industrial classification of Services-Prepackaged Software (ETR:SOWGn), maintains its principal executive offices at 777 Hornby Street, Suite 600, Vancouver, British Columbia, Canada. The company reported revenue of $1.47 million in the last twelve months, with a gross profit margin of 100%.
The document, filed today, includes the company’s financial statements (Exhibit 99.1a), management’s discussion and analysis (Exhibit 99.1b), and a letter to shareholders (Exhibit 99.1c), offering insights into the company’s performance and future outlook. With earnings scheduled for April 11, 2025, InvestingPro subscribers can access detailed financial analysis and 8 additional key insights about ZenaTech’s performance. The specifics of these financial results and management’s analysis were not disclosed in the summary of the filing.
Dr. Passley, in his role as Chief Executive Officer, has signed off on the report, fulfilling the company’s obligation under the Securities Exchange Act. The report indicates that ZenaTech will file annual reports under cover of Form 20-F. The company currently maintains a current ratio of 1.57, indicating adequate liquidity to meet short-term obligations.
Investors and stakeholders in the software industry may find interest in ZenaTech’s latest disclosures, as they reflect the company’s operational and financial status as of March 31, 2025. The company’s business address and contact information were also confirmed in the filing.
This filing with the SEC ensures that ZenaTech maintains compliance with U.S. securities laws and provides transparency to its investors. The company’s securities are listed under SEC file number 001-41852.
The information in this article is based on a press release statement from ZenaTech, Inc.
In other recent news, ZenaTech, Inc. has announced several strategic developments aimed at expanding its presence in the drone industry. The company has signed a Letter of Intent to acquire its eighth land survey engineering firm in Arizona, a move designed to strengthen its Drone as a Service (DaaS) business model in the Southwest United States. Additionally, ZenaTech is set to acquire a Florida-based land survey engineering firm, marking its second acquisition in the Southeast region, which is expected to bolster its national DaaS model. In a bid to meet increased production demands, ZenaTech is expanding its workforce by adding 35 new positions at its subsidiary, ZenaDrone, to transition from prototype development to full-scale production. The company has completed the design of its third-generation ZenaDrone 1000, tailored specifically for the US defense and commercial sectors, which signifies a significant milestone for ZenaTech. Moreover, ZenaTech’s operations have benefited from new tariffs on Chinese imports, making its drones more appealing to markets looking for alternatives to Chinese-made products. These expansions reflect ZenaTech’s commitment to innovation and its strategy to capitalize on the growing demand for drone technology across various industries. The company continues to enhance its service capabilities and geographical footprint, with ongoing efforts to innovate in the competitive drone market.
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