EU and US could reach trade deal this weekend - Reuters
ZenaTech, Inc., a $4.46 billion market cap company specializing in prepackaged software services, has filed a report as a foreign private issuer with the United States Securities and Exchange Commission (SEC). According to InvestingPro data, the company maintains a "Good" financial health score, indicating strong operational stability. The report, submitted on Wednesday, May 14, 2025, is in accordance with SEC rules 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
The filing, identified by Commission File Number 001-41852, indicates that ZenaTech, Inc. will file annual reports under Form 20-F. This form is utilized by non-U.S. domiciled companies to provide financial information equivalent to that required of domestic issuers. With annual revenue of $1.35 billion and an impressive gross profit margin of 83%, the company demonstrates strong financial performance. The document was signed by Dr. Shaun Passley, the Chief Executive Officer of ZenaTech, Inc., on May 13, 2025, and includes financial statements, management discussion and analysis, auditor consent, and an acquisition stock purchase agreement.
The company, incorporated under the jurisdiction code Z4 with a fiscal year ending on December 31, is headquartered at 69 Yonge Street, Suite 1403, Toronto, Ontario, Canada. The report does not detail the contents of the financial statements or the management discussion and analysis, but these documents are essential for investors and regulators to assess the company’s financial health and strategic direction.
The acquisition stock purchase agreement, which is part of the exhibit index, suggests that ZenaTech, Inc. may be involved in a recent acquisition, although specifics of the transaction are not disclosed in the filing. This could potentially indicate expansion or consolidation efforts by the company, which could be of interest to stakeholders and market watchers.
Investors and interested parties can access the full details of the filing through the SEC’s EDGAR database. The report is based on a press release statement and provides a snapshot of ZenaTech’s compliance and reporting as a foreign entity engaged in the U.S. securities market. For investors seeking deeper insights, InvestingPro offers comprehensive financial analysis and the company’s next earnings report is scheduled for August 5, 2025.
In other recent news, Magnolia Oil & Gas Corp reported its Q1 2025 earnings, which exceeded expectations with an earnings per share (EPS) of $0.54, slightly above the forecasted $0.53. The company’s revenue also surpassed projections, reaching $350.3 million against a forecast of $336.58 million. Magnolia Oil & Gas achieved a record production rate of 96,500 barrels of oil equivalent per day, marking a 14% increase in total production growth compared to the previous year. The company maintained a disciplined approach to capital spending, resulting in a 9% year-over-year increase in total adjusted net income to $106 million. Additionally, Magnolia Oil & Gas held its 2025 Annual Meeting of Stockholders, where all eight nominees for director were elected, and KPMG LLP was appointed as the independent registered public accounting firm for the fiscal year 2025. The board decided that future say-on-pay votes will occur annually, starting with the 2026 Annual Meeting. Magnolia Oil & Gas also announced a reduction in its full-year capital spending guidance to a range of $430-$470 million, while increasing its full-year production growth guidance to 7-9%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.