Business
Volatus Releases Q1 2025 Financial Results
Generated revenue of $5,713,158 in Q1 2025 Achieved 30% EBITDA improvement over Q1 2024 ...
About this update from Volatus Aerospace Inc.
[{"type":"text","content":"Volatus Releases Q1 2025 Financial Results\n\n\n\n\n\n Generated revenue of $5,713,158 in Q1 2025\n \n\n\n\n Achieved 30% EBITDA improvement over Q1 2024\n \n\n\n\n Continuation of optimization efforts post Volatus and Drone Delivery Canada merger of equals\n \n\n\n\n Subsequent to quarter end, closed $3,000,000 fully subscribed LIFE Offering\n \n\n\n\n Subsequent to quarter end, announced closing of shares for debt transaction of $2,646,000 and an additional $446,400, strengthening balance sheet\n \n\n\n\n Volatus will host a webinar and live Q&A on Monday, June 2, 2025, at 8 am ET (see registration link below).\n \n\n\n\n TORONTO, May 29, 2025 (GLOBE NEWSWIRE) --\n \n Volatus Aerospace Inc. (TSXV:FLT) (OTCQB:TAKOF) (Frankfurt:A3DP5Y/ABBA.F)\n \n\n (\"Volatus\" or \"the Company\"),\n \n a leader in aerial solutions, is pleased to announce its financial results for the three months ended March 31, 2025 (Q1 2025). All dollar figures are stated in Canadian dollars, unless otherwise indicated.\n \n\n The Company generated revenues of $5,713,158 for the three months ended March 31, 2025, with a 32% gross margin. Adjusted EBITDA improved by 30%, or $402,004 between Q1 2024 and Q1 2025. The Company also and generated cash from operating activities of $1,448,565 in the quarter.\n \n\n\n Q1 2025 Financial Highlights:\n \n\n\n\n Adjusted EBITDA achieved a 30% year-over-year improvement, reducing the loss from ($1.39 million) in Q1 2024 to ($978K) in Q1 2025.\n \n\n Revenue was $5,713,158 compared to $6,623,741 in Q1 2024. This reduction reflects the Company’s strategic repositioning toward a more resilient and profitable revenue mix, as well as temporary impacts from macroeconomic and geopolitical conditions.\n \n\n The Company witnessed increased demand for equipment in the US market driven by tariff policy changes, resulting in 47% quarter-over-quarter increase in equipment sales. The service revenue saw a contraction consistent with winter slowdown in Canada and the northern US regions.\n \n\n Gross profit for Q1 2025 was $1,829,973, representing a gross margin of 32%, compared to 34% in Q1 2024. This marginal decline is primarily attributable to the higher proportion of lower-margin equipment sales in the revenue mix for the quarter.\n \n\n Available cash on hand as of March 31, 2025, was $1,182,611 compared to $1,803,187 ...