ZenaTech’s 2024 Financial Results and CEO Letter to Shareholders Shows Revenue and Assets Increase

About this update from Zenatech, Inc.

[{"type":"image","alt":"ZenaTech Inc.","displaySize":"","headline":null,"caption":"ZenaTech Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":110,"url":"https://media.zenfs.com/en/globenewswire.com/bcbbf0bb54293309f90f8db2e2701e95"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/o8.6d0LmFH9POKz.HybMvA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/bcbbf0bb54293309f90f8db2e2701e95","width":300,"height":110}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces 2024 financial results and presents a letter to shareholders from Chairman and CEO Shaun Passley, Ph.D.","length":403,"tagName":"p"},{"type":"text","content":"2024 Financial Results","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"As of December 31, 2024, and consistent with its recent 6K filing, ZenaTech’s 2024 full-year revenue increased by 7% to $1.96 million as compared to $1.82 million for the full year of 2023 (all figures in $Cdn. dollars)","length":219,"tagName":"p"}]},{"val":[{"type":"text","content":"Comprehensive loss for the period was ($4.04 million) versus ($.251 million) last year due to increased one-time costs of listing on Nasdaq Capital Market from lawyers. accountants, auditors, financial advisor (investment banker) and other going public expenses","length":261,"tagName":"p"}]},{"val":[{"type":"text","content":"Assets have increased over 110% to $34.6 million at year-end 2024, up from $16.4 million at year-end 2023. This is due to the company’s acquisition of three patents, and a total of four software companies. In addition, the company has signed multiple Letters of Intent (LOIs) as part of an acquisition strategy that will tremendously increase future revenue","length":357,"tagName":"p"}]},{"val":[{"type":"text","content":"Liabilities continue to be low, having increased $3.7 million to $12.8 million at year-end 2024 from $9.1 million at year-end 2023","length":130,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company’s ratio of debt to total capitalization i...

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