ZenaTech Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025

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, May 15, 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 financial results for the first quarter 2025.","length":333,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenues for the first quarter of 2025 were $1.13 million, up 92% compared to $591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth.","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"ZenaTech’s new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs (Letter of Intent) for additional acquisitions during the quarter.","length":299,"tagName":"p"}]},{"val":[{"type":"text","content":"The company acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers.","length":253,"tagName":"p"}]},{"val":[{"type":"text","content":"The company made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to $5.75 million in Q1 2025 versus about $0.7 million in Q1 of 2024. This primarily consisted of sales and marketing activities, new hires, professional services, and finance expenses.","length":326,"tagName":"p"}]},{"val":[{"type":"text","content":"ZenaTech made investments in its...

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