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.2024 Financial Results 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)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 expensesAssets have increased over 110% to $34.6 million at year-end 2024, up from $16.4 million at year-end 2023.
We also applied for FAA Part 137 certification so we can use our drones for spraying applications for precision agriculture farming and for wildfire management applications in the future. Our subsidiary ZenaDrone has initiated internal cybersecurity processes and controls for us to apply for Green UAS (Unmanned Aerial System) certification for the IQ Square drone for applications including land surveys, bridge inspections and other infrastructure inspections for use by US Defense agencies. This is an important steppingstone to qualifying for the Blue UAS certification to achieve supplier list status to sell directly to US defense branches. Our subsidiaries ZenaDrone and Spider Vision Sensors are also collaborating with Taiwan-based certified electronics manufacturer and partner, Suntek Global, to apply for the company’s first Blue UAS certified IQ Nano drone sensor to enable future use by US Defense customers.
Since our direct listing on Nasdaq in October of 2024, we have been leveraging our software development expertise and growing our AI drone design and manufacturing capabilities through our subsidiary ZenaDrone to innovate and improve inspections, monitoring, surveys, security, and safety processes for commercial and defense markets.
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