See more : Security Matters Limited (SMX.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Volatus Aerospace Corp. (VLTTF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Volatus Aerospace Corp., a leading company in the Aerospace & Defense industry within the Industrials sector.
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Volatus Aerospace Corp. (VLTTF)
About Volatus Aerospace Corp.
Volatus Aerospace Corp. provides integrated drone solutions for commercial and defense markets in Canada, the United States, Latin America, the United Kingdom, and rest of Europe. The company offers drone services, including infrastructure inspection, mapping, survey, and imaging; and drone training and consulting services comprising pilot certification, flight skills, equipment training, beyond-visual-line-of-sight readiness, as well as OEM equipment testing and certification, operational manuals, SOPs, safety systems, SORA, waivers, and SFOCs. It also provides sensors and other ancillary components and equipment; unmanned systems equipment sales and servicing; GIS solutions; and data processing and management, maintenance, and repair services for various industries, as well as researches and develops, manufactures, tests, and commercializes various technologies. In addition, the company offers aircraft management, charter, and cargo services; and public safety and defense equipment and solutions. Volatus Aerospace Corp. is based in Oro-Medonte, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.87M | 29.77M | 9.91M | 61.23K | 8.91M | 12.78M | 13.90M | 13.03M | 14.24M |
| Cost of Revenue | 35.48M | 21.43M | 7.39M | 56.91K | 8.50M | 11.58M | 12.49M | 11.82M | 12.95M |
| Gross Profit | -606.41K | 8.35M | 2.53M | 4.32K | 406.91K | 1.19M | 1.42M | 1.21M | 1.28M |
| Gross Profit Ratio | -1.74% | 28.03% | 25.51% | 7.05% | 4.57% | 9.34% | 10.19% | 9.27% | 9.02% |
| Research & Development | 1.34M | 541.02K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 8.19M | 10.91M | 3.65M | 47.62K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.86M | 2.23M | 521.25K | 14.22K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 7.12M | 13.13M | 4.17M | 61.84K | 669.89K | 710.73K | 670.88K | 909.91K | 603.62K |
| Other Expenses | 15.41K | 336.50K | 131.79K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.04K |
| Operating Expenses | 8.46M | 14.98M | 4.51M | 63.32K | 669.89K | 710.73K | 670.88K | 909.91K | 597.58K |
| Cost & Expenses | 43.94M | 36.41M | 11.90M | 120.23K | 9.17M | 12.29M | 13.16M | 12.73M | 13.55M |
| Interest Income | 1.66M | 479.01K | 427.66K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 423.43K | 410.23K | 153.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 4.03M | 1.87M | 401.43K | 190.47K | 4.87K | 6.32K | 8.22K | 23.36K | 29.24K |
| EBITDA | -4.46M | -5.02M | -2.87M | -59.00K | -258.11K | 488.73K | 754.58K | 321.12K | 716.18K |
| EBITDA Ratio | -14.43% | -16.86% | -14.92% | -96.35% | -2.90% | 3.83% | 5.43% | 2.46% | 5.03% |
| Operating Income | -9.06M | -6.71M | -2.04M | -59.21K | -262.98K | 482.41K | 746.36K | 297.76K | 686.94K |
| Operating Income Ratio | -25.99% | -22.55% | -20.63% | -96.70% | -2.95% | 3.78% | 5.37% | 2.28% | 4.82% |
| Total Other Income/Expenses | -1.09M | 1.33M | -1.63M | 494.85K | 175.92K | -28.50K | -13.31K | -6.00 | -39.52K |
| Income Before Tax | -10.16M | -7.00M | -3.68M | 435.64K | -87.06K | 453.91K | 733.05K | 297.75K | 647.43K |
| Income Before Tax Ratio | -29.13% | -23.51% | -37.11% | 711.48% | -0.98% | 3.55% | 5.27% | 2.28% | 4.55% |
| Income Tax Expense | -464.22K | 777.09K | -355.57K | -4.52K | -21.23K | 123.07K | 194.44K | 105.33K | 67.51K |
| Net Income | -9.46M | -7.00M | -2.78M | 440.10K | -65.83K | 330.84K | 538.61K | 192.42K | 579.92K |
| Net Income Ratio | -27.14% | -23.51% | -28.05% | 718.77% | -0.74% | 2.59% | 3.87% | 1.48% | 4.07% |
| EPS | -0.08 | -0.07 | -0.10 | -0.23 | -0.02 | 0.11 | 0.18 | 0.06 | 0.19 |
| EPS Diluted | -0.08 | -0.07 | -0.10 | -0.23 | -0.02 | 0.11 | 0.18 | 0.06 | 0.19 |
| Weighted Avg Shares Out | 117.89M | 104.93M | 28.58M | 3.07M | 3.07M | 3.07M | 3.07M | 3.07M | 3.07M |
| Weighted Avg Shares Out (Dil) | 117.89M | 104.93M | 28.58M | 3.07M | 3.07M | 3.07M | 3.07M | 3.00M | 3.07M |
Volatus Aerospace Inc. to Present at The 2024 Cantech Letter Conference in Toronto, ON
Drone Delivery Canada Corp. and Volatus Aerospace Corp. Complete Previously Announced Merger of Equals
Volatus Aerospace Announces Financial Results for Second Quarter 2024
Volatus Aerospace Corp. Announces Intention To Amend Its Convertible Debentures
Volatus Aerospace Signs Sales Agency Agreement with Xer Technologies for Distribution in North America
Volatus Aerospace Provides $2.4M CAD Drone and Training Package to a North American Disaster Response Entity
Volatus Aerospace Corp. Continues to Expand Oil and Gas Right of Way Surveillance Business into U.S.
Volatus Aerospace Corp. and Drone Delivery Canada Corp. to Collaborate on Commercializing Drone Nesting Stations
Volatus Releases 2023 Financial Results and Provides General Corporate Update
Volatus Aerospace Announces Late Filing of Annual Financial Statements and Failure-to-File Cease Trade Order
Source: https://incomestatements.info
Category: Stock Reports