See more : SportsHero Limited (SHO.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 Receives FAA Approval for Commercial Agricultural Aircraft Operations with Drones
Volatus Aerospace Completes the Acquisition of UAVHub and The Drone Mentor
Volatus Aerospace Strengthens Online Drone Training in the UK with Acquisition of UAVHub and The Drone Mentor
Volatus Announces Revenue Growth, Increased Gross Margins and Cost reductions in Q3 2023
Volatus Aerospace Completes the Acquisition of iRed Limited
Volatus Aerospace Delivers $1.6M of Surveillance Drones to a Canadian Defense Contractor
Volatus Expands Power Utility Drone Inspections with New Multi-Year Contract of up to $60M
Volatus Aerospace Partners with Flyscan Systems to Automate the Next Generation of Aerial Pipeline Surveillance for Its Oil and Gas Clients
Volatus Aerospace to Expand into US Oil and Gas Pipeline Surveillance Market
Volatus Announces 31% Revenue Growth & 34% Gross Margins in Q2 2023
Source: https://incomestatements.info
Category: Stock Reports