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Volatus Aerospace Inc. provides integrated drone solutions in Canada, the United States, the United Kingdom, and Norway. The company offers UAV drone services; surveillance as a service, which utilizes an integrated array of aerial and ground-based technologies to gather intelligence data; pipeline integrity monitoring; specialized geomatic services comprising lidar surveys and custom GIS services, including map generation and integrated geographical information consulting services; drone lidar scanning data acquisition and reality capture services; and drone inspection and delivery services. It also provides wildfire services; geomatics that include lidar, photogrammetry, aerial imagery, precision agriculture, change detection, photointerpretation, and gas detection and thermography inspection services; crewed aerial services; Canary Remotely Piloted Aircraft for autonomous cargo transportation; DroneSpot for drone delivery operations; and advanced integrity reporting system (AIRS) 3, which is a software platform for data gathering, analysis, and reporting of oil and gas client infrastructures. In addition, the company offers aerial intelligence, cargo and logistics, and equipment sales and maintenance services; drones, sensors, batteries, drone sets, and related accessories; Aerieport drone nesting station for landing, recharging, and data transfer; and trade-in program, as well as drone pilot training in digital, virtual, and onsite formats to various levels of drone pilots. It serves the oil and gas, energy and utilities, construction and engineering, defense, forestry and conservation, government and public agencies, infrastructure and transportation, mining and aggregates, precision agriculture, property development and maintenance, and public safety industries. Volatus Aerospace Inc. was founded in 1987 and is based in Vaughan, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Volatus Aerospace Inc. is a Canadian aviation services company offering helicopter and fixed-wing operations, aircraft maintenance and pilot training to government and commercial customers. Long-term growth may be supported by demand for emergency medical services, infrastructure inspection and energy-sector work plus recurring maintenance and contracted flight revenue, which may attract investors.
Key risks include dependence on government and large commercial contracts, operational and regulatory exposure, fuel and insurance cost volatility and execution risk on fleet utilization.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -22.15M | -13.59M | -10.16M | -5.38M | -3.68M |
| Minority interest | 0.63M | 0.17M | 0.23M | 0.83M | 0.90M |
| Net income | -21.36M | -13.14M | -9.46M | -4.62M | -3.68M |
| Selling general administrative | 13.25M | 9.04M | 9.56M | 9.13M | 3.13M |
| Gross profit | 11.10M | 9.56M | 11.14M | 8.35M | 2.53M |
| Reconciled depreciation | 6.14M | 4.82M | 4.03M | 1.85M | 0.40M |
| Operating income | -14.85M | -10.89M | -9.06M | -7.19M | -1.98M |
| Interest expense | 4.67M | 2.85M | 1.66M | 0.48M | 0.41M |
| Tax provision | -0.15M | -0.28M | -0.46M | 0.07M | - |
| Net interest income | -5.21M | -2.94M | -1.78M | -0.53M | -0.44M |
| Total revenue | 34.20M | 27.15M | 34.87M | 29.77M | 9.91M |
| Total operating expenses | 49.06M | 38.03M | 43.94M | 36.97M | 11.90M |
| Cost of revenue | 23.10M | 17.59M | 23.74M | 21.43M | 7.39M |
| Total other income expense net | -2.09M | 0.23M | 0.68M | 2.34M | -1.26M |
| Net income from continuing ops | -22.00M | -13.31M | -9.69M | -5.45M | -3.68M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 92.66M | 57.80M | 26.88M | 28.20M | 18.74M |
| Intangible assets | 15.11M | 13.54M | 4.77M | 4.13M | 1.61M |
| Other current assets | 0.25M | 0.27M | 0.44M | 0.42M | 0.03M |
| Total liab | 24.95M | 31.47M | 24.34M | 17.78M | 7.67M |
| Total stockholder equity | 69.25M | 27.28M | 3.31M | 12.20M | 12.03M |
| Other current liab | - | 0.14M | 0.18M | 0.00M | 0.23M |
| Capital stock | 103.26M | 46.90M | 13.71M | 11.31M | 9.81M |
| Retained earnings | -53.94M | -32.58M | -19.44M | -7.13M | -2.50M |
| Good will | 20.74M | 20.74M | 0.96M | 0.96M | 0.86M |
| Cash | 41.11M | 1.56M | 1.26M | 3.68M | 8.81M |
| Total current liabilities | 13.05M | 20.37M | 14.70M | 9.33M | 3.62M |
| Net debt | - | 20.51M | 15.95M | 8.75M | - |
| Short long term debt | 8.65M | 12.50M | 9.34M | 5.53M | 0.20M |
| Total current assets | 49.54M | 11.98M | 10.50M | 13.78M | 10.99M |
| Long term investments | - | - | - | - | 0.00M |
| Net receivables | 3.32M | 4.43M | 3.51M | 4.06M | 0.70M |
| Long term debt | 10.89M | 9.56M | 7.87M | 6.90M | 2.71M |
| Inventory | 3.27M | 3.10M | 2.98M | 3.76M | 0.69M |
| Accounts payable | 1.43M | 3.82M | 2.84M | 2.80M | 1.56M |
| Non currrent assets other | - | - | -0.00M | -0.00M | - |
| Non current assets total | 43.12M | 45.83M | 16.37M | 15.42M | 7.75M |
| Capital lease obligations | 1.90M | 2.01M | 1.52M | 1.15M | 1.36M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Net borrowings | -5.42M | 11.11M | 1.68M | -0.51M | 3.79M |
| Total cash from financing activities | 48.58M | 13.40M | 1.68M | 2.89M | 11.79M |
| Net income | -21.36M | -13.14M | -9.46M | -4.62M | -2.78M |
| Change in cash | 39.40M | 0.30M | -2.43M | -5.12M | 8.62M |
| Begin period cash flow | 1.56M | 1.26M | 3.68M | 8.81M | 0.19M |
| End period cash flow | 41.11M | 1.56M | 1.26M | 3.68M | 8.81M |
| Total cash from operating activities | -7.50M | -12.43M | -2.08M | -7.11M | -1.57M |
| Issuance of capital stock | 44.75M | 2.33M | 0.00M | 3.74M | 0.00M |
| Depreciation | 6.14M | 4.82M | 4.03M | 1.85M | 0.40M |
| Change to inventory | 0.58M | -0.12M | 0.78M | -0.54M | -0.23M |
| Sale purchase of stock | 0.00M | -0.07M | -0.00M | -0.35M | 0.00M |
| Capital expenditures | 1.70M | 1.45M | 1.73M | 0.07M | 0.28M |
| Change in working capital | -1.66M | -6.77M | 2.25M | -3.65M | -0.28M |
| Stock based compensation | 1.52M | 0.53M | 0.72M | 1.24M | 0.46M |
| Other non cash items | 6.22M | 2.69M | 1.17M | -1.19M | 0.11M |
| Free cash flow | -9.20M | -13.88M | -3.81M | -7.11M | -1.85M |
Sector: Industrials Industry: Aerospace & Defense
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FLT Volatus Aerospace Inc. |
-0.05 10.22% |
0.42 | - | 68.97 | 15.23 | 7.55 | 14.66 | -8.39 |
| RTX RTX CDR (CAD Hedged) |
-1.38 3.04% |
44.02 | 33.89 | 26.53 | 2.72 | 3.67 | 3.14 | 18.41 |
| CAE CAE Inc. |
-0.69 1.81% |
37.33 | 29.58 | 28.65 | 2.31 | 2.24 | 2.95 | 12.40 |
| BBD-PD Bombardier Inc Pref D |
0.06 0.29% |
20.40 | - | - | 1.20 | - | - | - |
| BBD-PB Bombardier Inc Pref B |
0.23 1.15% |
20.25 | - | - | 1.10 | - | - | - |
Volatus Aerospace Inc. provides integrated drone solutions in Canada, the United States, the United Kingdom, and Norway. The company offers UAV drone services; surveillance as a service, which utilizes an integrated array of aerial and ground-based technologies to gather intelligence data; pipeline integrity monitoring; specialized geomatic services comprising lidar surveys and custom GIS services, including map generation and integrated geographical information consulting services; drone lidar scanning data acquisition and reality capture services; and drone inspection and delivery services. It also provides wildfire services; geomatics that include lidar, photogrammetry, aerial imagery, precision agriculture, change detection, photointerpretation, and gas detection and thermography inspection services; crewed aerial services; Canary Remotely Piloted Aircraft for autonomous cargo transportation; DroneSpot for drone delivery operations; and advanced integrity reporting system (AIRS) 3, which is a software platform for data gathering, analysis, and reporting of oil and gas client infrastructures. In addition, the company offers aerial intelligence, cargo and logistics, and equipment sales and maintenance services; drones, sensors, batteries, drone sets, and related accessories; Aerieport drone nesting station for landing, recharging, and data transfer; and trade-in program, as well as drone pilot training in digital, virtual, and onsite formats to various levels of drone pilots. It serves the oil and gas, energy and utilities, construction and engineering, defense, forestry and conservation, government and public agencies, infrastructure and transportation, mining and aggregates, precision agriculture, property development and maintenance, and public safety industries. Volatus Aerospace Inc. was founded in 1987 and is based in Vaughan, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Glen Lynch | President, CEO & Director | 1964 |
| Mr. Abhinav Singhvi | Chief Financial Officer | NA |
| Mr. Robert Walker | Chief Commercial Officer | 1962 |
| Mr. Luc Masse | Executive VP & Secretary | 1959 |
| Mr. Greg Colacitti | Chief Operating Officer | NA |
| Mr. Krish Srinivasan | Chief Technology Officer | NA |
| Ms. Danielle Gagne | Head of Global Training Strategy & Business Development | NA |
| Mr. Richard Nasmith | Senior VP of Business Development | NA |
| Mr. Glen Lynch | President, CEO & Director | 1965 |
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