ZenaTech, Inc. (NASDAQ: ZENA; FSE: 49Q; BMV: ZENA) reported record third‑quarter results this morning, led by a surge in Drone‑as‑a‑Service (DaaS) revenue and continued expansion via acquisitions. Financial outlets picked up the release across the day, while filings show the company furnished unaudited nine‑month financials to the SEC. Here’s everything published today, Nov. 11, 2025, plus what it means for the stock and the drone services market. [1]
What ZenaTech announced today
- Headline numbers (all figures CAD):
• Q3 2025 revenue:$4.35M, up 1,225% YoY (vs. $0.33M in Q3’24)
• Nine‑month revenue (YTD 2025):$7.73M, ~6× YoY
• DaaS revenue (Q3):$3.57M (vs. $0 in Q3’24)
• Enterprise SaaS revenue (Q3):$0.78M, +137% YoY
• Working capital (9/30/25):$23.6M
• Total assets (9/30/25):$78.5M
• Non‑cash item:$25M derivative revaluation expense tied to a convertible facility (impacts net income but not cash). [2] - Operations & footprint: ZenaTech completed four U.S. land‑survey/engineering acquisitions in Q3, taking its DaaS network to 10 U.S. locations (plus Dubai and Dublin). The company also established a ZenaDrone manufacturing site in Mesa, Arizona and is commissioning NDAA‑compliant component production in Taiwan via its Spider Vision Sensors unit. [3]
- Defense pathway: Management said it submitted an application for Green UAS certification as part of progressing toward U.S. defense supplier approvals and grew relationships with military program managers and officials. (Note: this is the company’s characterization; certification and supplier approvals are multi‑step processes.) [4]
- CEO commentary: “This quarter’s results demonstrate that our Drone as a Service strategy is scaling faster than expected,” CEO Shaun Passley, PhD, said in the release. [5]
How markets and media reacted today (Nov. 11)
- Coverage timeline:
• 07:30 ET — Company press release with full Q3 details. [6]
• ~07:39 ET — Investing.com summarized the results, highlighting the 1,225% revenue jump and DaaS contribution. [7]
• ~07:06 ET — GuruFocus posted an item noting strong revenue growth alongside continued losses. [8]
• Morning — Yahoo Finance carried the press release for broader distribution. [9]
• Later in the morning — Barron’s noted premarket strength following the report. (Paywalled/limited access.) [10]
• Throughout the day — Additional brief mentions appeared on MarketBeat and StreetInsider; StreetInsider’s filings page referenced a Form 6‑K furnishing unaudited nine‑month financial statements dated Nov. 10, 2025. [11]
Stock action at a glance
As of early afternoon (approx. 14:39 UTC), ZENA traded around $4.01, with an intraday range of $3.99–$4.67 on elevated volume, reflecting post‑release volatility.
Why it matters
- Proof‑point for the DaaS model: The sharp revenue inflection is concentrated in services, where ZenaTech is aggregating regional survey/engineering firms and layering in autonomous flight, analytics, and inspection workflows. That mix can produce steadier, contract‑driven revenue than pure hardware sales—if integration costs are controlled and utilization remains high. [12]
- Balance‑sheet runway vs. non‑cash swings: Working capital and total assets increased meaningfully, but reported net income is being dragged by a non‑cash $25M derivative revaluation tied to a convertible facility. Investors should separate operational cash trends from accounting remeasurements when evaluating profitability trajectories. [13]
- Defense optionality (longer‑dated): The Green UAS step and Mesa, AZ manufacturing setup are aimed at meeting U.S. procurement requirements (e.g., NDAA‑compliant components). These initiatives typically take time to translate into revenue but can expand addressable markets if successful. [14]
By the numbers: Q3 highlights (CAD)
- Revenue: $4.35M (+1,225% YoY)
- DaaS revenue: $3.57M
- Enterprise SaaS revenue: $0.78M (+137% YoY)
- Nine‑month revenue: $7.73M (~6× YoY)
- Working capital (9/30/25): $23.6M
- Total assets (9/30/25): $78.5M
- Non‑cash derivative revaluation expense: $25M (Q3)
All per the company’s Nov. 11 press release. [15]
What to watch next
- Integration & margins: With four Q3 acquisitions and a 10‑location U.S. footprint, the next checkpoints are gross margin progression, utilization of DaaS crews, and SG&A discipline as integrations complete. [16]
- Manufacturing milestones: Progress commissioning the Mesa, AZ facility and ramping a Taiwan components line for NDAA‑compliant supply could influence time‑to‑market for defense‑oriented platforms. [17]
- Filings & disclosures: StreetInsider indicates a Nov. 10 Form 6‑K including unaudited nine‑month financials and MD&A; investors should review those for cash‑flow details and any updates to risk factors. [18]
Today’s source roundup (Nov. 11, 2025)
- Official press release (primary source): ZenaTech Q3 2025 results (07:30 ET). [19]
- Media summaries: Investing.com (07:39 AM); GuruFocus (~07:06); Yahoo Finance carry. [20]
- Market reaction: Intraday pricing/volume via market data.
- Filings context: StreetInsider’s 6‑K entry (Nov. 10). [21]
Editorial note for readers
Figures above are Canadian dollars as stated by the company. Coverage items listed here reflect articles and notices published on Nov. 11, 2025, and are attributed to their respective outlets; paywalled items may require access. Always consult the company’s official filings for definitive financial statements. [22]
References
1. www.globenewswire.com, 2. www.globenewswire.com, 3. www.globenewswire.com, 4. www.globenewswire.com, 5. www.globenewswire.com, 6. www.globenewswire.com, 7. www.investing.com, 8. www.gurufocus.com, 9. finance.yahoo.com, 10. www.barrons.com, 11. www.marketbeat.com, 12. www.globenewswire.com, 13. www.globenewswire.com, 14. www.globenewswire.com, 15. www.globenewswire.com, 16. www.globenewswire.com, 17. www.globenewswire.com, 18. www.streetinsider.com, 19. www.globenewswire.com, 20. www.investing.com, 21. www.streetinsider.com, 22. www.globenewswire.com
