Volatus Aerospace (TSE:FLT) Announces Earnings Results

Volatus Aerospace (TSE:FLT) announced its earnings results on Thursday. The aerospace company reported C($0.01) EPS for the quarter, FiscalAI reports. The company had revenue of C$8.42 million for the quarter. Volatus Aerospace had a negative net margin of 27.14% and a negative return on equity of 115.14%.

Volatus Aerospace Stock Up 5.6%

Shares of TSE:FLT opened at C$0.57 on Friday. The company has a quick ratio of 9.02, a current ratio of 0.71 and a debt-to-equity ratio of 566.20. Volatus Aerospace has a 52-week low of C$0.44 and a 52-week high of C$0.89. The stock’s fifty day simple moving average is C$0.55 and its 200-day simple moving average is C$0.69. The company has a market capitalization of C$415.97 million, a P/E ratio of -14.25 and a beta of 2.98.

Volatus Aerospace Company Profile

Volatus Aerospace Inc provides integrated aerial intelligence, drone logistics and aerospace solutions internationally.

The company offers drone inspection, surveillance, lidar, geomatics, mapping, pipeline monitoring, wildfire support, crewed aviation, drone delivery and training services, as well as remotely piloted aircraft systems and related software platforms. It serves customers in industries including oil and gas, energy and utilities, defense, construction and engineering, infrastructure, mining, agriculture, government, public safety and property development.

The company was formed through the merger of Drone Delivery Canada Corp.