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Volatus Aerospace Inc V.FLT

Alternate Symbol(s):  TAKOF

Volatus Aerospace Inc. is a consolidator and integrator of aerial intelligence and logistics solutions. It provides meaningful aerial solutions for end users across various industries using both piloted and remotely piloted aircraft systems. Its services include drone services quote, aerial surveillance, cargo solutions, confined space inspections, drone lidar inspections, drone inspection services, and wildfire services. It provides lidar scanning data acquisition and reality capture services. It integrates the aerial, terrestrial, bathymetric, and subsurface data collection technology and techniques with GIS, 3D, AutoCAD, and lidar software, allowing it to provide intuitive and cost-effective deliverables. Its fleet conducts thorough surveillance operations, ensuring that clients' assets are protected and monitored with precision. It delivers full-scale aerial solutions across a diverse range of industries, including agriculture, construction, energy, public safety, and others.


TSXV:FLT - Post by User

Post by InvestForceon Mar 28, 2022 6:03pm
384 Views
Post# 34553628

Revenue $784,551 still to come... See explanation

Revenue $784,551 still to come... See explanationFrom Sedar and rereading the MD&A I found a nice gold nugget of information. DDC expects $784k revenue to come in once they complete their part of the service contract of deliveries as the contract unfolds over the course of time. That means future revenue is higher than all the combined revenue ever received to date! 

"Where payments are received in advance of completing the corresponding performance

obligation, the amount is recognized as deferred revenue until such performance obligations are completed. The

Company expects to recognize $784,551 of revenue related to performance obligations that are unsatisfied as of

December 31, 2021."

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