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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

Comment by InvestForceon Aug 18, 2023 4:31pm
274 Views
Post# 35595551

RE:RE:Earnings $175,975 Quarter June 2023, down from 2022

RE:RE:Earnings $175,975 Quarter June 2023, down from 2022

"Research & development expenditures decreased by $200,080 of 45% due to lower expenditures incurred for Canary, as the Company completed the last development milestone during the quarter. Furthermore, due to the crash of the Condor during the quarter while servicing the ISC contract, development work on the Condor was paused and shifted towards investigation of the root cause, utilizing internal and external resources. The Company also experienced lower expenditures on FLYTE as compared to the same period last year due to timing and completion of Canary, battery charging stations and general FLYTE development. The decrease was partially offset by increased expenditures around the integration and testing of the ground based detect and avoid system."

This is from the MD&A readily available to all on SEDAR

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