Volatus Aerospace (TSE:FLT) Issues Quarterly Earnings Results

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

Volatus Aerospace Stock Performance

TSE FLT traded up C$0.03 on Thursday, hitting C$0.57. 808,110 shares of the stock traded hands, compared to its average volume of 1,827,901. The company has a debt-to-equity ratio of 566.20, a quick ratio of 9.02 and a current ratio of 0.71. The business’s fifty day moving average is C$0.55 and its two-hundred day moving average is C$0.69. Volatus Aerospace has a 12 month low of C$0.44 and a 12 month high of C$0.89. The firm has a market capitalization of C$415.97 million, a price-to-earnings ratio of -14.25 and a beta of 2.98.

About Volatus Aerospace

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.