Added to YB: 2026-04-08
Pitch date: 2026-04-06
FLT.TO [neutral]
Volatus Aerospace Inc.
-4.17%
current return
Author Info
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Company Info
Volatus Aerospace Inc. provides integrated drone solutions in Canada, the United States, the United Kingdom, and Norway.
Market Cap
CAD 493.7M
Pitch Price
CAD 0.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
-54.28
P/E
-18.25
EV/Sales
13.82
Sector
Passenger Airlines
Category
N/A
Volatus Aerospace ($FLT.TO) FINS Review
FLT.TO (overview): $34.2M rev (+26% YoY) but gross margin fell 270bps to 32.5%; Q4 worse w/ net losses +107%. $22M net loss in 2025 (+65% YoY), $40M cash burn over 5yrs. Trades ~$500M MC (high P/S) despite losses. Strong balance sheet: $41M cash, 3.8x current ratio but $19.5M debt at 8-15% rates. 668M shares (+43% dilution), 767M fully diluted. $600M pipeline cut to $500M, only $9M contract signed. Defence/drone sector bullish but fundamentals weak. Likely acquisition target play.
Read full article (5 min)