Q: Good morning, 5i,
Please comment on the recent quarter.
Also, if perceived, please comment on the long-term company strategy.
Thank you as always,
Please comment on the recent quarter.
Also, if perceived, please comment on the long-term company strategy.
Thank you as always,
5i Research Answer:
Volatus provides defense and industrial aerial services such as drone inspections and geomatics. Revenue was up 26% to $34.2 mln for the year and defence equipment revenues doubled from the prior year. The company remains small and higher risk but the results appear to be moving in the right direction as does general tailwinds in the business.