Volatus Aerospace Corp.
Volatus Aerospace Corp. Announces Record Fourth Quarter and Record 2021 Annual Sales
DGAP-News: Volatus Aerospace Corp.
Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company"), a leading drone solutions provider, is pleased to announce record sales for Q4 2021 and financial year 2021. The financial year 2021 was a tremendous year of expansion and growth for the Company. The revenue witnessed a growth of 161x, and gross margins grew by 271%.
Key Financial Highlights for 2021:
Key Financial Highlights for Q4 2021:
Operational Highlights: The Company achieved significant milestones in 2021.
The audited consolidated financial statements for the year ended December 31, 2021, and associated management discussion and analysis, are made available under the Company's profile on SEDAR at www.sedar.com. CONFERENCE CALL AND PRESENTATION In conjunction with this release, Volatus will host a conference call tomorrow at 11 AM ET that will be a webcast live. Glen Lynch, Chief Executive Officer and Abhinav Singhvi, Chief Financial Officer and Investor Relations, will host the call. Investors are invited to register for the webinar tomorrow, April 29, 2022, at 11:00 AM Eastern Time (US and Canada) https://us06web.zoom.us/webinar/register/WN_Edcz8-_nQCOqh1gEorIn8Q After registering, you will receive a confirmation email containing information about joining the webinar. Investors with Internet access may listen to the webcast live via the Investor Relations page of the Volatus Aerospace Corp. website. Please allow 15 minutes before the call to download and install any necessary audio software. Audio Replay Options An audio replay of the event will be archived on the Investor Relations page of the company's website. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute ‘forward-looking information’ within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’ or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption ‘Risk Factors’. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact DetailsRob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company WebsiteNews Source: News Direct
28.04.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Volatus Aerospace Corp. |
United States | |
ISIN: | CA92865G1054 |
EQS News ID: | 1339117 |
End of News | DGAP News Service |