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š The Numbers That Prove It's Working
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ZENA isn't talking about growth. It's reporting it.Ā ā½Ā²ā¾
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- š° Q3 2025 revenue: $4.35M,Ā up 1,225% year-over-yearĀ ā½Ā²ā¾
- š¦
DaaS contributed $3.57M in Q3 alone vs. zero in Q3 2024Ā ā½Ā²ā¾
- š Nine-month 2025 revenue: $7.73M vs. $2M for all of 2024Ā ā½Ā²ā¾
- šµ Working capital: $23.6M vs. $3.4M at year-end 2024Ā ā½Ā²ā¾
- š¦ Cash reserves and marketable securities: $19.5M as of September 30, 2025Ā ā½Ā²ā¾
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The DaaS model changes the math permanently. Hardware sales are lumpy. Service revenue repeats. Every acquisition adds recurring customers. Every
new vertical expands the opportunity.Ā ā½ā¹ā¾
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š Certification + Key Alignment: The Setup Details
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- šÆĀ Green UAS certification in progress for ZenaDrone 1000, the IQ Nano, and IQ Square: the industryās fast-track pathway to Blue UAS, which is the Pentagon procurement standardĀ ā½Ā¹ā°ā¾
- šļøĀ Congressional engagement: ZenaDrone representatives
met with key offices and staff of Members of Congress in Washington, D.C. to discuss drone innovation and U.S. manufacturing plansĀ ā½Ā¹Ā¹ā¾
- š¬Ā Quantum navigation system in development for GPS-denied environments: a capability increasingly critical to modern defenseĀ ā½Ā¹Ā¹ā¾
- š¤Ā 60%+ insider control: CEO Dr. Shaun Passley controls over 50% of the voting stock and owns ~20% directly. Top three shareholders control over 54%. Tight float:
~38.9M shares outstandingĀ ā½Ā¹ā¾
- āĀ Maxim Group BUY rating ā Five-star analyst Matthew Galinko with a $7 price target, reiterated November 2025Ā ā½Ā¹ā¾
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šÆ Bottom Line
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Here's why ZENA should be front of radar:
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- 4 defense press releases in 12 days: ZenaDrone 2000, IQ Glider, patent filed,
Interceptor P-1. That's a roadmap, not a coincidenceĀ ā½Ā³ā¾ā½āµā¾ā½ā¶ā¾ā½ā·ā¾
- American-made drones with completed paid military trials with the Air ForceĀ and NavyĀ ā½Ā¹ā¾
- DJI ban just handed domestic manufacturers the market and ZENA is already building an NDAA-compliant supply chain in Arizona and TaiwanĀ ā½ā“ā¾
- 1,225% revenue growth in Q3. This isn't a concept, it's executionĀ ā½Ā²ā¾
- Maritime defense patents filed, ZenaDrone 2000 + IQ Glider +
Interceptor P-1 in active developmentĀ ā½Ā³ā¾ā½ā¶ā¾ā½ā·ā¾
- Green and Blue UAS certification pathway underway, the gateway toĀ Pentagon procurementĀ ā½10ā¾
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20 DaaS locations nationwide and internationally through acquisition. Recurring revenue. 25 acquisitions planned by June 2026.Ā ā½Ā²ā¾
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š Keep ZENA at the top of your screen.
Remember to do your own research.
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To your success,
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Max Masters
Co-founder, Market Tips Newsletter
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Sources:
1.Ā https://www.zenatech.com/zenatech-reports-record-1225-year-over-year-revenue-growth-in-q3-2025-and-6x-growth-for-first-nine-months-of-year-as-drone-as-a-service-business-expansion-accelerates/
2.Ā https://www.zenatech.com/zenatech-reports-record-1225-year-over-year-revenue-growth-in-q3-2025/
3.Ā https://www.globenewswire.com/news-release/2026/03/10/zenadrone-iq-glider-maritime/
4.Ā https://dronexl.co/2025/10/31/pentagon-doge-unit-seizes-control-of-drone-program/
5.Ā https://www.globenewswire.com/news-release/2026/zenadrone-2000-maritime-interceptor/
6.Ā https://www.zenatech.com/zenatech-develops-low-cost-single-use-autonomous-interceptor-drone/
7.Ā https://www.zenatech.com/zenadrone-patent-maritime-defense-system/
8.Ā https://www.fortunebusinessinsights.com/military-drone-market-102181
9.Ā https://www.pragmamarketresearch.com/reports/119684/global-drones-as-a-service-daas-market-2022-2032
10.Ā https://www.zenatech.com/zenadrone-green-uas-application-zenadrone-1000/
11.Ā https://www.globenewswire.com/news-release/2026/03/03/zenadrone-blue-uas-congressional/
12.Ā https://stockcharts.com/sc3/ui/?s=ZENA
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