Ventum Capital Markets
Proceeds from this and a recent financing will allow for expansion of various lines of business, noted a Ventum Capital Markets report.
Volatus Aerospace's authorization from the Federal Aviation Administration will let it attain revenues from the sale, charter, or operational support of agricultural drones, as well as recurring revenues from its operation, management, and maintenance, according to an Echelon Capital Markets report.
While recent third-quarter financial results were not aligned with expectations, Volatus Aerospace has positives in the strong growth of recurring services, noted Echelon analyst Rob Goff.
The work, to begin in October, entails inspections of the client's energy infrastructure in the States, noted an Echelon Capital Markets report.
A robust sales pipeline and cost-cutting measures helped the company recover, such that it is expected to turn EBITDA positive in Q4/23, noted an Echelon Capital Markets report.
In the impending financial results, Echelon Capital Markets wants to see a sales pipeline update and "confirmation that Q1/23 headwinds have subsided," it noted in a report.