ZenaTech (ZENA)
Market Price (3/27/2026): $2.35 | Market Cap: $85.9 MilSector: Information Technology | Industry: Systems Software
ZenaTech (ZENA)
Market Price (3/27/2026): $2.35Market Cap: $85.9 MilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 321% | Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -135% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -168% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -71% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11% | |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Artificial Intelligence. Themes include Factory Automation, Industrial Robotics, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -309%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -383% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -35% | ||
| High stock price volatilityVol 12M is 105% | ||
| Key risksZENA key risks include [1] its ongoing struggle to achieve sustainable profitability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 321% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -71% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Artificial Intelligence. Themes include Factory Automation, Industrial Robotics, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -135% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -168% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -309%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -383% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -35% |
| High stock price volatilityVol 12M is 105% |
| Key risksZENA key risks include [1] its ongoing struggle to achieve sustainable profitability, Show more. |
Qualitative Assessment
AI Analysis | Feedback
ZenaTech (ZENA) stock has lost about 30% since 11/30/2025 because of the following key factors:
1. ZenaTech reported a significant Q3 2025 earnings per share (EPS) miss on November 11, 2025, just prior to the specified period, which likely set a negative sentiment that continued to affect the stock. The company posted an EPS of -$0.25, missing the consensus estimate of -$0.11 by $0.14.
2. Despite strong revenue growth, ZenaTech is projected to remain unprofitable for an extended period, dampening investor enthusiasm. While Q3 2025 revenue saw a record 1,225% year-over-year increase to $4.35 million, analysts forecast the company to remain unprofitable for the next three years, with an estimated annual EPS of -$0.36 for 2026. Additionally, upcoming Q4 2025 earnings, estimated for March 31 or April 7, 2026, are also expected to show a loss, with a consensus EPS estimate around -CA$0.12 or -0.100 USD.
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1. ZenaTech reported a significant Q3 2025 earnings per share (EPS) miss on November 11, 2025, just prior to the specified period, which likely set a negative sentiment that continued to affect the stock. The company posted an EPS of -$0.25, missing the consensus estimate of -$0.11 by $0.14.
2. Despite strong revenue growth, ZenaTech is projected to remain unprofitable for an extended period, dampening investor enthusiasm. While Q3 2025 revenue saw a record 1,225% year-over-year increase to $4.35 million, analysts forecast the company to remain unprofitable for the next three years, with an estimated annual EPS of -$0.36 for 2026. Additionally, upcoming Q4 2025 earnings, estimated for March 31 or April 7, 2026, are also expected to show a loss, with a consensus EPS estimate around -CA$0.12 or -0.100 USD.
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Stock Movement Drivers
Fundamental Drivers
The -32.2% change in ZENA stock from 11/30/2025 to 3/26/2026 was primarily driven by a -32.2% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3262026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.42 | 2.32 | -32.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 8 | 0.0% |
| P/S Multiple | 14.9 | 10.1 | -32.2% |
| Shares Outstanding (Mil) | 37 | 37 | 0.0% |
| Cumulative Contribution | -32.2% |
Market Drivers
11/30/2025 to 3/26/2026| Return | Correlation | |
|---|---|---|
| ZENA | -32.2% | |
| Market (SPY) | -5.3% | 37.1% |
| Sector (XLK) | -7.3% | 36.1% |
Fundamental Drivers
The -52.9% change in ZENA stock from 8/31/2025 to 3/26/2026 was primarily driven by a -77.6% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3262026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.93 | 2.32 | -52.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 8 | 334.4% |
| P/S Multiple | 45.1 | 10.1 | -77.6% |
| Shares Outstanding (Mil) | 18 | 37 | -51.7% |
| Cumulative Contribution | -52.9% |
Market Drivers
8/31/2025 to 3/26/2026| Return | Correlation | |
|---|---|---|
| ZENA | -52.9% | |
| Market (SPY) | 0.6% | 31.3% |
| Sector (XLK) | 1.3% | 29.8% |
Fundamental Drivers
The -31.8% change in ZENA stock from 2/28/2025 to 3/26/2026 was primarily driven by a -65.8% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3262026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.40 | 2.32 | -31.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 8 | 320.9% |
| P/S Multiple | 29.5 | 10.1 | -65.8% |
| Shares Outstanding (Mil) | 17 | 37 | -52.7% |
| Cumulative Contribution | -31.8% |
Market Drivers
2/28/2025 to 3/26/2026| Return | Correlation | |
|---|---|---|
| ZENA | -31.8% | |
| Market (SPY) | 9.8% | 27.6% |
| Sector (XLK) | 18.2% | 31.2% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/26/2026| Return | Correlation | |
|---|---|---|
| ZENA | ||
| Market (SPY) | 69.4% | 13.1% |
| Sector (XLK) | 98.4% | 12.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ZENA Return | - | - | - | -13% | -58% | -23% | -72% |
| Peers Return | 8% | -42% | 55% | 11% | -22% | -28% | -39% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -4% | 75% |
Monthly Win Rates [3] | |||||||
| ZENA Win Rate | - | - | - | 33% | 33% | 33% | |
| Peers Win Rate | 52% | 35% | 60% | 62% | 53% | 13% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| ZENA Max Drawdown | - | - | - | -84% | -74% | -33% | |
| Peers Max Drawdown | -14% | -49% | -16% | -29% | -37% | -31% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEN, PATH, S, CVLT, CHOW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/26/2026 (YTD)
How Low Can It Go
ZENA has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 278 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.5% | -33.9% |
| % Gain to Breakeven | 46.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.1% | -19.8% |
| % Gain to Breakeven | 31.8% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.6% | -56.8% |
| % Gain to Breakeven | 115.3% | 131.3% |
| Time to Breakeven | 1,183 days | 1,480 days |
Compare to GEN, PATH, S, CVLT, CHOW
In The Past
SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.
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About ZenaTech (ZENA)
ZenaTech, Inc. is an enterprise software technology company that specializes in mission-critical cloud-based applications integrated with smart hardware to deliver innovative solutions across diverse industries. The Company operates in software development technology, sales, and distribution. The Company is also developing a drone manufacturing, sales, and distribution business. ZenaTech, Inc. is the parent holding company that operates through the following subsidiary companies: · PacePlus, Inc.(“PacePlus”), a Wyoming, United States of America (“USA”), company, provides cloud-based enterprise software solutions for the medical records industry, with its subsidiaries, o SystemView, Inc. (“SystemView”), a Wyoming, USA, company, provides software solutions for the automated facility management industry, and, o ZigVoice, Inc. (“ZigVoice”), a Wyoming, USA, company, provides software solutions for the contact center industry, · WorkAware, Inc., a Wyoming, USA company, provides cloud-based enterprise safety and compliance management software and mobile solutions that can be utilized in a variety of industries including field management services, · TillerStack, GmbH. (“TillerStack”), a German company, provides cloud-based enterprise field service management software and mobile solutions for a variety of industries, o TillerStack, Inc. was established for US sales of TillerStack software products. o ZenaDrone GmbH (“ZenaDrone German”) was established for drone sales and drone services in Germany. · PsPortals, Inc. (“PsPortals”), a Delaware corporation, provides browser-based enterprise software applications for public safety, and, · ZenaTech, Inc, (“ZenaTech US”), created for conducting future acquisitions in the United States of America, and its subsidiary, o ZenaDrone, Inc., a Wyoming corporation, established for the purpose of selling the drone in the United States of America. Our core products all of which are software related are as follows: Core Product Status Company Product Description EHR Software Released PacePlus, Inc. Electronic Health Record software is Inhouse designed to efficiently manage patient development health information, streamline Generating healthcare workflows and improve patient revenue care and safety Medical Billing Released PacePlus, Inc. A comprehensive billing and Software Inhouse invoicing system specifically development tailored for medical practices, Generating helping manage financial revenue transactions and insurance claims efficiently. SystemView Scada Released SystemView, Inc. A Supervisory Control and Data HMI Software Inhouse Acquisition (SCADA) software development offering real-time monitoring, Generating data visualization, and control revenue for industrial processes. MaintenanceView Released SystemView, Inc. A software application designed Inhouse to streamline and optimize development maintenance operations, ensuring Generating the reliability and longevity of revenue equipment and assets. ReportView Released SystemView, Inc. A powerful reporting tool that Inhouse compiles and presents data from development various sources, simplifying Generating data analysis and supporting revenue informed decision-making. EnergyView Released SystemView, Inc. An energy management software Inhouse that tracks energy consumption, development identifies inefficiencies and Generating offers insights for optimizing revenue energy usage and reducing costs. Strand Video Released SystemView, Inc. A sophisticated video Surveillance Inhouse surveillance system with Software development intelligent analytics, enhancing Generating security and surveillance revenue capabilities for a wide range of environments. Multiplatform Released ZigVoice, Inc. An integrated suite of tools Contact Center Inhouse enabling seamless communication Suite (MCCS) development and management of customer Generating interactions across multiple revenue platforms and channels. Traffic Released ZigVoice, Inc. A traffic analysis software that Calculator Inhouse provides valuable insights into development traffic patterns, helping optimize Generating transportation and infrastructure revenue planning. Zinergy Help Released ZigVoice, Inc. An efficient help desk solution that Desk Software Inhouse centralizes and manages customer development support inquiries, ensuring timely Generating and effective issue resolution. revenue Safety and Released WorkAware, Inc. A comprehensive software platform Compliance Inhouse designed to support businesses in Management development maintaining safety standards, Software Generating compliance, and risk management revenue across industries. Field Service Released TillerStack, GMbH A powerful solution that optimizes Management Inhouse field operations for businesses. From Software development scheduling and dispatching to Generating real-time tracking and reporting, it revenue empowers field service teams to deliver exceptional customer experiences efficiently and effectively. Law Released PsPortals, Inc. A comprehensive and secure platform Enforcement Inhouse designed to empower law enforcement Software development agencies with advanced case Generating management, evidence tracking, and revenue streamlined communication tools. On-site Released TillerStack, GMbH An innovative tool that enables remote Remote Inhouse experts to provide real-time guidance Assistance development to on-site technicians. With seamless Generating AR-powered communication and live video revenue collaboration, it empowers teams to resolve complex issues faster and reduce downtime, revolutionizing on-site support experiences. Commercializing Non-Generating Software Products ZenaPay's software suite – including Plant Tracker, Merchant, Compliance, Supply Chain Blockchain Smart Contract, and Plant Recognition Technology – is spearheading a targeted marketing effort via social media, pay-per-click, and YouTube videos. This campaign is designed to highlight the ways these software products enhance farmers' operations. While these applications are yet to be launched, our current focus is on the drone business, as it aligns with these software offerings. The drone automation complements the software usage. Once the drone business starts generating revenue, the Plant Tracker will be introduced as an add-in service. Product Status Company Product Description ZenaDrone Released ZenaDrone, Inc. A cloud-based application that Plant Tracker Inhouse utilizes blockchain technology to development provide precise tracking and Not currently management of plant-related data, generating enhancing efficiency in agricultural revenue processes. ZenaDrone Beta Release ZenaDrone, Inc. An innovative solution employing Smart Farming Inhouse smart technology to optimize farming development practices, improve crop yields, and Not currently streamline agricultural operations. generating revenue ZenaDrone Testing ZenaDrone, Inc. An automated solution to navigate Compliance Inhouse regulatory requirements seamlessly. Software development It simplifies compliance processes, Not currently ensuring adherence to necessary generating standards with efficiency. revenue Plant Testing ZenaDrone, Inc. Software that utilizes advanced AI Recognition Inhouse technology to identify various Technology development plant species swiftly and Not currently accurately, providing enhanced generating botanical insights for users. revenue The Product Table below shows products that are being developed to integrate with certain of our software products. Product Name Status Company StackLens Prototype TillerStack, GMbH Inhouse development Not currently Generating revenue JourneyMan Device Designed WorkAware, Inc. Inhouse development Not currently Generating revenue Our Anticipated Business We plan to expand our business into Unmanned Vehicle Systems (commonly referred to as “drones”). In that regard, we have developed and have been testing what we believe to be a high-quality drone with certain unique features. ZenaTech, Inc. is the parent holding company that is developing its drone business through the following subsidiary companies: · ZenaDrone, Inc. (“ZenaDrone”), a Wyoming, USA, company, and its subsidiaries, o ZenaDrone Limited (“ZenaDrone Ltd”), an Irish entity established for the Irish and European Union drone sales and drone services operations. The Company created ZenaDrone Limited to register with the Irish Aviation Authority, o ZenaDrone Manufacturing, Inc, an Arizona Corporation, established to manufacture drones in the United States of America, · ZenaDrone, Trading LLC (“ZenaDrone LLC”) a Dubai, United Arab Emirates (“UAE”) company, established in the Middle East for the drone commercial, marketing and sales drone operations, and its subsidiary, o ZenaDrone Manufacturing (FZE) (“ZenaDrone FZE”) a Sharjah, UAE company, established in the Middle East for the manufacturing of drones and batteries. We currently have approximately 115 paying corporate clients using our medical records software, SCADA & HMI software, video surveillance software, call center software and safety and compliance management software, and field service management software. In addition, we have signed five pilot program agreements to evaluate our drone technology incorporating our drone enterprise software that we expect to convert into paying customers. We currently generate all our income from our software business and do not anticipate any changes to the use of existing software products under our current business operated through PacePlus, SystemView, ZigVoice, WorkAware, TillerStack and PsPortals while we pursue our drone business. We have not made any royalty payments on our software products to date. In addition, we have not made any royalty payments on our drones, including to Epazz in respect of software used in our drones. We currently conduct our software business in the United States, Canada, Ireland, United Arab Emirates, and Germany. We currently are testing our drone in Dubai and Ireland. Our principal address and office is located at Suite 1404, 69 Yonge Street, Toronto, Ontario Canada M5E 1K3 and our telephone number is (647) 249-1622. Our registered and records office is located at Suite 700 – 1199 West Hastings Street, Vancouver, British Columbia.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe ZenaTech:
- It's like a smaller scale Constellation Software, managing a diverse portfolio of niche enterprise software, but with a major new venture into industrial drone manufacturing and sales.
- Think of it as an enterprise software provider (like a specialized ServiceNow for various industries) that is also becoming a manufacturer of smart industrial drones.
AI Analysis | Feedback
- Medical Records Software: Provides Electronic Health Record and medical billing solutions for healthcare providers.
- Automated Facility Management Software: Offers SCADA, maintenance, reporting, energy management, and video surveillance tools for industrial and facility operations.
- Contact Center Software: Delivers multiplatform communication, traffic analysis, and help desk solutions for customer interaction management.
- Safety and Compliance Management Software: A platform designed to support businesses in maintaining safety standards and managing risks across industries.
- Field Service Management Software: Optimizes field operations through scheduling, real-time tracking, and remote assistance for various industries.
- Law Enforcement Software: A secure platform designed for case management, evidence tracking, and streamlined communication for public safety agencies.
- Unmanned Vehicle Systems (Drones): Involves the development, manufacturing, sales, and distribution of high-quality drones with unique features.
- Agricultural/Drone Software Suite: Cloud-based applications, including Plant Tracker, Smart Farming, Compliance, and Plant Recognition Technology, integrated with drone operations for agricultural efficiency.
AI Analysis | Feedback
ZenaTech (ZENA) primarily sells its software solutions and emerging drone technology to other companies and organizations, rather than to individuals. The provided text indicates the company has "approximately 115 paying corporate clients" and has signed "five pilot program agreements" with organizations for its drone technology. No specific names of these customer companies are mentioned in the background information.
Based on the various software products and the industries they serve, ZenaTech's major customer categories include:
- Enterprise and Industrial Clients: This broad category covers businesses in diverse sectors such as healthcare (e.g., medical practices using EHR and medical billing software), industrial processes, automated facility management, energy management, security, and any industry requiring field service management, safety, and compliance solutions.
- Public Safety Agencies: Specifically law enforcement agencies, which utilize PsPortals' specialized software for case management and communication.
- Agricultural Businesses: Farmers and agricultural enterprises are targeted customers for ZenaDrone's specialized software suite (e.g., Plant Tracker, Smart Farming, Compliance Software, Plant Recognition Technology) which is designed to integrate with their drone business.
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nullAI Analysis | Feedback
Shaun Passley, PhD - Chairman and CEO
Shaun Passley was appointed CEO in August 2017 and is the founder of ZenaTech. He has over 25 years of expertise in the software industry, with more than 10 years leading public companies. He holds a PhD in Business Management and an MBA from Benedictine University, as well as three other Master's Degrees: a Master of Law from Northwestern University, a Master of Science in Information Technology from DePaul University, and a Master of Science in Product Design from Northwestern University.
James Sherman - CPA, CFO
James Sherman has 30 years of experience as a Certified Public Accountant (CPA) and is an honors graduate from Northern Illinois University. He began his career at a Fortune 500 telecommunications firm and rose through various finance roles. Mr. Sherman served as Acting Treasurer for a $3.5 billion division of Sprint Corporation, where he led a $50 million cost-saving initiative. He was also CFO of a $90 million national transportation and distribution company, leading it from potential bankruptcy to a sale-ready state, and served as CFO for a $250 million division of Mitsubishi Corporation.
Sajjad Asif - Chief Technology Officer
Sajjad Asif was promoted to Chief Technology Officer in October 2024. He previously served as ZenaTech's Vice President of Technology and has held various leadership roles within the ZenaTech group of companies. Mr. Asif has 18 years of professional experience specializing in software and drone technologies, including CTO roles for several European technology companies. He holds a Master of Science in Software Engineering from Blekinge Tekniska Högskola (BTH) in Sweden, an MBA from AIOU in Pakistan, and a BS in Computer Science from PUCIT in Pakistan.
Craig Passley - Corporate Secretary
Craig Passley was appointed Company Secretary in October 2024. He is currently a construction management executive at M/I Homes. Previously, he served as Corporate Secretary for the publicly traded company Epazz from 2005 to 2016, and for FlexFridge. Mr. Passley holds a bachelor's degree in engineering from Bradley University, a master's degree in project management from the Keller Graduate School of Management, and an MBA from Lake Forest School of Management.
Linda Montgomery - Vice President of Corporate Development
Linda Montgomery joined ZenaTech in October 2024 to lead corporate development. She brings over 20 years of professional experience in investor relations, business development, and marketing for international technology companies. Ms. Montgomery has led investor relations for five IPOs. She holds two degrees in business and marketing from the University of Manitoba and the University of Winnipeg, and an investor relations professional accreditation (CPIR) from the Ivey School of Business at Western University.
AI Analysis | Feedback
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Strategic Dependence on Unproven Drone Business: ZenaTech currently generates all its income from its established software business. However, the company is heavily investing in and strategically pivoting towards a new drone manufacturing, sales, and distribution business, with the future commercialization of several key non-revenue-generating software products (such as the ZenaPay suite) explicitly contingent upon the drone business generating revenue. The drone business is nascent, with only five pilot program agreements signed, indicating a high-risk growth strategy dependent on a yet-to-be-proven market entry and revenue generation from this new venture.
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Limited Customer Base and Customer Acquisition Challenges: The company's existing software business relies on approximately 115 paying corporate clients across all its released software products, which is a relatively small and concentrated customer base for an enterprise software company operating in diverse industries. Furthermore, the success of the new and critical drone business is currently dependent on converting a very small number of pilot program agreements (five) into paying customers, highlighting significant customer acquisition challenges and a potentially fragile revenue pipeline for its future growth driver.
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Intense Competition in Diverse Markets: ZenaTech operates in highly competitive markets for both enterprise software solutions and the emerging drone manufacturing and services industry. The company's diverse portfolio of in-house developed software products and its new drone offering face competition from established players with potentially greater resources, market share, and brand recognition. The description does not clearly articulate sustained competitive advantages that would ensure significant market penetration or long-term growth against these competitors.
AI Analysis | Feedback
nullAI Analysis | Feedback
The addressable markets for ZenaTech's main products and services are as follows:- EHR Software: null
- Medical Billing Software: The global medical billing software market was estimated at approximately USD 16.95 billion in 2025.
- SystemView Scada HMI Software: null
- MaintenanceView Software: null
- ReportView Software: null
- EnergyView Software: The global energy management software market was approximately USD 42.69 billion in 2025.
- Strand Video Surveillance Software: null
- Multiplatform Contact Center Suite (MCCS): The global contact center software market was valued at approximately USD 50.78 billion in 2024.
- Traffic Calculator: null
- Zinergy Help Desk Software: The global help desk software market was valued at approximately USD 28.17 billion in 2024.
- Safety and Compliance Management Software: null
- Field Service Management Software: The global field service management market was approximately USD 5.10 billion in 2025.
- Law Enforcement Software: The global law enforcement software market was estimated at approximately USD 18.26 billion in 2025.
- On-site Remote Assistance: The global clientless remote support software market was valued at approximately USD 11.29 billion in 2024.
- Drones (Commercial/Enterprise): The global commercial drone market was calculated at approximately USD 83.97 billion in 2025.
- Drones (Agricultural): The global agricultural drones market was estimated to be valued at approximately USD 5.86 billion in 2025.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for ZenaTech (ZENA)
- Commercialization and Global Expansion of the ZenaDrone Business: ZenaTech plans to significantly expand its business into Unmanned Vehicle Systems (drones). This involves the manufacturing, sales, and distribution of its high-quality drone with unique features across the United States (via ZenaDrone, Inc. and ZenaDrone Manufacturing, Inc.), the European Union (via ZenaDrone Limited), and the Middle East (via ZenaDrone Trading LLC and ZenaDrone Manufacturing (FZE)). This represents a major new revenue stream for the company.
- Conversion of Drone Pilot Programs into Paying Customers: The company has successfully signed five pilot program agreements to evaluate its drone technology, which it explicitly expects to convert into paying customers. This conversion will directly contribute to immediate revenue growth in the drone segment.
- Monetization of Drone-Integrated Software Products: ZenaTech intends to introduce and generate revenue from its currently non-generating software suite, such as Plant Tracker, Smart Farming, Compliance Software, and Plant Recognition Technology. These products are designed to integrate with the drone business, and the Plant Tracker, for instance, will be introduced as an add-in service once the drone business begins generating revenue.
- Growth and Expansion of Existing Enterprise Software Client Base: ZenaTech currently generates all its income from its established software business, serving approximately 115 paying corporate clients with products in medical records, SCADA & HMI, video surveillance, call center, safety and compliance management, and field service management. The company anticipates no changes to the use of these existing software products, implying continued efforts to grow its client base and expand its presence in existing software markets across the United States, Canada, Ireland, United Arab Emirates, and Germany.
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nullLatest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold ZenaTech Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.22 |
| Mkt Cap | 4.5 |
| Rev LTM | 1,147 |
| Op Inc LTM | 57 |
| FCF LTM | 181 |
| FCF 3Y Avg | 254 |
| CFO LTM | 189 |
| CFO 3Y Avg | 264 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.5% |
| Rev Chg 3Y Avg | 15.3% |
| Rev Chg Q | 20.2% |
| QoQ Delta Rev Chg LTM | 4.8% |
| Op Mgn LTM | 3.5% |
| Op Mgn 3Y Avg | -6.8% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 16.5% |
| CFO/Rev 3Y Avg | 21.8% |
| FCF/Rev LTM | 15.8% |
| FCF/Rev 3Y Avg | 21.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.5 |
| P/S | 3.7 |
| P/EBIT | 6.8 |
| P/E | 19.2 |
| P/CFO | 15.9 |
| Total Yield | 2.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.3 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -8.5% |
| 3M Rtn | -35.9% |
| 6M Rtn | -43.2% |
| 12M Rtn | -31.1% |
| 3Y Rtn | -21.6% |
| 1M Excs Rtn | -2.1% |
| 3M Excs Rtn | -27.2% |
| 6M Excs Rtn | -42.1% |
| 12M Excs Rtn | -44.0% |
| 3Y Excs Rtn | -85.3% |
Price Behavior
Price Behavior
| Market Price | $2.32 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/01/2024 | |
| Distance from 52W High | -65.3% | |
| 50 Days | 200 Days | |
| DMA Price | $2.98 | $4.67 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -22.2% | -50.3% |
| 3M | 1YR | |
| Volatility | 103.2% | 105.2% |
| Downside Capture | 380.98 | 241.89 |
| Upside Capture | 242.59 | 187.84 |
| Correlation (SPY) | 32.0% | 30.3% |
ZENA Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.25 | 3.41 | 3.82 | 2.40 | 1.71 | -1.92 |
| Up Beta | 6.01 | 7.62 | 7.79 | 3.76 | 1.14 | 1.25 |
| Down Beta | -1.45 | 2.00 | 1.55 | 0.72 | 1.68 | 1.05 |
| Up Capture | 124% | 221% | 349% | 183% | 334% | 90% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 7 | 16 | 24 | 51 | 110 | 146 |
| Down Capture | 562% | 335% | 365% | 266% | 158% | 111% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 13 | 24 | 36 | 71 | 137 | 200 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZENA | |
|---|---|---|---|---|
| ZENA | -21.2% | 105.4% | 0.23 | - |
| Sector ETF (XLK) | 22.0% | 26.8% | 0.71 | 32.6% |
| Equity (SPY) | 13.1% | 18.9% | 0.52 | 30.6% |
| Gold (GLD) | 45.0% | 27.5% | 1.34 | 11.6% |
| Commodities (DBC) | 17.7% | 17.5% | 0.84 | 19.0% |
| Real Estate (VNQ) | 1.7% | 16.4% | -0.07 | 18.6% |
| Bitcoin (BTCUSD) | -18.7% | 43.9% | -0.35 | 27.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZENA | |
|---|---|---|---|---|
| ZENA | -22.5% | 261.9% | 0.40 | - |
| Sector ETF (XLK) | 16.3% | 24.6% | 0.59 | 12.0% |
| Equity (SPY) | 12.0% | 17.0% | 0.55 | 13.0% |
| Gold (GLD) | 19.8% | 17.6% | 0.92 | -3.1% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | -0.1% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 13.2% |
| Bitcoin (BTCUSD) | 4.1% | 56.7% | 0.29 | -0.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ZENA | |
|---|---|---|---|---|
| ZENA | -12.0% | 261.9% | 0.40 | - |
| Sector ETF (XLK) | 21.1% | 24.3% | 0.80 | 12.0% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 13.0% |
| Gold (GLD) | 12.9% | 15.8% | 0.67 | -3.1% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | -0.1% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 13.2% |
| Bitcoin (BTCUSD) | 67.1% | 66.8% | 1.06 | -0.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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