ZenaTech

ZENA

Aerospace & Defense · Technology

Price

$1.48

-0.05 (-3.27%)

Market Cap

$37.7M

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+103.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 16.8M (2021) → 34.2M (2025)

ZenaTech is a small technology company that builds software and drones for businesses and governments. Its main products include AI-powered software platforms and industrial drones used for tasks like inspections, mapping, and logistics. The company targets customers in sectors such as defense, public safety, and enterprise operations.

ZenaTech earns revenue through software licenses, drone hardware sales, and service contracts. It operates primarily in North America but has pursued international government contracts as well. The company is very small, with a market cap near zero, and it is currently losing significantly more money than it brings in — its operating margin is deeply negative. The key risk is straightforward: ZenaTech must grow revenue fast enough to cover its costs before it runs out of resources, and competition in both the drone and AI software markets is intense, with much larger, better-funded rivals already established.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+670.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-306.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

67.2%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~1 months

$6M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

ZenaTech grew revenue 671% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-57.2%

Thin — -57.2% gross margin

Operating Margin

-262.4%

Losing money on operations — -262.4%

ROCE

-15.8%

Weak — -15.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+557.6%

Fast-growing sales (557.6% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-313.9%

Burning cash (-313.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.27

Conservative — low debt load (0.27)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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