Volatus Aerospace Inc. (TAKOF)
Volatus Aerospace Inc. operates as a consolidator and integrator of aerial intelligence and logistics solutions. Its mission is to build a comprehensive aerial intelligence and logistics ecosystem that provides agile and streamlined solutions for end users across various industries. The company was founded on December 17, 1987 and is headquartered in Vaughan, Canada.
Industry: Aerospace & Defense
Volatus Aerospace Inc.
OTC:TAKOFTechnology · Computer Hardware
-0.44%$0.3435
Mkt Cap$257.83M
Float532.39M
O/S750.65M
Inst Own-
SI0.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$24.38M
Net Income-$15.23M
Total Assets$66.05M
Free Cash Flow-$6.56M
Debt & Equity
Debt 24%
Equity 76%
Preferred 0%
Total Debt$15.28M
Total Equity$49.37M
Preferred Stock$147K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TAKOF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$66.05M
Liabilities$17.79M
Accounts Receivable$2.4M
Accounts Payable$1.02M
Inventory$2.33M
PP&E (Net)$5.18M
Goodwill$14.78M
Intangible Assets$10.77M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Revenue | $24.38M | $19.35M | $24.86M | $589K | $239K | $189K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | 26.0% | -22.2% | 4119.6% | 146.7% | 26.3% | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $16.47M | $12.54M | $16.92M | $160K | $248K | $109K | $280K | $17K | $8K | $12K | $8K | $0 | $0 | $0 | $0 |
| Gross Profit | $7.91M | $6.81M | $7.94M | $429K | -$9K | $80K | -$280K | -$17K | -$8K | -$12K | -$8K | $0 | $0 | $0 | $0 |
| Gross Margin | 32.5% | 35.2% | 31.9% | 72.8% | -3.6% | 42.4% | - | - | - | - | - | - | - | - | - |
| Research and Development | $180K | $29K | $956K | $1.39M | $1.16M | $1.57M | $2.01M | $2.88M | $1.64M | $321K | $22K | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $9.45M | $6.44M | $6.82M | $8.28M | $8.77M | $7.99M | $8.77M | $11.08M | $4.31M | $1.25M | $242K | $355K | $569K | $359K | $93K |
| Other | $8.87M | $8.1M | $6.63M | $276K | $132K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $18.5M | $14.57M | $14.4M | $10.39M | $10.54M | $10.15M | $11.07M | $13.98M | $5.96M | $1.59M | $242K | $355K | $569K | $359K | $93K |
| Operating Income (EBIT) | -$10.59M | -$7.76M | -$6.46M | -$10.03M | -$10.64M | -$10.15M | -$11.07M | -$13.98M | -$5.96M | -$1.59M | $1.13M | -$348K | $569K | -$358K | -$93K |
| Operating Margin | -43.4% | -40.1% | -26.0% | -1703.2% | -4456.0% | -5367.6% | - | - | - | - | - | - | - | - | - |
| Interest Expense | $3.33M | $2.04M | $1.19M | $33K | $39K | $79K | $53K | $3K | $3K | $5K | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $212K | $44K | $79K | $179K | $0 | $0 | $0 | $5K | $12K | $5K | $3K | $2K |
| Other Income (Expense) | -$5.2M | -$1.93M | -$780K | $1.29M | -$1.16M | $353K | -$53K | -$186K | -$249K | -$611K | -$1.36M | $186K | -$1.13M | -$666 | $3K |
| Income Before Tax (EBT) | -$15.79M | -$9.69M | -$7.24M | -$9.56M | -$10.48M | -$10.07M | -$11.12M | -$13.98M | -$5.96M | -$2.08M | -$1.61M | -$349K | -$564K | -$356K | -$90K |
| Income Tax Expense | -$109K | -$202K | -$331K | $308K | $171K | $79K | $0 | -$98K | $0 | $5K | $1.36M | -$168K | $0 | $0 | $0 |
| Net Income | -$15.23M | -$9.37M | -$6.75M | -$9.56M | -$10.48M | -$10.07M | -$11.12M | -$13.98M | -$5.96M | -$2.08M | -$1.61M | -$349K | -$564K | -$356K | -$90K |
| Net Income Margin | -62.5% | -48.4% | -27.1% | -1623.1% | -4387.7% | -5326.8% | - | - | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||||||||
| EPS | -0.04 | -0.05 | -0.04 | -0.06 | -0.07 | -0.08 | -0.09 | -0.12 | -0.07 | -0.04 | -0.09 | -0.02 | -0.05 | -0.05 | -0.02 |
| Diluted EPS | -0.04 | -0.05 | -0.04 | -0.06 | -0.07 | -0.08 | -0.09 | -0.12 | -0.07 | -0.04 | -0.09 | -0.02 | -0.05 | -0.05 | -0.02 |
| Weighted Average OS | 543.91M | 249.69M | 210.43M | 224.20M | 222.14M | 184.68M | 172.78M | 159.82M | 116.70M | 77.22M | 24.06M | 22.94M | 15.91M | 11.01M | 7.44M |
| EBITDA | -$8.08M | -$4.22M | -$3.18M | -$3.81M | -$1.33M | $897K | -$10.79M | -$13.96M | -$5.95M | -$1.57M | $1.13M | $162K | $569K | -$358K | -$93K |
| EBITDA Margin | -33.1% | -21.8% | -12.8% | -646.8% | -557.9% | 474.5% | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $29.31M | $1.11M | $896K | $10.91M | $19.73M | $135K | $6.97M | $10.2M | $13.47M | $863K | $15K | $86K | $901K | $217K | $309K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $346K | $520K | $380K | $375K | $733K |
| Cash and Short-Term Investments | $29.31M | $1.11M | $1.2M | $10.91M | $19.73M | $135K | $6.97M | $10.2M | $13.47M | $863K | $361K | $606K | $1.28M | $593K | $1.04M |
| Accounts Receivable | $2.4M | $3.21M | $2.72M | $2.94M | $498K | $51K | $2.21M | $1.19M | $579K | $176K | $29K | $43K | $47K | $41K | $13K |
| Inventory | $2.33M | $2.21M | $2.13M | $85K | $0 | $40K | -$2.21M | $0 | $0 | $0 | -$12K | $0 | $0 | $0 | $0 |
| Other Current Assets | $199K | $364K | $602K | $661K | $138K | $39K | $2.35M | $153K | $193K | $72K | $25K | $0 | $0 | $0 | $70 |
| Total Current Assets | $35.31M | $8.54M | $7.49M | $11.58M | $20.39M | $280K | $9.32M | $11.54M | $14.24M | $1.11M | $403K | $661K | $1.36M | $858K | $1.06M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $5.18M | $8.23M | $7.59M | $1.87M | $2.45M | $213K | $2.79M | $69K | $45K | $50K | $37K | $1.29M | $824K | $275K | $0 |
| Goodwill | $14.78M | $14.78M | $687K | $687K | $611K | $219K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $10.77M | $9.65M | $3.4M | $2.94M | $1.15M | $2.91M | $508K | $354K | $219K | $77K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $682K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $30.74M | $32.67M | $11.67M | $2.5M | $3.11M | $4.02M | $3.3M | $423K | $264K | $127K | $37K | $1.29M | $824K | $275K | $20K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$37K | $0 | $0 | $0 | $0 |
| Total Assets | $66.05M | $41.2M | $19.16M | $14.08M | $23.49M | $4.3M | $12.62M | $11.97M | $14.51M | $1.24M | $403K | $1.95M | $2.18M | $1.13M | $1.08M |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $1.02M | $2.73M | $2.08M | $2M | $1.11M | $17K | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $6.17M | $8.91M | $6.66M | $3.95M | $144K | $111K | $111K | $0 | $0 | $41K | $36K | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | -$227K | -$161K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $242K | $1.11M | $150K | $74K | $283K | $19K | -$1.1M | $0 | $0 | -$131K | -$32K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $103K | $130K | -$5.73M | -$251K | $21K | $1.1M | $1.13M | $6K | $222K | $143K | $127K | $0 | $0 | $0 |
| Total Current Liabilities | $9.3M | $14.52M | $10.48M | $865K | $1.4M | $233K | $1.22M | $1.6M | $636K | $263K | $188K | $127K | $123K | $50K | $27K |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $7.76M | $6.82M | $5.61M | $4.92M | $1.93M | $257K | $331K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $202K | $442K | $186K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1 | $212K | $362K | -$5.93M | -$2.72M | $21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $8.48M | $7.91M | $6.87M | $14K | $162K | $278K | $331K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $17.79M | $22.43M | $17.35M | $879K | $1.57M | $511K | $1.55M | $1.6M | $636K | $263K | $188K | $127K | $123K | $50K | $27K |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $147K | $204K | $251K | $251K | $502K | $502K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $73.46M | $33.23M | $9.52M | $68.66M | $6.49M | $143 | $35.04M | $25.26M | $18.37M | $3.55M | $1.81M | $1.81M | $1.76M | $1.21M | $1.04M |
| Retained Earnings | -$38.45M | -$23.22M | -$13.86M | -$63.79M | -$1.78M | $311K | -$33.67M | -$22.56M | -$8.57M | -$2.61M | -$2.97M | -$1.36M | -$1.01M | -$446K | -$90K |
| Comprehensive Income & Other | $125K | $9.08M | $6.29M | $8.33M | $3.22M | $0 | $9.71M | $7.66M | $4.07M | $40K | $40K | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $14.36M | $9.44M | $10.83M | $8.33M | $17.22M | $2.63M | $9.71M | $7.66M | $4.07M | $40K | $1.37M | $1.37M | $1.3M | $323K | $101K |
| Total Equity | $49.37M | $19.44M | $6.5M | $13.2M | $21.93M | $2.94M | $11.08M | $10.37M | $13.87M | $975K | $215K | $1.82M | $2.06M | $1.08M | $1.05M |
| Minority Interest | -$1.11M | -$669K | -$549K | -$1.27M | -$688K | $846K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $67.15M | $41.87M | $23.85M | $14.08M | $23.49M | $3.46M | $12.62M | $11.97M | $14.51M | $1.24M | $403K | $1.95M | $2.18M | $1.13M | $1.08M |
| Supplementary Data | |||||||||||||||
| Total Debt | $15.28M | $17.16M | $13.35M | $157K | $293K | $368K | $442K | $0 | $0 | $41K | $36K | $0 | $0 | $0 | $0 |
| Net Debt | -$14.02M | $16.05M | $12.15M | -$10.75M | -$19.44M | $233K | -$6.52M | -$10.2M | -$13.47M | -$822K | $21K | -$86K | -$901K | -$217K | -$309K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Operating Activities | |||||||||||||||
| Net Income | -$15.68M | -$9.49M | -$6.91M | -$9.56M | -$10.48M | -$10.07M | -$11.12M | -$13.98M | -$5.96M | -$2.08M | -$1.61M | -$349K | -$564K | -$356K | -$90K |
| Depreciation & Amortization | $4.38M | $3.44M | $2.88M | $718K | $610K | $587K | $280K | $17K | $8K | $12K | $8K | $162K | $0 | $0 | $0 |
| Deferred Income Tax | -$109K | -$202K | -$331K | $42K | $51K | $0 | -$4.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.08M | $379K | $516K | $832K | $965K | $1.98M | $2.57M | $5.99M | $969K | $211K | $211K | $52K | $46K | $107K | $63K |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | $818K | -$99K | $397K | -$47K | $72K | $1.84M | -$1.02M | -$611K | -$403K | -$119K | $14K | $5K | -$18K | -$16K | -$13K |
| Inventory | $413K | -$86K | $555K | -$85K | -$162K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | -$552K | -$509 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$2.42M | -$4.64M | $955K | $116K | $276K | -$322K | -$485K | $1M | $288K | $50K | $60K | -$5K | $48K | -$3K | $25K |
| Total Working Capital Change | -$1.19M | -$4.83M | $1.91M | -$567K | $348K | $1.52M | -$1.51M | $390K | -$115K | -$69K | $74K | $88 | $30K | -$19K | $11K |
| Other Non-Cash Items | $6.16M | $1.83M | $766K | $24K | $31K | $40K | $4.15M | $6.64M | $1.39M | $707K | $1.36M | -$175K | -$5K | $1K | -$2K |
| Net Cash from Operating | -$5.35M | -$8.86M | -$1.18M | -$8.51M | -$8.47M | -$5.95M | -$9.77M | -$7.58M | -$5.1M | -$1.43M | -$178K | -$309K | -$493K | -$266K | -$16K |
| Investing Activities | |||||||||||||||
| Capital Expenditures | -$890K | -$981K | -$14K | -$126K | -$490K | -$469K | -$1.65M | -$176K | -$145K | -$103K | -$72K | -$437K | -$298K | -$221K | $0 |
| Acquisitions | $0 | $558K | -$213K | -$673K | -$940K | $53K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$950K | $0 | $0 | $0 | $0 | -$713K | $0 | $0 | -$731K |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $178K | $586K | $0 | $356K | $0 |
| Other Investing Activities | -$301K | -$51K | -$1.22M | $0 | -$65K | -$100K | -$158K | -$135K | -$141K | -$77K | $0 | $0 | $0 | $0 | -$20K |
| Net Cash from Investing | -$1.19M | -$474K | -$1.45M | -$126K | -$490K | -$469K | -$2.6M | -$176K | -$145K | -$103K | $107K | -$564K | -$298K | $135K | -$751K |
| Financing Activities | |||||||||||||||
| Debt Repaid | $3.86M | -$7.92M | -$1.2M | $364K | -$2.7M | - | -$153K | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $38.49M | $1.66M | $0 | $2.67M | $12.13M | $153K | $6.45M | $4.48M | $9.99M | $1.95M | $240K | $58K | $1.26M | $250K | $1.08M |
| Common Stock Repurchases | $0 | $0 | -$620 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $20K | -$620 | $4K | $9.26M | $0 | $0 | $4.48M | $17.85M | $2.12M | $14K | $2K | $1.26M | $250K | $1.08M |
| Net Cash from Financing | $34.63M | $9.55M | $1.2M | -$183K | $11.96M | $16.18M | $9.13M | $4.48M | $17.85M | $2.12M | $290K | $58K | $1.26M | $250K | $1.08M |
| Forex Effect | $110K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $28.2M | $215K | -$1.43M | -$8.82M | $3M | $9.76M | -$3.23M | -$3.27M | $12.61M | $582K | -$71K | -$815K | $474K | $119K | $309K |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | -$5.35M | -$8.86M | -$1.18M | -$8.51M | -$8.47M | -$5.95M | -$9.77M | -$7.58M | -$5.1M | -$1.43M | -$178K | -$309K | -$493K | -$266K | -$16K |
| Capital Expenditure | -$1.21M | -$1.03M | -$1.24M | -$126K | -$490K | -$469K | -$1.65M | -$176K | -$145K | -$103K | -$72K | -$437K | -$298K | -$221K | $0 |
| Free Cash Flow | -$6.56M | -$9.9M | -$2.41M | -$8.64M | -$8.96M | -$6.42M | -$11.42M | -$7.75M | -$5.24M | -$1.54M | -$250K | -$746K | -$791K | -$488K | -$16K |
| Cash at Beginning | $1.11M | $896K | $2.63M | $19.73M | $16.73M | $6.97M | $10.2M | $13.47M | $863K | $281K | $86K | $901K | $427K | $309K | $0 |
| Cash at End | $29.31M | $1.11M | $1.2M | $10.91M | $19.73M | $16.73M | $6.97M | $10.2M | $13.47M | $863K | $15K | $86K | $901K | $427K | $309K |