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6 Key Potential Catalysts Pin (Nasdaq: ZENA) To Our Watchlist (2 Strong Analyst Targets)



Any content you receive is for information purposes only. Always conduct your own research.

*Disseminated on Behalf of ZenaTech, Inc.

6 Key Potential Catalysts Pin (Nasdaq: ZENA) To Our Watchlist (2 Strong Analyst Targets)


*Get Our Updates Faster—Tap Here To Receive SMS Alerts*


October 7th

Greetings, Friend!


Every economy has work that has barely changed in decades. Land surveying is one of them: crews, stakes, transits, and long days in the field.


ZenaTech, Inc. (Nasdaq: ZENA) is wagering that drones can rewrite that playbook, and its latest numbers suggest the strategy is gaining traction.


The company’s October 1st letter to shareholders put it plainly. First-half 2026 revenue of C$17.7Mn already exceeded full-year 2025 revenue of C$12.9Mn by approximately 37%.


Growth has stayed elevated across reporting periods. Revenue rose 558% in full-year 2025, 640% in Q1 2026 according to Quartr’s event summary and 316% YoY in Q2 2026.


Drone as a Service generated C$16.4Mn in the first half, roughly 93% of revenue. That concentration is the point. ZenaTech is not marketing drones one unit at a time. It acquires service businesses with existing customers, then upgrades how the work gets done.


Scale is building on the balance sheet as well. Total assets reached C$149.2Mn at June 30th, up 50% from year-end, and cash and marketable securities totaled C$34.6Mn, per the Q2 filing.

Behind the Letter: Management’s Own Framing


What stood out was the letter’s candor. ZenaTech CEO Dr. Shaun Passley acknowledged that scaling revenue must “ultimately translate into improved operating leverage.” That line matters, because Q2 also carried a C$22.5Mn net loss as the company funded expansion and R&D, per its Q2 release.


Management’s answer is integration. Each acquisition brings an existing revenue base, and drone-based delivery is expected to lower cost per survey and per job over time, supporting margin expansion as more acquired firms convert.


The Q2 release also noted new offices in South Korea and the United Kingdom, extending the reach of its AI autonomy platforms beyond North America.

About The Company: ZenaTech, Inc.


Vancouver-based ZenaTech operates three segments.


ZenaDrone manufactures AI drones, including the ZenaDrone 1000, IQ Nano, IQ Square, IQ Quad and IQ Aqua.


The Drone-As-A-Service (DaaS) segment runs an acquisition-led roll-up of survey, inspection and power washing firms, now serving 14 U.S. states plus Alberta and Queensland.


Enterprise SaaS is consolidating 13 software brands into the AI-enabled Zoo Office™ suite.


The DaaS model lets energy companies, environmental firms, and government departments pay for a complete drone solution as a service instead of purchasing hardware and software outright, as ZenaTech outlined when it launched the strategy.


The company joined the Russell 3000® Index in June 2026, and Maxim Group and Litchfield Hills both carry positive ratings with $5 and $4 targets, per published consensus data.

Sources: ZenaTech Q2 2026 results, Form 6;K Exhibit 99.1, SEC EDGAR


Recent deals deepen its infrastructure exposure. Merritt Paul Land Surveying added solar and rail clients across 17 licensed states, while ZenaWorx, the company’s drone and LiDAR construction monitoring platform, signed its first paying AI data center construction customer after adding digital terrain modeling capabilities.


Additional Sources: ZENA Website. ZENA Presentation.

The Strategic Shift: From Services to Sovereign Defense


The next leg is defense and resilient navigation.


ZenaTech was selected for Canada’s Defence Drone Initiative Marketplace in September, and ZenaDrone’s quantum navigation system is now being tested in Sharjah, UAE.


That places the company in a segment Grand View Research estimates at $1.6Bn in 2026, with a projection near $8.0Bn by 2033.

Hardware milestones are stacking up alongside it.


The low-cost Interceptor P-1 began flight testing near Mesa, Arizona, and three ZenaDrone platforms are advancing through the Blue UAS certification pathway that governs U.S. military procurement eligibility.

6 Potential Catalysts Behind Our Watch On (Nasdaq: ZENA)


#1. First-Half Revenue Already Surpassed All Of 2025. At C$17.7Mn, six-month revenue at (ZENA) topped the full prior year by roughly 37%, per the shareholder letter.


#2. Solar And Rail Clients Added Through Georgia Acquisition. The Merritt Paul deal extends (ZENA) into drone-based solar inspection, a segment its CEO says is growing about 25% a year.


#3. First Paying AI Data Center Construction Customer Signed. ZenaWorx gives (ZENA) potential exposure to construction activity tied to AI infrastructure, per the Q2 release.


#4. Oil And Gas Surveying Backed By Canadian Energy Spending. Management cited more than US$500Bn in expected Canadian energy spending over the next decade as a potential tailwind for (ZENA) and its oil and gas DaaS work.


#5. Two Separate Analyst Targets With Positive Ratings. Maxim Group and Litchfield Hills both rate (ZENA) positively, with targets of $5 and $4, according to published consensus data.


#6. Zoo Office Unifies 13 Software Brands Under One Platform. Rebranding its SaaS portfolio as an AI productivity suite could potentially lift recurring software revenue at (ZENA) over time.

Final Read


ZenaTech, Inc. (Nasdaq: ZENA) remains a company in build mode. Losses are real, integration is ongoing, and defense revenue still sits ahead of it.


Yet the data points to a business that has found a repeatable formula: acquire established service firms, digitize them with drones, and widen the footprint.


If you follow the convergence of AI, infrastructure, and autonomy, ZENA merits a closer look, and the Q3 update is a natural next checkpoint.


We’re officially initiating coverage on ZenaTech, Inc. (Nasdaq: ZENA).


Keep your eyes peeled for updates coming out shortly. Talk soon.


All the best,

Dane James

Editor Market Pulse Today


(Remember: St-ock Prices Could Be Significantly Lower Now From The Original Dates I Provided.)


*MarketPulseToday.com (“MarketPulseToday” or “MPT” ) is owned by Thousand Sun Media LLC, MPT is not responsible for its accuracy. Make sure to always do your own research and due diligence on any day and swing profile MPT brings to your attention. Any emojis used do not have a specific defined meaning, and may be used inconsistently. We do not provide personalized in-vest-ment advice, are not in-vest-ment advisors, and any profiles we mention are not suitable for all in-vest-ors.


Pursuant to an agreement between Thousand Sun Media LLC and TD Media LLC, Thousand Sun Media LLC has been hired for a period beginning on 10/06/2026 and ending on 10/07/2026 to publicly disseminate information about (ZENA:US) via digital communications. Under this agreement, TD Media LLC has paid Thousand Sun Media LLC seven thousand five hundred USD ("Funds"). To date, including under the previously described agreement, Thousand Sun Media LLC has been paid thirty seven thousand five hundred USD ("Funds"). These Funds were part of the one hundred thirty thousand USD funds that TD Media LLC received from a third party named Stockify Media LLC who did receive the Funds directly or indirectly from the Issuer and does not own st-ock in the Issuer but the reader should assume that the clients of the third party own shares in the Issuer, which they will liquidate at or near the time you receive this communication and has the potential to hurt share prices.


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