Glen Lynch of Volatus Aerospace talks to Cantech Letter

Glen Lynch, CEO of Volatus Aerospace (Volatus Aerospace Stock Quote, Chart, News, Analysts, Financials TSXV:FLT) sat down with John Erlichman at the 2025 Cantech Investment Conference in Toronto on October 9th.

GLEN LYNCH TALKS TO JON ERLICHMAN AT CANTECH 25

Analysts are liking what they see from FLT of late. In an October 28th update, Ventum Capital Markets analyst Rob Goff reiterated his “Buy” rating and price target of $0.80 on the company.

Goff said momentum is building across regulated utility and government channels, with long-cycle inspection and infrastructure contracts supporting a potential recurring-services run-rate above $35-million annually exiting 2025. He added that disciplined integration and cost control are expanding EBITDA efficiency, forming “the foundation for scalable growth” as product mix shifts away from equipment sales.

The analyst noted there is a strengthening outlook for defence-related work, particularly after Volatus secured Canadian-based drone intellectual property through a deal with U.K. aerospace firm Caliburn Holdings LLP for $2-million up front and up to $6.5-million in performance earnouts. The fixed-wing designs, capable of 12-hour to multi-day endurance with 15- to 50-kilogram payloads, align with expanding NATO and domestic border-surveillance requirements, he said.

Goff maintained revenue forecasts of $43.6-million for 2025 and $67.5-million for 2026 as the contracting pipeline converts into deployments. He said strategic wins in surveillance and inspection could represent incremental upside not yet embedded in baseline estimates.

He projects Adjusted EBITDA of $0.8-million in fiscal 2025, improving to $6.4-million in 2026.