ZENA | Market Cap: $115.1M (07/13/26)
Industry:
Commercial Services Software
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DESCRIPTION

ZenaTech is a technology company operating two segments: enterprise SaaS software and Drone as a Service (DaaS). The enterprise SaaS segment sells cloud-based subscription software to roughly 5,000 corporate clients across niche verticals, including healthcare (electronic health records and medical billing), industrial process control, field service management, law enforcement, warehouse management, and workplace scheduling. The DaaS segment, launched in early 2025 and now representing roughly 78% of total revenue, is built primarily through acquiring small land surveying and field services companies in the U.S., UK, Canada, and Australia, then integrating ZenaTech's drone hardware and software into their operations. The core DaaS thesis is that drone-enabled surveying and inspection services can be delivered faster and with greater precision than conventional methods, allowing ZenaTech to grow revenue and margins at acquired businesses over time. ZenaTech structures these acquisitions as part-cash, part-promissory note deals, limiting upfront capital but creating ongoing debt service obligations. ZenaTech also designs its own drone hardware — including the ZenaDrone 1000 and several survey-specific models — and is pursuing U.S. military certification and defense contracts, though no defense sales have materialized yet. The company is building drone manufacturing facilities in Arizona, Taiwan, and Poland to ensure NDAA-compliant supply chains. A notable structural feature is ZenaTech's reliance on Epazz — a related company controlled by the same CEO — for software development, staffing, and hosting services under a cost-plus management agreement.

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