Volatus - The Capital Markets "Energizer Bunny"
We all know about the “Energizer Bunny”, right? It just keeps on going when everyone else has run out of gas.
Well, I think there’s a strong case to be made for Volatus Aerospace (VOL-V $0.15 Mkt Cap $18 million) playing the role of Energizer Bunny in a capital markets environment that seems to have run out of gas for even the best companies.
As we saw in this news release from last night, the company keeps on bringing new business in the door, hitting milestones and hitting on all cylinders despite brutal capital markets.
Volatus secured a three-year contract with a potential value of up to $60-million with a major United States power utility to provide drone inspection services and reporting on its transmission and distribution towers.
As you can see here, this news comes on the heels of a strong of very positive announcements over the past several weeks, including:
New contracts in the US oil & gas pipeline sector
Q2 financials showing 31% revenue growth and 32% gross margins
Partnership with a US-based National Defense Authorization Act compliant drone manufacturer
First field deployment supporting wildfire suppression agencies in Western Canada with remotely piloted aircraft
Received a certificate allowing aircraft to fly beyond visual line of sight and above 400 feet above ground level in order to support fire suppression agencies across Canada
And on and on. You get the idea.
But, the markets don’t seem to care. Weak overall markets, tax loss selling and no liquidity all weigh on Volatus shares – as is the case with many other strong companies. In my view, that will change. At some point, when things shift, the market recognizes and rewards companies that execute, execute and execute. Volatus is likely in that category.
My money’s on the Energizer Bunny over the long term.
Thanks for your continued interest and support.
Rick Peterson (He/him)
Chair
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