ZenaTech Moves Into Australia With 22nd Drone-as-a-Service Acquisition
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The latest update is out from ZenaTech, Inc. ( (ZENA) ).
On May 7, 2026, ZenaTech announced a binding deal, subject to regulatory approvals, to acquire a 35-year-old Brisbane-based land surveying and spatial services firm with offices in Gladstone and the Sunshine Coast, marking its 22nd DaaS acquisition and first major expansion into Australia. The move gives ZenaTech a three-office Queensland footprint, deepens exposure to infrastructure, public works, and resource industries, and creates a launchpad into Asia-Pacific markets.
The target’s established use of drone-enabled workflows, geospatial capabilities, and long-standing government and infrastructure client base will be integrated into ZenaTech’s subscription and usage-based DaaS model to scale standardized surveying and infrastructure services. Management frames the transaction as furthering its acquisition-led strategy to digitize legacy field services, build recurring technology-enabled revenues, and enhance its global, multi-service DaaS network, which now spans 25 international locations.
The most recent analyst rating on (ZENA) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on ZenaTech, Inc. stock, see the ZENA Stock Forecast page.
Spark’s Take on ZENA Stock
According to Spark, TipRanks’ AI Analyst, ZENA is a Neutral.
The score is driven primarily by weak financial performance—large operating losses and significant cash burn outweigh strong revenue growth, even with a better-capitalized balance sheet. Technicals are also unfavorable due to a clear downtrend and negative momentum, while valuation is constrained by ongoing losses and the absence of a dividend.
To see Spark’s full report on ZENA stock, click here.
More about ZenaTech, Inc.
ZenaTech, Inc. is a technology company specializing in AI-enabled drone autonomy platforms, Drone as a Service (DaaS), enterprise SaaS, and quantum computing solutions for industrial, government, and defense customers. Through its ZenaDrone manufacturing arm and a global DaaS roll-up strategy, it targets applications in surveying, inspections, logistics, agriculture, ISR, cargo, and counter-UAS across North America, Europe, the Middle East, and Asia.
Average Trading Volume: 2,136,035
Technical Sentiment Signal: Sell
Current Market Cap: $60.1M
See more insights into ZENA stock on TipRanks’ Stock Analysis page.
