• Volatus Aerospace published MD&A for three months ended March 31, 2026, highlighting 35% gross margin on CAD 5.63 million revenue, up from 32% on CAD 5.71 million a year earlier.
• Net loss widened to CAD 6.6 million from CAD 4.29 million; adjusted EBITDA loss increased to CAD 3.15 million from CAD 1.91 million as spending rose for defence buildout, technology development, travel, marketing, and external partners.
• Cash fell to CAD 31.69 million from CAD 41.11 million, reflecting CAD 6.81 million cash used in operating activities tied to prepaid items and inventory for defence and commercial contracts.
• Defence delivery timing shifted into Q2 due to component availability; initial CAD 4.5 million tranche of up to CAD 9 million NATO ISR training system contract moved out of Q1, with deliveries now underway.
• Near-term focus includes scaling output at Mirabel under a 10-year lease with planned investment exceeding CAD 10 million, expanding SKYDRA subscription deployments, and initial Condor XL commercial operations planned for 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Volatus Aerospace Inc. published the original content used to generate this news brief on May 14, 2026, and is solely responsible for the information contained therein.