Soaring High: Volatus Unveils Robust Financial Performance for Q4 and Fiscal 2024
Volatus Achieves Impressive Financial Milestones in Fiscal Year 2024
Volatus has reported a robust financial performance for the fiscal year 2024, showcasing significant growth and strategic achievements. The company's total revenue reached an impressive $27,147,414, with a notable 16% year-over-year increase in services and technology revenue.
Key Financial Highlights:
- Recorded a record-breaking blended gross margin of 38% in the fourth quarter of 2024
- Realized cost synergies from the recent merger, amounting to approximately $3,770,000 in just four months
- Maintained a strong sales pipeline exceeding $600 million
- Secured a strategic debt conversion agreement, transforming $2,646,000 of debt into equity to strengthen the company's balance sheet
Investors and stakeholders are invited to join Volatus for an informative webinar and live Q&A session on Friday, May 2, 2025, at 8 am ET. Further details and registration information will be available soon.
Announced from Toronto on April 30, 2025