ZenaTech, Inc.

Analysis for Ticker: ZENA

Zenatech Inc is a provider of drone technology and software solutions that operates a closed loop of capital destruction. As of 04/2026, the company has revealed an accumulated deficit of 53,7$ million, fueled by a massive net loss of 45,2$ million in 2025 alone. While they reported 12,9$ million in revenue, they burned through 35,4$ million in cash from operations just to keep the machine running. The real crisis is that 24,2$ million of investor money has been transferred to a private company called Epazz where the public cannot reach it. It is a system where you provide the money and the people in charge take a 30% markup on every expense before any real work is done. If the market stops feeding this machine, the math suggests there is no internal way to recover the cash already moved into private hands.