What Happened
Canadian Drone Maker Expands Capacity Ahead of Demand
Volatus Aerospace has reported strong Q2 revenue growth of 49.5%, but faces challenges due to supply chain delays and a revised revenue guidance. The Canadian drone maker has invested heavily in expanding its production capacity, with a new facility in Mirabel designed to handle annual revenue of $250 million. Despite these efforts, the company’s stock price remains 45% below its peak, according to a report by an unknown source.