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Associated Press
20-05-2025
- Business
- Associated Press
ZenaTech's (Nasdaq: ZENA) DaaS Model, Strategic Acquisitions Drive 92% Revenue Growth in Q1
The commercial and military drone sectors are entering a high-growth phase, driven by rapid tech innovation and expanding use across industries. The global commercial drone market hit $30.02 billion in 2024 and is projected to grow at a 10.6% CAGR through 2030, per Grand View Research. Meanwhile, military drone spending is expected to more than double from $24.25 billion in 2025 to $56.69 billion by 2033, growing at 11.2% CAGR, according to Straits Research. With drones transforming agriculture, logistics, public safety, and defense, investors are scanning the skies for breakout players. ZenaTech (Nasdaq: ZENA) is an AI-driven drone and software company that is making strategic moves that position it as a rising force in this rapidly evolving sector. Diversified Drone Applications Fuel Growth ZenaTech has built a multi-vertical drone business through its subsidiary ZenaDrone, with solutions tailored for agriculture, infrastructure inspection, inventory management, public safety, and defense. The company's AI-powered drones — including the ZenaDrone 1000 and its IQ Nano and IQ Square models — serve both indoor and outdoor use cases, enabling everything from 3D mapping and barcode scanning to power line inspections and real-time surveillance. A key differentiator is ZenaTech's embrace of a Drone-as-a-Service (DaaS) model. Much like SaaS platforms or ride-hailing services, the company enables clients to access drones on a subscription or pay-per-use basis — no hardware purchases, pilots, or maintenance required. This recurring-revenue model lowers adoption barriers while providing scalable upside across multiple sectors and geographies. Poised to Capture Agricultural Sector Growth in Europe In early May, ZenaTech announced the opening of its European headquarters in Dublin, Ireland, a strategic move that places it near critical logistics infrastructure and opens access to high-growth EU markets. Europe's agricultural drone market is projected to grow from $4.6 billion in 2023 to over $43 billion by 2032, a staggering 28.6% CAGR. Farmers across the continent are adopting drone technologies for seeding, spraying, monitoring, and data collection. ZenaTech is targeting this growth with specialized DaaS offerings for precision agriculture, renewable energy, and construction. According to CEO Shaun Passley, Ph.D., 'our AI-powered drone solutions are designed to boost crop yields while reducing operational costs and provide smart, data-driven insights.' With favorable regulatory tailwinds and a continental focus on sustainability, ZenaTech is well-positioned to benefit from rising demand in this space. Launching Drone-Based Cleaning Services in Dubai One of the company's most strategically significant initiatives is its recent expansion into Dubai, where it is launching a drone-based exterior building cleaning service. Leveraging the IQ Square, a large-format drone equipped with tethered water and power lines, ZenaTech aims to tap into a fast-growing niche. Dubai's high-rise skyline, frequent sandstorms, and mandated cleaning standards create a natural use case for drone-enabled washing services. The global drone cleaning market is expected to triple from $4.36 billion in 2023 to $13.2 billion by 2030. As a first mover in this region, ZenaTech is looking to establish an early foothold in an emerging sector of urban infrastructure management. Advancing Defense and Proprietary Innovation ZenaTech is also developing its presence in defense, with its IQ Nano drone swarms designed for autonomous surveillance, RFID and barcode scanning, and battlefield logistics. These lightweight drones, available in compact 10x10 and 20x20-inch formats, are being tested for military and commercial use and are in the process of obtaining Blue UAS certification, enabling sales to U.S. government agencies. Vertical integration is another strength. Through its Taiwan-based Spider Vision Sensors subsidiary, ZenaTech has developed proprietary cameras that align with U.S. National Defense Authorization Act (NDAA) compliance requirements. Internal control over hardware development supports faster iteration and greater cost control across its product lines. Revenue Growth and Aggressive Scaling ZenaTech reported $1.13 million in Q1 2025 revenue, a 92% year-over-year increase. Much of this momentum stems from the DaaS segment, bolstered by a disciplined acquisition strategy. Recent purchases include Oregon's Weddle Surveying and Florida's KJM Land Surveying, both of which enhance its geospatial data and infrastructure services. In the enterprise software space, ZenaTech also acquired UK-based Othership, a SaaS workplace platform. The company has opened a drone testing facility in Turkey and expanded hiring in the UAE, Taiwan, and the United States to support R&D and manufacturing needs. While operating expenses rose meaningfully in the quarter, the company has signaled a long-term growth focus. Management also noted it is evaluating over 20 potential acquisitions within the next year, underscoring its ambitions to scale rapidly through both organic and inorganic strategies. Bottom Line As the global drone market accelerates, ZenaTech (Nasdaq: ZENA) is carving out a role as a nimble and diversified competitor. Its DaaS model enables recurring revenue and ease of customer adoption, while its international expansion, particularly into Europe and Dubai, offers near-term growth catalysts. With a strong product pipeline, proprietary innovations, strategic acquisitions, and accelerating revenue, ZenaTech may offer investors an intriguing early-stage opportunity in the broader drone Contact Company Name: RazorPitch Contact Person: Mark McKelvie Email: Send Email City: NAPLES State: Florida Country: United States Website: Press Release Distributed by To view the original version on ABNewswire visit: ZenaTech's (Nasdaq: ZENA) DaaS Model, Strategic Acquisitions Drive 92% Revenue Growth in Q1
Yahoo
27-04-2025
- Automotive
- Yahoo
Tesla Stock Investors: Elon Musk Expects 99% Market Share in This Trillion-Dollar Industry
Tesla (NASDAQ: TSLA) reported dismal financial results in the first quarter. Every metric of consequence -- deliveries, revenue, operating margin, and earnings -- declined as the company lost market share across China, Europe, and the United States. But CEO Elon Musk still had good news for shareholders on the earnings call. Tesla is on track to launch its first robotaxi service in Austin, Texas, by June, and Musk predicted the company would eventually have "99% market share or something ridiculous." Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Here's what investors should know. Autonomous driving technology promises to revolutionize mobility by replacing human drivers with artificial intelligence (AI) software, which should improve safety and reduce costs. Straits Research says the ride-sharing market will exceed $820 billion in 2033, but some industry experts think cost efficiencies arising from robotaxis will ultimately result in a bigger market by encouraging more people to participate. For instance, Morgan Stanley recently wrote, "Assuming that the autonomous providers are paid per mile that they drive, the industry could have an addressable market of over $1 trillion per year just in the U.S." Similarly, Uber CEO Dara Khosrowshahi recently said, "The U.S. market alone is a trillion-dollar opportunity." And Ark Invest thinks the global robotaxi market will reach $11 trillion by 2030. Alphabet subsidiary Waymo is currently the market leader in autonomous ride-sharing. It first commercialized robotaxi services in Phoenix in 2020 and has since expanded to San Francisco, Los Angeles, and Austin. Waymo will launch in Atlanta later this year, with additional launches in Miami and Washington, D.C., scheduled for 2026. The company currently provides 250,000 rides per week in the U.S. Comparatively, Tesla will launch its first autonomous ride-sharing service in Austin by June, followed by other U.S. cities shortly thereafter. While Waymo has a formidable head start, Elon Musk thinks Tesla will eventually have 99% market share. His confidence is based on the data advantage derived from having millions of sensor-equipped cars on the road and the scalability of its full self-driving (FSD) platform. "The more training data you have, the better the results," Musk told analysts on an earnings call in 2023. "Tesla has more vehicles on the road that are collecting this data than all of the other companies combined." That advantage should theoretically let the company develop superior AI models for its autonomous driving software. Also, Waymos are equipped with numerous sensors -- cameras, radar, lidar, and audio receivers -- that increase costs and limit scalability. Equipment alone on the fifth-generation robotaxis costs as much as $100,000, according to Waymo CEO Dmitri Dolgov. Additionally, lidar requires the company to meticulously map each city before its robotaxis can navigate the streets. That means Waymo cannot simply launch in a new city without considerable work beforehand. Comparatively, Tesla says its Cybercab (a dedicated robotaxi) will cost less than $30,000 because its FSD platform is powered only by cameras and computer vision. That approach is also more scalable. Once FSD is perfected, Tesla should be able to push updates to cars in any metropolitan area and commence robotaxi operations immediately. That explains why Musk believes the company will eventually dominate the market. Having said that, investors should bear in mind that Tesla has frequently overpromised and underdelivered. In 2019, Musk predicted the company would have a million robotaxis on the road in the next year. Five years have passed, and Tesla has yet to put a single driverless taxi on the road, but this time could be different. Musk says full autonomous rides are coming to Austin in June. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $287,877!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $39,678!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $594,046!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of April 21, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Tesla. The Motley Fool has positions in and recommends Alphabet, Tesla, and Uber Technologies. The Motley Fool has a disclosure policy. Tesla Stock Investors: Elon Musk Expects 99% Market Share in This Trillion-Dollar Industry was originally published by The Motley Fool Sign in to access your portfolio
Globe and Mail
27-04-2025
- Automotive
- Globe and Mail
Tesla Stock Investors: Elon Musk Expects 99% Market Share in This Trillion-Dollar Industry
Tesla (NASDAQ: TSLA) reported dismal financial results in the first quarter. Every metric of consequence -- deliveries, revenue, operating margin, and earnings -- declined as the company lost market share across China, Europe, and the United States. But CEO Elon Musk still had good news for shareholders on the earnings call. Tesla is on track to launch its first robotaxi service in Austin, Texas, by June, and Musk predicted the company would eventually have "99% market share or something ridiculous." Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Here's what investors should know. Several industry experts think autonomous ride-sharing will be a trillion-dollar market Autonomous driving technology promises to revolutionize mobility by replacing human drivers with artificial intelligence (AI) software, which should improve safety and reduce costs. Straits Research says the ride-sharing market will exceed $820 billion in 2033, but some industry experts think cost efficiencies arising from robotaxis will ultimately result in a bigger market by encouraging more people to participate. For instance, Morgan Stanley recently wrote, "Assuming that the autonomous providers are paid per mile that they drive, the industry could have an addressable market of over $1 trillion per year just in the U.S." Similarly, Uber CEO Dara Khosrowshahi recently said, "The U.S. market alone is a trillion-dollar opportunity." And Ark Invest thinks the global robotaxi market will reach $11 trillion by 2030. Waymo is currently the market leader, but Musk expects Tesla to dominate the robotaxi market Alphabet subsidiary Waymo is currently the market leader in autonomous ride-sharing. It first commercialized robotaxi services in Phoenix in 2020 and has since expanded to San Francisco, Los Angeles, and Austin. Waymo will launch in Atlanta later this year, with additional launches in Miami and Washington, D.C., scheduled for 2026. The company currently provides 250,000 rides per week in the U.S. Comparatively, Tesla will launch its first autonomous ride-sharing service in Austin by June, followed by other U.S. cities shortly thereafter. While Waymo has a formidable head start, Elon Musk thinks Tesla will eventually have 99% market share. His confidence is based on the data advantage derived from having millions of sensor-equipped cars on the road and the scalability of its full self-driving (FSD) platform. "The more training data you have, the better the results," Musk told analysts on an earnings call in 2023. "Tesla has more vehicles on the road that are collecting this data than all of the other companies combined." That advantage should theoretically let the company develop superior AI models for its autonomous driving software. Also, Waymos are equipped with numerous sensors -- cameras, radar, lidar, and audio receivers -- that increase costs and limit scalability. Equipment alone on the fifth-generation robotaxis costs as much as $100,000, according to Waymo CEO Dmitri Dolgov. Additionally, lidar requires the company to meticulously map each city before its robotaxis can navigate the streets. That means Waymo cannot simply launch in a new city without considerable work beforehand. Comparatively, Tesla says its Cybercab (a dedicated robotaxi) will cost less than $30,000 because its FSD platform is powered only by cameras and computer vision. That approach is also more scalable. Once FSD is perfected, Tesla should be able to push updates to cars in any metropolitan area and commence robotaxi operations immediately. That explains why Musk believes the company will eventually dominate the market. Having said that, investors should bear in mind that Tesla has frequently overpromised and underdelivered. In 2019, Musk predicted the company would have a million robotaxis on the road in the next year. Five years have passed, and Tesla has yet to put a single driverless taxi on the road, but this time could be different. Musk says full autonomous rides are coming to Austin in June. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $287,877!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $39,678!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $594,046!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of April 21, 2025
India.com
21-04-2025
- General
- India.com
World's top consumer of beef is not a Muslim country, it's name is..., India is only...
Beef consumption- Representative image World's top consumer of beef: We all know that Beef is one of the most consumed meats in the world, but do we know about the countries which are the highest consumers of beef? Moreover, would you believe if we tell you that no Muslim country is in the list of top beef consuming countries of the world. As per a report by Straits Research, the demand for beef is particularly high in certain regions around the world and Argentina, the South American country is leading the world in per capita beef consumption. Scroll down to know the list of countries that top the list of most beef consuming countries of the world. As mentioned earlier, Argentina is the country which has the highest per capita beef consumption in the world. With a consumption of 46.93 kg on average per person, the people of Argentina tops the list of beef consumption. The second country that's on the list is America. In the United States of America, beef consumption is part of their daily lives and as per the report, the Americans consume 38.01 kg of beef on average per person basis. The third country that's on the list is the Brazil. As per the Straits Research report, Brazil is the third highest consumer of beef with a per capita consumption of 59 KG/CAP. Two more countries that are in the top five beef consuming countries of the world are Australia and Canada. These two countries are the fourth and fifth of the list with respective per capita meat consumption of (26.99 KG/CAP) and Canada (27.5 KG/CAP). Beef consumption in India Talking about India, the Republic of India is the third-biggest exporter of beef. Getting into the consumption point, India consumes a total of 3120 kilotonnes of beef in the last year as per a report by World Population Review. Most interestingly, the list of top meat consumers of the world does not have any of the Muslim-majority nations.
Yahoo
15-04-2025
- Business
- Yahoo
Is ASML Holding N.V. (ASML) the Best Semiconductor Equipment Stock to Buy According to Analysts?
We recently published a list of the . In this article, we are going to take a look at where ASML Holding N.V. (NASDAQ:ASML) stands against other best semiconductor equipment stocks to buy according to analysts. As per Straits Research, the US semiconductor manufacturing equipment market size was pegged at US$13.2 billion in 2024. It is expected to grow from US$13.5 billion in 2025 to US$16.5 billion by 2033. This growth is expected to stem from increasing investments in domestic semiconductor manufacturing and the higher demand for advanced semiconductors in critical sectors, including artificial intelligence (AI), 5G, and EVs. Straits Research highlighted that the resurgence of semiconductor manufacturing in the US is aided by the government initiatives. The federal push is targeted at reducing the dependency on Asian imports as well as strengthening the domestic supply chains. Leading companies continue to establish new fabs in the US, which helps create demand for advanced wafer manufacturing and fabrication equipment. Overall, the increased requirement for high-performance chips in sectors including defense, telecommunications, and automotive further cements the growth of semiconductor equipment. READ ALSO: and . The rapid adoption of AI and 5G technologies in the United States continues to present strong opportunities for the broader semiconductor manufacturing equipment market, highlighted Straits Research. AI chips, primarily the ones utilized in data centers and autonomous vehicles, need advanced manufacturing techniques, fueling demand for cutting-edge equipment. Furthermore, the launch of 5G networks has been driving rapid production of semiconductors, which are capable of handling higher data transmission rates, further enhancing the need for advanced fabrication technology. The US is well-placed as a leader in AI and 5G development, with leading companies driving innovation, demonstrating strong growth potential. KPMG believes that Al is now the most important application fueling semiconductor companies' revenue as businesses continue to incorporate the technology in their digital transformations. As a result, the spending on Al semiconductors is projected to be $174 billion in 2025, which is expected to increase to $280 billion in 2028. KPMG also highlighted that semiconductor leaders opine that Al enablers (which include high-bandwidth memory) are the production technology that can have an impact on the broader industry over the upcoming 3 years. In an era in which Al applications are present in all the industries – ranging from autonomous vehicles to healthcare diagnostics, household devices to personalized recommendations—there remains a higher demand for semiconductors aiding Al capabilities. To list the 11 Best Semiconductor Equipment Stocks to Buy According to Analysts, we used a screener to shortlist the companies catering to the broader semiconductor equipment market. Next, we filtered out the stocks that analysts see significant upside to. The stocks are arranged in ascending order of their average upside potential, as of April 9. We also mentioned the hedge fund sentiments around each stock, as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A technician in a clean room working on a semiconductor device, illuminated by the machines. ASML Holding N.V. (NASDAQ:ASML) offers lithography solutions for the development, production, marketing, sales, upgrading, as well as servicing of advanced semiconductor equipment systems. Didier Scemama, an analyst from Bank of America Securities, maintained a 'Buy' rating on the company's stock. The rating is backed by a combination of factors demonstrating its position in the broader semiconductor industry. As per the analyst, one of the main reasons revolves around the expected increase in lithography intensity, with the industry moving beyond 2nm nodes. Furthermore, the structural advantages of well-established foundries such as TSMC, which are the early adopters of multi-patterning EUV, aid ASML Holding N.V. (NASDAQ:ASML)'s market position. Also, the emergence of an EUV ecosystem in China highlights the increasing global demand for EUV technology, says the analyst. Elsewhere, Krish Sankar, an analyst from TD Cowen, maintained a 'Buy' on ASML Holding N.V. (NASDAQ:ASML)'s stock. This rating was backed by factors demonstrating the company's leading position in the lithography market, which remains crucial for addressing challenges in both foundry as well as logic sectors. Generation Investment Management, an investment management firm, released its Q4 2024 investor letter. Here is what the fund said: 'ASML Holding N.V. (NASDAQ:ASML), a Dutch company and a recent addition to our portfolio, is a critical enabler of the semiconductor industry. They provide advanced lithography equipment, which is essential for producing semiconductors. As demand for chips accelerates – driven by AI, electrification and broader applications across the economy – ASML stands to benefit significantly. Overall,ASML ranks 10th on our list of best semiconductor equipment stocks to buy according to analysts. While we acknowledge the potential of ASML as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for a deeply undervalued AI stock that is more promising than ASML but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
