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BRQL

Dynamic Aerospace Systems Corporation

BRQL OTC Aircraft EDGAR ↗
$0.21
-0.01 -2.33%

Key statistics

from XBRL data in SEC filings
Market cap ⓘ
$6.82M
Revenue (TTM) ⓘ
$0.00
Net income (TTM) ⓘ
-$9.72M
EPS (TTM) ⓘ
$-0.26
P/E ratio ⓘ
—
Dividend yield ⓘ
—
Free cash flow ⓘ
-$1.93M
Cash ⓘ
$7.61K
Total assets ⓘ
$13.2M
Gross margin ⓘ
—
52-week range ⓘ
$0.13 – $1.24

AI briefing

from the latest 10-K, 10-Q and 8-K events

Dynamic Aerospace Systems Corporation is an early-stage UAV manufacturer based in Ann Arbor, Michigan, developing VTOL drones for defense, government and commercial logistics under the OTC ticker BRQL.

What they do

The company is an original equipment manufacturer of unmanned aerial vehicles, formed after a 2025 restructuring that abandoned the prior MyTreat/BrooQLy logistics model in favor of UAV manufacturing and autonomous logistics. Its platforms include the US-1 electric multicopter, the G1-VTOL long-range hybrid, and the Mitigator-Class tactical drone, marketed for logistics, surveillance, ISR and public safety. It reports serving government, defense and commercial customers in the United States, Gulf Coast nations and NATO countries.

Revenue drivers

  • US-1 Electric Multicopter — Multicopter from the Impossible Aerospace assets with a patented battery-integrated airframe, rated at 70+ minutes of flight with a 3 kg payload, targeted at surveillance, search and rescue and urban logistics. No revenue contribution is disclosed.
  • G1-VTOL Long-Range Hybrid — Hybrid VTOL from the Vayu Aerospace assets claiming up to 11 hours of endurance, flight-tested under ESSA regulations in Dubai and pitched for logistics, ISR and humanitarian missions. No revenue contribution is disclosed.
  • Mitigator-Class Tactical Drone — Compact tactical drone for law enforcement and rugged ISR operations. No revenue contribution is disclosed.
  • Defense and government programs — MD&A cites early-stage contracts and pilot programs with government agencies, NATO allies and commercial aerospace partners, but describes revenue generation as still in the growth phase.

Recent performance

Reported revenue was $0 in fiscal 2025 and $0 for each of the quarters ended 2025-09-30, 2025-12-31, 2026-03-31 and 2026-06-30. Net loss widened from $348,288 in 2023 to $1.2M in 2024 and $7.8M in 2025, with diluted EPS of -$0.01, -$0.05 and -$0.23 respectively. Operating cash flow was negative every year shown, at -$80,827 in 2023, -$34,098 in 2024 and -$1.9M in 2025. At 2026-06-30 total assets were $13.2M, shareholder equity $8.8M, and cash and equivalents $7,605.

Strategy

Management says it is focused on commercializing VTOL drones and UAV systems and scaling production while pursuing larger contracts. The 2025 asset acquisitions from Vayu (US) Inc., Impossible Aerospace Corporation and Global Autonomous Corporation were funded with Class B Common Stock to preserve cash. Planned flight testing at Strother Field, Kansas is expected to be operational in 2026, alongside existing Ann Arbor, Michigan facilities. MD&A states the company is exploring additional equity and debt financing for R&D and manufacturing expansion.

Risks

  • Going concern — The company's independent registered public accounting firm has expressed substantial doubt about its ability to continue as a going concern, which management says may hinder future financing.
  • No revenue, continuing losses — The company reports $0 revenue in fiscal 2025 and each recent quarter while net loss reached $7.8M in 2025 and operating cash flow was -$1.9M.
  • Acquisition integration — The risk factors state the company may not successfully integrate the businesses and personnel acquired from Vayu, IAC and GAC or realize the anticipated synergies.
  • Internal control weaknesses — The company has identified material weaknesses in internal control over financial reporting and warns it may not be able to accurately or timely report results if not remediated.

Outlook

Management describes revenue generation as still in the growth phase, dependent on scaling production and securing larger contracts with government and commercial clients. It says its ability to secure additional capital will be critical to sustaining operations, and that it is exploring further equity and debt financing. Planned Strother Field, Kansas flight testing is expected to become operational in 2026. No revenue or earnings guidance is provided.

Recent SEC filings

40 most recent
Annual, quarterly & current reports