Deveron Reports Q1 Revenue Growth of 181%

Toronto, Ontario – Deveron UAS Corp. (CSE: DVR) (“Deveron” or the “Company”) a leading agriculture digital services and insights provider in North America is pleased to announce revenue growth of 181% year over year to $283,420 in Q1 2020.  For the fourth quarter in a row, Deveron achieved sales growth of over 100%.

First Quarter 2020 Financial and Operational Highlights

The Company’s financial performance improved over the previous year’s quarter, driven by the continued customer uptake of Deveron’s soil sampling service.  For the three-month financial results ended March 31, 2020 (and comparable period ended March 31, 2019):

  • Revenue grew 181% year over year to $283,420 in Q1 2020, from $100,564 in Q1 2019.
  • Gross profit grew 160% year over year to $180,212 in Q1 2020, from $69,833 in Q1 2019.

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