Danavation Technologies Corp C.DVN

Alternate Symbol(s): DVNCF

Danavation Technologies Corp. is a Canada-based technology company. The Company's principal activity relates to the sale of micro e-paper displays and software to retailers to automate labeling, pricing, product, and promotions in real-time. Its Digital Smart Labels (DSLs), powered by IoT automation technology and software Platform-as-a-Service (PaaS), enables companies across various sectors to automate labelling, price, product, and promotions in real-time. DSLs also help in enhancing data accuracy and improving performance by optimizing inventory, removing high labor costs and low productivity associated with traditional labor-intensive workflows. It has introduced its solution to retailers across North America, including big box and boutique grocers, while also targeting new markets including healthcare providers, manufacturing, and logistics companies. The Company's subsidiaries include Danavation Technologies Inc. and 0890810 BC Ltd.

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Danavation Technologies Corp > Fins on sedar

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Comment by lscfaon Dec 29, 2021 4:21pm

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Post# 34268909

RE:RE:Fins on sedar

The bozos won't disclose restated margins so we have to guess...

Qtr ending	Restated rev	Restated Gross profit	Margin
Oct 21	138,211	(90,840)	(65.7%)
Jul 21	96,511	(44,073)	(45.7%)
Apr 21	42,363	12,000	28.3%
Jan 21	37,761	10,000	26.5%
Oct 20	13,000	9,036	69.5%

lscfa wrote:

Gross margin during the three months ended October 31, 2021 declined to $(90,840) due to a large contract which was strategically priced below cost and represented a ‘lost leader’. In the comparative period, gross margin totaled $9,036.

lscfa wrote: 3 months ending October 31....

revenues $138,211......cost of revenues $229,051.....W T F ?