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Bullboard - Stock Discussion Forum Deveron Corp V.FARM

Alternate Symbol(s):  DVRNF

Industrials
Deveron Corp. is an agriculture technology company. The Company’s operating segment include data acquisition services and data analytics sector in Canada and in the United State of America. It uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. It provides full service from collection to soil and analysis. The Company... see more

TSXV:FARM - Post Discussion

Deveron Corp > Deveron Reports 236% Annual Revenue Growth
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Post by Betteryear2 on Apr 28, 2023 8:41am

Deveron Reports 236% Annual Revenue Growth

Toronto, Ontario--(Newsfile Corp. - April 28, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, is pleased to announce its Fiscal Year 2022 annual audited and Q4 results. Fiscal Year 2022 revenue grew 236% to $28,923,133 from $8,598,475 in 2021, while the adjusted EBITDA* loss improved to $(827,268) in 2022 from $(3,328,280) in 2021. In Q4/2022, adjusted EBITDA* totaled $4,815,798 compared to an adjusted EBITDA* loss of $(593,096) in Q4 2021. Revenue for Q4/2022 grew 237% to $15,143,300 from $4,491,103 in Q4/2021. Deveron's net income totaled $3,975,838 in Q4/2022 compared to a net loss of $(1,388,777) in Q4/2021.

Deveron Reports 236% Annual Revenue Growth and $4.8 Million Adjusted EBITDA* in Q4 2022 (newsfilecorp.com)
Comment by lscfa on Apr 28, 2023 9:16am
Acquistions are hiding the seasonal nature of the business....Do not extrapolate q4 to annualized no.
Comment by RockLobster1 on Apr 28, 2023 9:56am
I dont think there is any hiding, hopefully we all know farming is seasonal.  But the comparison of Q to Q and year to year is showing the huge increase in growth, without suffering margin damage while bringing in the huge amount of acquisitions, which I think is impressive.  As they consolidate and increase their sales margins should improve. Overall looks great, the markets are ...more  
Deveron Corp
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