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Drone Delivery Canada Corp V.FLT

Alternate Symbol(s):  TAKOF

Drone Delivery Canada Corp. is a Canada-based drone technology company. The Company is focused on the designing, development and implementation of its proprietary logistics software platform, using drones. The Company’s hardware/software platform is used as a managed service and software as a service business model for government and corporate organizations. It is scalable to operational capabilities 24 hours a day, 365 days a year. It provides a complete turnkey logistics solution, which includes a proprietary software system (FLYTE), hardware and professional services, allowing for an autonomous cargo delivery process from depot to depot. It is focused on servicing a range of vertical markets, including remote communities, Indigenous communities, courier services, retail, e-commerce, mining, oil and gas, healthcare and pharmaceuticals, government, military, shore-to-ship, and construction applications in Canada and potentially internationally.


TSXV:FLT - Post by User

Comment by InvestForceon Mar 21, 2023 9:54pm
105 Views
Post# 35352709

RE:News

RE:NewsNot quite to $1M annual revenue (and certainly not the once predicted $14M) but it's progress. Still, $10k less than last quarter. I don't see enough jet fuel in the SEDAR md&a to spark a strong and lasting uptrend yet. I liked the Bell wireless arrangement, which is key for autonomous flight, and the growing number of contracts and plans in the works. I was specifically looking for quarter over quarter growth and it's much slower than the pace required to meet analyst expectations. This is an unfair drag when analysts expectations are unrealistic for growth for a company that has the plot the way forward as the best in class in this new industry and can't do so without the long process of overcoming regulations. It's a longer process than I first expected.
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