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Deveron UAS ( (TSE:FARM) ) has shared an announcement.
Deveron Corp. has released its audited financial results for the year ending June 2024 and the quarter ending September 2024. The company experienced a slight decline in revenue by 3.5% for the year, but saw a significant improvement in Adjusted EBITDA, which increased by 347%. However, the company recorded an impairment charge of $43,132,423, attributed mainly to goodwill from the acquisition of lab testing businesses. Additionally, Deveron’s financial performance was impacted by seasonal tissue volumes and the exit from the US carbon service business. The company is working with the Ontario Securities Commission to address a review of its continuous disclosure after being subjected to a cease trade order for more than 120 days.
More about Deveron UAS
Deveron Corp. is an agriculture service and data company operating in North America. The company focuses on providing agricultural data services and has been involved in acquiring lab testing businesses, including A&L Canada Laboratories.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$8.31M
Find detailed analytics on FARM stock on TipRanks’ Stock Analysis page.
