Drone Delivery Canada (TSE:FLT) has released an update.
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Drone Delivery Canada Corp. reported a significant decrease in Q1 2024 revenue by over 80%, attributed to a non-recurring contract, despite reducing operating losses by 30% and appointing experienced finance veteran Mike McKeon as new CFO. The company is focused on cost reduction and is leveraging its proprietary logistics software platform in the drone technology sector.
For further insights into TSE:FLT stock, check out TipRanks’ Stock Analysis page.
