Drone Delivery Canada (TSE:FLT) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Volatus Aerospace Corp. has announced its third-quarter financial results, highlighting a significant 44% growth in service revenue and a maintained gross margin of 34% following a strategic merger with Drone Delivery Canada. The company also improved its financial standing with a $15 million financing deal led by institutional investors. Despite reporting a comprehensive loss due to one-time merger costs, the company remains optimistic about regaining equipment sales in the next quarter.
For further insights into TSE:FLT stock, check out TipRanks’ Stock Analysis page.
