Deveron Reports Q3 Revenue Growth of 493%

Toronto, Ontario – Deveron UAS Corp. (CSE: DVR) (“Deveron” or the “Company”) a leading agriculture digital services and analytics provider in North America is pleased to announce revenue growth of 493% year over year to $642,408 in Q32019.For the second quarter in a row, Deveron has achieved overa400% increase in quarterly revenue.

Third Quarter 2019 Financial and Operational Highlights

The Company’s financial performance improved significantly over the previous year’s quarter, driven by organic growth in data collection and the success full integration of our analytics arm. Deveron reported an improvement in gross margin as its data collection network operated at a higher capacity which management believes will continue to improve unit economics. For the three-month financial results ended September30, 2019 (and comparable period ended September30, 2018):

•Revenue grew 493% year over year to $642,408 in Q32019,from $108,416 in Q3 2018;

•Gross profit was $455,449 in Q3 2019 which was an improvement from -$21,003 in Q3 2018;

•Gross profit margin improved to 71% in Q3 2019 from 0% in Q3 2018;

•Second quarter in a row that quarterly revenue surpassed 2018 total fiscal year revenue of $500,626;

•Working capital of $2,067,244 and no debt.“Our third quarter results reflect continued revenue growth driven by data collection services, including drone and soil, which will continue to drive future analytics sales as our customers look for insights in tot heir data,” commented David MacMillan, Deveron’s President and CEO.“We have achieved significant growth this quarter which continues to validate our business strategy.With the opening of our US office in Kansas City and our early success in customer acquisition, we believe Deveron is just starting to realize the growth potential across our multiple data business lines. Considering we have only started to monetize data services on a portion of the almost 1 billion acres of farmland in North America,we believe the quarters ahead position us for a continued growth trajectory similar to the last 2 quarters.”

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