Deveron Reports $7.2 Million in Revenue in Q3 2022

Toronto, Ontario Deveron Corp. (TSX V: FARM) (“Deveron” or the “Company”), a leading agriculture data company in North America, is pleased to report Q3 2022 year over year revenue growth of 347%. Revenue grew to $7,189,494 in Q3 2022 from $1,607,569 in Q3 2021, driven by 62% organic growth. Year to date revenue grew 235% to $13,779,833 in Q3 2022 from $4,107,373 in Q3 2021. Full financial results are available at sedar.com.

“Deveron achieved exceptional triple digit revenue growth in the third quarter, despite industry wide harvest delays. Given the backlog at the end of Q3, the growth in carbon services as well as our significantly increased lab testing capacity, we expect the fourth quarter will again show record revenue with significant margin expansion as more soil samples flow through our ecosystem,” commented David MacMillan, Deveron’s President and CEO.

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