Toronto, Ontario – Deveron UAS Corp. (CSE: DVR) (“Deveron” or the “Company”) a leading
agriculture digital services and insights provider in North America, is pleased to announce
revenue growth of 54% year over year to $1,123,867 in Q2 2020. This marks a major milestone
for the Company, as it has successfully sold over $1 million in products and services for the first
time in one quarter since the Company’s founding.
The Company’s financial performance improved over the previous year’s quarter, driven by
higher margin data insight solutions, led by the Company’s acquisition of Texas based Better
Harvest, and the doubling of farm acres serviced from its data collection division. For the three month financial results ended June 30, 2020 (and comparable period ended June 30, 2019):
• Revenue grew 54% year over year to $1,123,867 in Q2 2020, from $727,973 in Q2 2019
• Revenue from US operations grew 361% to $595,696 in Q2 2020
• Total comprehensive income for the period was $76,223