Deveron Reports 2019 Year End and Fourth Quarter Financial Results [Canadian Business Journal (Canada)]
Diversified Healthcare Trust - Common Shares of Beneficial Interest (DHC)
Company Research
Source: Canadian Business Journal
TORONTO, April 23, 2020 (GLOBE NEWSWIRE) — Deveron UAS Corp. (CSE: DVR) (“Deveron”“Company”Year-End 2019 and Fourth Quarter Financial and Operational Highlightsrevenue grew 311% year over year to $2,055,437 in 2019, from $500,626 in 2018;gross profit grew 741% year over year to $1,212,030 in 2019 from $144,194 in 2018; andgross profit margin improved to 59% in 2019 from 29% in 2018;Fourth Quarter 2019revenue grew 151% to $584,492 in Q4/2019 compared to $233,581 in Q4/2018 ;gross profit grew 90% to $178,690 in Q4/2019 compared to $93,817 in Q4/2018; andgross profit margin declined to 31% in Q4/2019 from 40% in Q4/2018.“Our annual results reflect the incredible contribution that our team has made to our two main lines of business,” commented David MacMillan, Deveron’s President and CEO. “This year, we have achieved significant growth which continues to validate Deveron’s value proposition to our customers. It was a challenging year for many of our customers across North America due to
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