Deveron Key Executives
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Deveron Earnings
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Deveron Corp., an agriculture technology company, provides drone data services to the farming sector in the United States and Canada. It offers data acquisition services and data analytics based on digital recommendations and data interpretations. The company provides data collection services, including data collection for soil sampling, drone data, etc. It also offers remote sensing and precision agriculture data aggregation and analytic services. The company was formerly known as Deveron UAS Corp. and changed its name to Deveron Corp. in September 2020. Deveron Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.
$0.00
Stock Price
$5.79M
Market Cap
-
Employees
Toronto, ON
Location
Financial Statements
Access annual & quarterly financial statements for Deveron, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | June 30, 2024 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $35.32M | $28.92M | $8.60M | $2.87M | $2.06M |
| Cost of Revenue | $11.71M | $8.97M | $2.77M | $631.01K | $843.41K |
| Gross Profit | $23.61M | $19.95M | $5.83M | $2.24M | $1.21M |
| Gross Profit Ratio | 66.80% | 68.98% | 67.80% | 78.01% | 58.97% |
| Research and Development Expenses | $- | $- | $- | $- | $53.31K |
| General and Administrative Expenses | $22.98M | $23.47M | $9.67M | $3.83M | $2.88M |
| Selling and Marketing Expenses | $- | $- | $- | $54.25K | $53.31K |
| Selling General and Administrative Expenses | $22.98M | $23.47M | $9.67M | $3.83M | $2.88M |
| Other Expenses | $628.84K | $- | $- | $- | $- |
| Operating Expenses | $23.61M | $19.95M | $10.58M | $4.02M | $3.05M |
| Cost and Expenses | $35.32M | $37.08M | $13.35M | $4.65M | $3.89M |
| Interest Income | $933 | $58.57K | $15.42K | $14.15K | $39.72K |
| Interest Expense | $3.50M | $3.37M | $111.45K | $20.91K | $17.07K |
| Depreciation and Amortization | $7.94M | $4.83M | $914.21K | $183.55K | $163.60K |
| EBITDA | $-43.16M | $24.12K | $-3.99M | $-1.56M | $-1.76M |
| EBITDA Ratio | -122.21% | 0.08% | -44.45% | -55.27% | -79.58% |
| Operating Income | $- | $-8.34M | $-4.74M | $-1.77M | $-1.80M |
| Operating Income Ratio | 0.00% | -28.85% | -55.09% | -61.67% | -87.53% |
| Total Other Income Expenses Net | $-54.60M | $169.53K | $-1.01M | $-171.18K | $-207.54K |
| Income Before Tax | $-54.60M | $-8.17M | $-5.02M | $-1.76M | $-1.94M |
| Income Before Tax Ratio | -154.59% | -28.26% | -58.39% | -61.39% | -94.26% |
| Income Tax Expense | $1.76M | $399.20K | $268.36K | $20.91K | $17.07K |
| Net Income | $-57.48M | $-9.09M | $-5.18M | $-1.76M | $-1.94M |
| Net Income Ratio | -162.76% | -31.41% | -60.21% | -61.39% | -94.26% |
| EPS | $-0.37 | $-0.20 | $-0.07 | $-0.04 | $-0.05 |
| EPS Diluted | $-0.37 | $-0.19 | $-0.07 | $-0.04 | $-0.05 |
| Weighted Average Shares Outstanding | 156.55M | 135.82M | 76.99M | 48.33M | 37.96M |
| Weighted Average Shares Outstanding Diluted | 156.55M | 142.09M | 76.99M | 48.33M | 37.96M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.24M | $6.84M | $5.45M | $15.31M | $7.72M | $8.91M | $5.36M | $15.14M | $7.19M | $5.18M | $1.41M | $4.49M | $1.61M | $1.83M | $667.73K | $752.43K | $709.73K | $1.12M | $283.42K | $584.49K |
| Cost of Revenue | $2.42M | $2.94M | $2.09M | $9.69M | $2.70M | $2.41M | $2.46M | $3.42M | $2.87M | $2.02M | $669.29K | $1.31M | $600.05K | $572.95K | $284.06K | $142.39K | $268.40K | $198.24K | $103.21K | $405.80K |
| Gross Profit | $4.82M | $3.90M | $3.36M | $5.61M | $5.01M | $6.50M | $2.89M | $11.73M | $4.32M | $3.17M | $737.67K | $3.18M | $1.01M | $1.26M | $383.67K | $610.04K | $441.34K | $925.63K | $180.21K | $178.69K |
| Gross Profit Ratio | 66.60% | 57.10% | 61.60% | 36.70% | 65.00% | 73.00% | 54.00% | 77.40% | 60.10% | 61.10% | 52.40% | 70.80% | 62.70% | 68.70% | 57.50% | 81.08% | 62.18% | 82.36% | 63.58% | 30.57% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $8.62K |
| General and Administrative Expenses | $5.38M | $5.29M | $2.12M | $6.08M | $6.54M | $6.81M | $6.86M | $7.15M | $6.02M | $6.49M | $3.80M | $3.78M | $2.56M | $1.91M | $1.31M | $1.34M | $963.01K | $750.07K | $695.84K | $551.32K |
| Selling and Marketing Expenses | $- | $- | $2.95M | $-3.85M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $14.60K | $17.09K | $5.02K | $17.54K | $8.62K |
| Selling General and Administrative Expenses | $5.38M | $5.29M | $5.07M | $2.23M | $6.54M | $6.81M | $6.86M | $7.15M | $6.02M | $6.49M | $3.80M | $3.78M | $2.56M | $1.91M | $1.31M | $1.34M | $963.01K | $750.07K | $695.84K | $551.32K |
| Other Expenses | $-568.74K | $-1.39M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-115.96K | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $4.82M | $3.90M | $5.07M | $2.23M | $8.34M | $8.60M | $8.65M | $5.74M | $8.18M | $7.10M | $4.23M | $4.49M | $2.64M | $1.98M | $1.36M | $1.38M | $1.01M | $806.85K | $746.30K | $589.14K |
| Cost and Expenses | $7.24M | $6.84M | $7.16M | $11.93M | $11.05M | $11.01M | $11.12M | $9.16M | $11.05M | $9.11M | $4.90M | $5.80M | $3.24M | $2.55M | $1.64M | $1.52M | $1.28M | $1.01M | $849.51K | $994.94K |
| Interest Income | $- | $-43.88K | $32 | $1.77K | $43.01K | $7.38K | $13.29K | $13.67K | $25.72K | $13.49K | $5.68K | $8.25K | $3.21K | $1.38K | $2.59K | $447 | $5.05K | $2.91K | $8.28K | $2.52K |
| Interest Expense | $497.23K | $585.24K | $1.01M | $1.01M | $891.30K | $1.46M | $1.14M | $1.84M | $1.13M | $348.46K | $46.48K | $45.16K | $41.83K | $8.35K | $16.11K | $4.80K | $5.96K | $- | $12.69K | $242 |
| Depreciation and Amortization | $1.80M | $2.37M | $1.90M | $1.87M | $1.81M | $1.80M | $1.79M | $1.63M | $2.16M | $608.79K | $429.69K | $702.20K | $86.08K | $74.75K | $51.18K | $30.83K | $46.63K | $55.62K | $50.47K | $37.82K |
| EBITDA | $1.09M | $-43.55M | $-1.37M | $4.89M | $-3.13M | $-4.21M | $-3.18M | $7.62M | $-1.31M | $-3.22M | $-3.07M | $-641.41K | $-1.67M | $-762.29K | $-912.18K | $-661.56K | $-519.22K | $219.86K | $-505.62K | $-503.14K |
| EBITDA Ratio | 15.12% | -637.03% | -25.09% | 34.31% | -19.16% | -3.36% | -73.77% | 50.41% | -23.30% | -63.84% | -217.28% | -13.27% | -96.20% | -41.53% | -137.62% | -97.58% | -73.16% | 19.56% | -179.01% | -63.32% |
| Operating Income | $- | $- | $-1.71M | $3.38M | $-3.29M | $-2.10M | $-5.75M | $6.00M | $-3.83M | $-3.92M | $-3.49M | $-1.30M | $-1.63M | $-835.66K | $-970.10K | $-765.02K | $-565.85K | $164.24K | $-557.81K | $-407.92K |
| Operating Income Ratio | 0.00% | 0.00% | -31.32% | 22.09% | -42.58% | -23.53% | -107.22% | 39.63% | -53.32% | -75.58% | -247.82% | -28.91% | -101.56% | -45.61% | -145.28% | -101.67% | -79.73% | 14.61% | -196.81% | -69.79% |
| Total Other Income Expenses Net | $-1.21M | $-46.51M | $-2.56M | $-3.25M | $-2.54M | $-5.37M | $-2.15M | $-1.85M | $-2.90M | $-852.87K | $-57.53K | $-82.34K | $-68.06K | $-18.53K | $-9.37K | $68.27K | $-905 | $-42.55K | $-2.69K | $-49.19K |
| Income Before Tax | $-1.21M | $-46.51M | $-4.27M | $2.01M | $-5.82M | $-7.47M | $-6.11M | $4.15M | $-4.60M | $-4.18M | $-3.55M | $-1.39M | $-1.80M | $-855.58K | $-979.47K | $-697.19K | $-571.80K | $76.22K | $-568.78K | $-541.21K |
| Income Before Tax Ratio | -16.69% | -680.21% | -78.36% | 13.10% | -75.46% | -83.85% | -114.08% | 27.39% | -63.95% | -80.55% | -252.31% | -30.92% | -111.75% | -46.70% | -146.69% | -92.66% | -80.57% | 6.78% | -200.69% | -92.59% |
| Income Tax Expense | $280.45K | $1.04M | $5.07K | $569.15K | $151.66K | $98.87K | $21.17K | $172.05K | $188.25K | $38.90K | $47.53K | $6.03K | $237.87K | $-107.61K | $16.11K | $4.80K | $- | $42.55K | $12.69K | $242 |
| Net Income | $-1.65M | $-47.14M | $-3.95M | $-242.66K | $-6.15M | $-7.85M | $-5.73M | $3.53M | $-4.82M | $-4.25M | $-3.55M | $-1.35M | $-1.99M | $-855.58K | $-979.47K | $-697.19K | $-571.80K | $76.22K | $-568.78K | $-541.21K |
| Net Income Ratio | -22.78% | -689.44% | -72.41% | -1.59% | -79.73% | -88.13% | -106.98% | 23.32% | -67.03% | -81.94% | -252.38% | -30.05% | -123.94% | -46.70% | -146.69% | -92.66% | -80.57% | 6.78% | -200.69% | -92.59% |
| EPS | $-0.01 | $-0.30 | $-0.03 | $0.00 | $-0.04 | $-0.05 | $-0.04 | $0.03 | $-0.04 | $-0.04 | $-0.04 | $-0.02 | $-0.03 | $-0.01 | $-0.01 | $-0.02 | $-0.01 | $0.00 | $-0.01 | $-0.01 |
| EPS Diluted | $-0.01 | $-0.30 | $-0.03 | $0.00 | $-0.04 | $-0.05 | $-0.04 | $0.03 | $-0.04 | $-0.04 | $-0.04 | $-0.02 | $-0.03 | $-0.01 | $-0.01 | $-0.01 | $-0.01 | $0.00 | $-0.01 | $-0.01 |
| Weighted Average Shares Outstanding | 156.55M | 156.55M | 156.55M | 156.41M | 142.09M | 155.93M | 136.48M | 132.18M | 122.81M | 110.53M | 95.77M | 87.35M | 79.28M | 71.17M | 68.44M | 42.78M | 51.74M | 49.90M | 38.13M | 38.20M |
| Weighted Average Shares Outstanding Diluted | 156.55M | 156.55M | 156.55M | 156.41M | 142.09M | 155.93M | 136.48M | 132.18M | 122.81M | 110.53M | 95.77M | 76.99M | 79.28M | 71.17M | 68.44M | 48.33M | 51.74M | 49.90M | 38.13M | 37.96M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | June 30, 2024 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.19M | $5.82M | $6.87M | $6.22M | $1.28M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.19M | $5.82M | $6.87M | $6.22M | $1.28M |
| Net Receivables | $3.07M | $6.49M | $2.52M | $778.70K | $731.37K |
| Inventory | $- | $- | $-292.34K | $- | $- |
| Other Current Assets | $1.10M | $1.55M | $584.68K | $44.05K | $14.19K |
| Total Current Assets | $5.36M | $13.87M | $9.68M | $7.04M | $2.02M |
| Property Plant Equipment Net | $18.90M | $22.58M | $3.29M | $466.46K | $404.64K |
| Goodwill | $12.58M | $54.02M | $6.22M | $1.87M | $1.43M |
| Intangible Assets | $19.47M | $25.65M | $3.58M | $- | $- |
| Goodwill and Intangible Assets | $32.05M | $79.67M | $9.80M | $1.87M | $1.43M |
| Long Term Investments | $100 | $100 | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $547.68K | $605.26K | $- | $- | $- |
| Total Non-Current Assets | $51.49M | $102.86M | $13.09M | $2.33M | $1.83M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $56.86M | $116.73M | $22.77M | $9.37M | $3.86M |
| Account Payables | $3.92M | $2.22M | $925.97K | $298.21K | $341.61K |
| Short Term Debt | $33.09M | $8.29M | $539.79K | $101.34K | $92.70K |
| Tax Payables | $- | $- | $- | $- | $31.70K |
| Deferred Revenue | $- | $1.97M | $1.63M | $- | $- |
| Other Current Liabilities | $5.39M | $2.74M | $968.35K | $406.55K | $54.74K |
| Total Current Liabilities | $42.40M | $15.23M | $4.07M | $806.10K | $520.76K |
| Long Term Debt | $12.77M | $40.68M | $1.41M | $289.91K | $195.09K |
| Deferred Revenue Non-Current | $- | $1.14M | $979.05K | $18.44K | $20.48K |
| Deferred Tax Liabilities Non-Current | $5.48M | $5.76M | $-960.61K | $-18.44K | $-20.48K |
| Other Non-Current Liabilities | $14.05M | $9.92M | $- | $- | $- |
| Total Non-Current Liabilities | $32.31M | $57.50M | $2.39M | $308.34K | $215.57K |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $74.70M | $72.72M | $6.46M | $1.11M | $736.34K |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $48.24M | $41.01M | $18.25M | $9.97M | $5.29M |
| Retained Earnings | $-84.36M | $-18.49M | $-9.77M | $-4.72M | $-5.96M |
| Accumulated Other Comprehensive Income Loss | $-9.41M | $-3.03M | $6.20M | $3.01M | $3.80M |
| Other Total Stockholders Equity | $1.97M | $-202.44K | $- | $- | $- |
| Total Stockholders Equity | $-43.56M | $19.29M | $14.68M | $8.26M | $3.12M |
| Total Equity | $-17.84M | $44.00M | $16.31M | $8.26M | $3.12M |
| Total Liabilities and Stockholders Equity | $56.86M | $116.73M | $22.77M | $9.37M | $3.86M |
| Minority Interest | $25.72M | $24.72M | $1.63M | $- | $- |
| Total Liabilities and Total Equity | $56.86M | $116.73M | $22.77M | $9.37M | $3.86M |
| Total Investments | $100 | $100 | $- | $- | $- |
| Total Debt | $45.85M | $48.97M | $1.95M | $391.25K | $287.79K |
| Net Debt | $44.66M | $43.15M | $-4.92M | $-5.83M | $-990.11K |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $3.04M | $1.19M | $1.09M | $1.83M | $895.68K | $2.96M | $3.05M | $5.82M | $4.13M | $9.00M | $14.57M | $6.87M | $8.13M | $2.16M | $5.44M | $6.22M | $1.13M | $1.74M | $1.05M | $1.28M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $3.04M | $1.19M | $1.09M | $1.83M | $895.68K | $2.96M | $3.05M | $5.82M | $4.13M | $9.00M | $14.57M | $6.87M | $8.13M | $2.16M | $5.44M | $6.22M | $1.13M | $1.74M | $1.05M | $1.28M |
| Net Receivables | $3.16M | $3.07M | $3.87M | $6.03M | $4.13M | $4.29M | $3.14M | $6.49M | $4.33M | $3.84M | $743.46K | $2.52M | $1.05M | $1.95M | $799.84K | $778.70K | $895.30K | $759.70K | $553.12K | $731.37K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $-1.55M | $-872.27K | $-926.83K | $-953.93K | $-292.34K | $2 | $- | $- | $-90.36K | $-83.44K | $1 | $-48.14K | $-62.41K |
| Other Current Assets | $1.16M | $1.10M | $677.08K | $1.26M | $1.28M | $1.37M | $1.06M | $1.55M | $1.74M | $1.85M | $1.91M | $584.68K | $290.17K | $77.99K | $155.51K | $44.05K | $37.16K | $43.46K | $36.43K | $14.19K |
| Total Current Assets | $7.36M | $5.36M | $5.63M | $9.12M | $6.31M | $8.62M | $7.25M | $13.87M | $9.33M | $13.77M | $16.26M | $9.68M | $9.47M | $4.30M | $6.39M | $7.04M | $2.06M | $2.55M | $1.64M | $2.02M |
| Property Plant Equipment Net | $18.28M | $18.90M | $20.08M | $20.74M | $21.60M | $21.98M | $22.33M | $22.58M | $19.87M | $15.44M | $3.37M | $3.29M | $2.69M | $1.10M | $457.80K | $466.46K | $411.37K | $376.04K | $355.36K | $404.64K |
| Goodwill | $12.58M | $12.58M | $54.04M | $53.86M | $54.00M | $53.86M | $54.01M | $54.02M | $47.51M | $31.31M | $6.97M | $6.22M | $10.11M | $7.40M | $2.18M | $1.87M | $1.87M | $1.87M | $1.43M | $1.43M |
| Intangible Assets | $18.50M | $19.47M | $22.01M | $22.62M | $23.55M | $24.18M | $25.02M | $25.65M | $31.04M | $41.86M | $3.87M | $3.58M | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $31.08M | $32.05M | $76.06M | $76.47M | $77.56M | $78.04M | $79.03M | $79.67M | $78.55M | $73.17M | $10.85M | $9.80M | $10.11M | $7.40M | $2.18M | $1.87M | $1.87M | $1.87M | $1.43M | $1.43M |
| Long Term Investments | $100 | $100 | $129.79K | $555.80K | $100 | $100 | $100 | $100 | $2.58M | $2.17M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $-22.62M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $161.49K | $547.68K | $547.68K | $22.62M | $570.64K | $584.16K | $598.82K | $605.26K | $849.75K | $384.71K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Assets | $49.52M | $51.49M | $96.82M | $97.77M | $99.72M | $100.61M | $101.96M | $102.86M | $101.85M | $91.16M | $14.22M | $13.09M | $12.80M | $8.50M | $2.64M | $2.33M | $2.28M | $2.24M | $1.78M | $1.83M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $56.88M | $56.86M | $102.45M | $106.89M | $106.03M | $109.23M | $109.21M | $116.73M | $111.18M | $104.94M | $30.49M | $22.77M | $22.27M | $12.80M | $9.03M | $9.37M | $4.34M | $4.79M | $3.42M | $3.86M |
| Account Payables | $3.79M | $3.92M | $3.65M | $4.07M | $2.87M | $2.69M | $1.90M | $2.22M | $1.92M | $1.26M | $619.61K | $925.97K | $505.14K | $613.72K | $383.43K | $298.21K | $442.69K | $324.95K | $281.64K | $341.61K |
| Short Term Debt | $31.89M | $33.09M | $7.83M | $7.50M | $7.70M | $7.70M | $8.29M | $8.29M | $8.83M | $8.66M | $460.15K | $539.79K | $310.30K | $74.52K | $65.98K | $101.34K | $100.73K | $99.40K | $68.51K | $92.70K |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $10.53K | $15.62K | $36.49K | $31.70K |
| Deferred Revenue | $- | $- | $- | $1 | $- | $- | $1.17M | $1.97M | $- | $- | $1.68M | $1.63M | $615.60K | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $6.37M | $5.39M | $2.99M | $3.33M | $3.70M | $3.01M | $3.46M | $2.74M | $2.79M | $3.06M | $796.53K | $968.35K | $1.38M | $219.55K | $272.17K | $406.55K | $86.32K | $51.79K | $106.88K | $54.74K |
| Total Current Liabilities | $42.05M | $42.40M | $14.46M | $14.91M | $14.27M | $13.40M | $14.82M | $15.23M | $13.54M | $12.99M | $3.56M | $4.07M | $2.20M | $907.79K | $721.58K | $806.10K | $640.27K | $491.76K | $493.52K | $520.76K |
| Long Term Debt | $13.15M | $12.77M | $38.20M | $37.90M | $38.82M | $39.85M | $40.19M | $40.68M | $38.87M | $36.84M | $1.41M | $1.41M | $1.06M | $233.07K | $284.87K | $289.91K | $232.78K | $263.24K | $203.75K | $195.09K |
| Deferred Revenue Non-Current | $- | $- | $- | $2.24M | $- | $- | $769.22K | $1.14M | $45.59K | $69.48K | $821.72K | $979.05K | $79.21K | $18.44K | $146.83K | $18.44K | $5.59K | $22.37K | $100.90K | $20.48K |
| Deferred Tax Liabilities Non-Current | $5.48M | $5.48M | $4.94M | $4.94M | $5.44M | $5.38M | $5.76M | $5.76M | $8.06M | $517.30K | $-729.03K | $-960.61K | $- | $- | $-146.83K | $-18.44K | $-5.59K | $-22.37K | $-100.90K | $-20.48K |
| Other Non-Current Liabilities | $12.21M | $14.05M | $15.70M | $16.36M | $16.16M | $13.97M | $9.16M | $11.05M | $370.36K | $353.12K | $729.03K | $- | $1.32M | $734.18K | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $30.85M | $32.31M | $58.84M | $59.20M | $60.42M | $59.21M | $55.87M | $57.50M | $47.35M | $37.78M | $2.23M | $2.39M | $2.46M | $985.69K | $431.69K | $308.34K | $238.38K | $285.61K | $304.65K | $215.57K |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $72.90M | $74.70M | $73.30M | $74.11M | $74.69M | $72.61M | $70.69M | $72.72M | $60.89M | $50.76M | $5.79M | $6.46M | $4.66M | $1.89M | $1.15M | $1.11M | $878.65K | $777.37K | $798.17K | $736.34K |
| Preferred Stock | $- | $- | $2 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $50.76M | $48.24M | $47.54M | $47.35M | $47.37M | $47.12M | $41.17M | $41.01M | $36.22M | $35.26M | $27.32M | $18.25M | $17.59M | $11.28M | $10.14M | $9.97M | $6.13M | $6.12M | $5.29M | $5.29M |
| Retained Earnings | $-86.01M | $-84.36M | $-37.67M | $-36.56M | $-36.32M | $-32.07M | $-24.22M | $-18.49M | $-22.54M | $-17.72M | $-13.31M | $-9.77M | $-8.54M | $-6.55M | $-5.70M | $-4.72M | $-4.25M | $-4.02M | $-4.41M | $-5.96M |
| Accumulated Other Comprehensive Income Loss | $-8.61M | $-9.41M | $-6.84M | $-4.46M | $-6.22M | $-4.77M | $-4.49M | $-4.97M | $9.51M | $9.54M | $9.05M | $6.20M | $6.89M | $4.58M | $3.43M | $3.01M | $1.58M | $1.91M | $1.74M | $3.80M |
| Other Total Stockholders Equity | $1.97M | $1.97M | $-2 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.72M | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $-41.89M | $-43.56M | $3.03M | $6.33M | $6.57M | $12.02M | $14.21M | $19.29M | $24.93M | $28.83M | $23.06M | $14.68M | $15.94M | $9.31M | $7.88M | $8.26M | $3.46M | $4.01M | $2.62M | $3.12M |
| Total Equity | $-16.01M | $-17.84M | $29.15M | $32.79M | $31.34M | $36.62M | $38.52M | $44.00M | $50.29M | $54.17M | $24.70M | $16.31M | $17.61M | $10.90M | $7.88M | $8.26M | $3.46M | $4.01M | $2.62M | $3.12M |
| Total Liabilities and Stockholders Equity | $56.88M | $56.86M | $102.45M | $106.89M | $106.03M | $109.23M | $109.21M | $116.73M | $111.18M | $104.94M | $30.49M | $22.77M | $22.27M | $12.80M | $9.03M | $9.37M | $4.34M | $4.79M | $3.42M | $3.86M |
| Minority Interest | $25.88M | $25.72M | $26.12M | $26.45M | $24.77M | $24.60M | $24.31M | $24.72M | $25.36M | $25.35M | $1.63M | $1.63M | $1.67M | $1.59M | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $56.88M | $56.86M | $102.45M | $106.89M | $106.03M | $109.23M | $109.21M | $116.73M | $111.18M | $104.94M | $30.49M | $22.77M | $22.27M | $12.80M | $9.03M | $9.37M | $4.34M | $4.79M | $3.42M | $3.86M |
| Total Investments | $100 | $100 | $129.79K | $555.80K | $100 | $100 | $100 | $100 | $2.58M | $2.17M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $45.04M | $45.85M | $46.02M | $45.15M | $46.94M | $47.55M | $48.48M | $48.97M | $47.70M | $45.50M | $1.87M | $1.95M | $1.37M | $307.60K | $350.85K | $391.25K | $333.52K | $362.64K | $272.25K | $287.79K |
| Net Debt | $42.00M | $44.66M | $44.93M | $43.31M | $46.04M | $44.59M | $45.43M | $43.15M | $43.57M | $36.50M | $-12.70M | $-4.92M | $-6.76M | $-1.85M | $-5.09M | $-5.83M | $-792.50K | $-1.38M | $-773.63K | $-990.11K |
Annual Cash Flow
| Breakdown | June 30, 2024 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-56.36M | $-9.09M | $-5.02M | $-1.76M | $-1.94M |
| Depreciation and Amortization | $7.94M | $4.83M | $914.21K | $183.55K | $163.60K |
| Deferred Income Tax | $1.76M | $399.20K | $65.30K | $-105.99K | $- |
| Stock Based Compensation | $1.06M | $1.15M | $666.33K | $106.80K | $497.80K |
| Change in Working Capital | $3.59M | $-6.28M | $-560.55K | $-7.21K | $-235.11K |
| Accounts Receivables | $1.48M | $4.79M | $-951.53K | $-47.78K | $-297.19K |
| Inventory | $- | $- | $292.46K | $- | $- |
| Accounts Payables | $2.11M | $-3.15M | $390.98K | $42.62K | $41.59K |
| Other Working Capital | $- | $-7.92M | $-292.46K | $-2.05K | $20.48K |
| Other Non Cash Items | $46.50M | $-1.01M | $-280.21K | $-96.11K | $-80.33K |
| Net Cash Provided by Operating Activities | $4.50M | $-10.00M | $-4.22M | $-1.68M | $-1.59M |
| Investments in Property Plant and Equipment | $-1.46M | $-5.49M | $-513.16K | $-169.56K | $-126.60K |
| Acquisitions Net | $- | $-36.47M | $-3.89M | $-229.51K | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-27.70K | $-1.49M | $- | $16.46K | $- |
| Net Cash Used for Investing Activities | $-1.48M | $-43.45M | $-4.40M | $-382.62K | $-126.60K |
| Debt Repayment | $-3.04M | $37.08M | $-306.24K | $183.88K | $- |
| Common Stock Issued | $- | $14.80M | $8.21M | $7.15M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-1.75M | $523.76K | $9.57M | $-326.83K | $72.75K |
| Net Cash Used Provided by Financing Activities | $-4.78M | $52.41M | $9.27M | $7.00M | $72.75K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-1.77M | $-1.04M | $650.08K | $4.94M | $-1.65M |
| Cash at End of Period | $1.19M | $5.82M | $6.87M | $6.22M | $1.28M |
| Cash at Beginning of Period | $2.96M | $6.87M | $6.22M | $1.28M | $2.92M |
| Operating Cash Flow | $4.50M | $-10.00M | $-4.22M | $-1.68M | $-1.59M |
| Capital Expenditure | $-1.46M | $-5.49M | $-513.16K | $-169.56K | $-126.60K |
| Free Cash Flow | $3.04M | $-15.49M | $-4.73M | $-1.85M | $-1.72M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.49M | $-47.54M | $-4.28M | $-242.66K | $-5.98M | $-7.57M | $-6.13M | $3.98M | $-4.79M | $-4.21M | $-3.55M | $-1.39M | $-1.80M | $-855.58K | $-979.47K | $-697.19K | $-571.80K | $76.22K | $-568.78K | $-541.21K |
| Depreciation and Amortization | $1.80M | $2.37M | $1.90M | $1.87M | $1.81M | $1.80M | $1.79M | $1.63M | $2.16M | $608.79K | $429.69K | $702.20K | $86.08K | $74.75K | $51.18K | $30.83K | $46.63K | $55.62K | $50.47K | $37.82K |
| Deferred Income Tax | $280.45K | $1.04M | $5.07K | $569.15K | $151.66K | $3.99M | $-1.31M | $-3.48M | $-730.07K | $-340.62K | $59.61K | $-95.80K | $-79.69K | $240.56K | $230 | $-149.73K | $- | $45.46K | $-1.72K | $- |
| Stock Based Compensation | $199.59K | $218.80K | $236.91K | $316.48K | $291.94K | $337.06K | $563.79K | $241.15K | $293.25K | $165.37K | $447.31K | $48.32K | $78.74K | $218.47K | $320.81K | $12.43K | $12.43K | $12.29K | $69.65K | $- |
| Change in Working Capital | $520.89K | $1.69M | $2.43M | $-1.71M | $1.19M | $-2.74M | $4.06M | $-4.25M | $-2.10M | $-641.95K | $708.69K | $-664.61K | $1.16M | $-1.00M | $-53.37K | $437.50K | $1.10K | $-679.19K | $233.38K | $120.56K |
| Accounts Receivables | $-151.71K | $377.44K | $2.74M | $-1.88M | $241.65K | $-1.45M | $3.85M | $-2.84M | $-433.97K | $-973.77K | $1.11M | $-1.38M | $1.55M | $-991.09K | $-132.60K | $137.61K | $-129.29K | $-212.11K | $156.01K | $118.38K |
| Inventory | $- | $- | $- | $- | $-241.65K | $1.45M | $- | $-554.65K | $230.94K | $- | $- | $- | $- | $- | $- | $-14.09K | $-14.09K | $14.09K | $- | $- |
| Accounts Payables | $672.60K | $1.31M | $-309.42K | $161.61K | $945.64K | $-1.29M | $217.10K | $-1.40M | $-1.67M | $406.08K | $-478.18K | $773.58K | $-450.23K | $116.80K | $-49.17K | $301.14K | $147.17K | $-402.64K | $-3.04K | $-18.30K |
| Other Working Capital | $- | $- | $- | $- | $241.65K | $-1.45M | $- | $554.65K | $-230.94K | $-74.25K | $74.25K | $-60.77K | $60.77K | $-128.39K | $128.39K | $-1.24K | $-16.78K | $-64.44K | $80.42K | $20.48K |
| Other Non Cash Items | $-1.33M | $42.47M | $560.01K | $2.95M | $2.19M | $1.46M | $1.14M | $2.40M | $900.00K | $185.88K | $-114.65K | $-300.99K | $-122.72K | $244.70K | $-35.91K | $-170.01K | $-27.70K | $28.80K | $-33.19K | $-18.95K |
| Net Cash Provided by Operating Activities | $-16.35K | $238.90K | $851.79K | $3.75M | $-346.62K | $-2.73M | $115.81K | $523.78K | $-4.27M | $-4.24M | $-2.02M | $-1.60M | $-594.23K | $-1.32M | $-696.76K | $-386.44K | $-539.34K | $-506.25K | $-248.48K | $-401.78K |
| Investments in Property Plant and Equipment | $-270.64K | $-359.22K | $-77.75K | $-969.02K | $-308.75K | $-222.03K | $-916.78K | $-2.54M | $-1.55M | $-1.30M | $-93.22K | $-118.05K | $-214.30K | $-138.30K | $-42.51K | $-86.17K | $-81.96K | $-1.44K | $- | $-35.75K |
| Acquisitions Net | $- | $- | $- | $8.14K | $-30.81K | $528.88K | $-528.88K | $-1.13M | $69.68K | $-33.97M | $-1.37M | $- | $-1.08M | $-2.68M | $-126.84K | $- | $- | $-229.51K | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $341.34K | $-88.07K | $-85.82K | $-66.28K | $-726.04K | $-528.88K | $67.74K | $-579.90K | $-1.07M | $28.65K | $- | $- | $- | $- | $- | $6 | $-229.51K | $16.46K | $- |
| Net Cash Used for Investing Activities | $-270.64K | $-17.89K | $-165.82K | $-960.87K | $-339.56K | $-419.19K | $-1.45M | $-3.60M | $-2.06M | $-36.35M | $-1.43M | $-118.05K | $-1.30M | $-2.82M | $-169.35K | $-86.17K | $-81.95K | $-230.96K | $16.46K | $-35.75K |
| Debt Repayment | $-813.24K | $-3.20M | $-1.46M | $-1.84M | $-1.38M | $- | $-309.13K | $1.17M | $1.35M | $34.73M | $-10.57K | $- | $-9.29K | $- | $-4.49K | $78.25K | $-1.42K | $107.05K | $- | $- |
| Common Stock Issued | $3.14M | $- | $-13.00K | $- | $- | $5.20M | $- | $2.70M | $101.25K | $452.44K | $12.10M | $460.29K | $8.21M | $863.14K | $89.50K | $5.79M | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-187.77K | $3.08M | $41.46K | $-13.00K | $- | $-2.14M | $-1.14M | $905.30K | $101.25K | $291.31K | $-1.10M | $460.29K | $-339.36K | $863.14K | $89.50K | $-299.84K | $4.25K | $23.58K | $- | $- |
| Net Cash Used Provided by Financing Activities | $2.13M | $-113.52K | $-1.43M | $-1.85M | $-1.38M | $3.06M | $-1.44M | $4.78M | $1.45M | $35.02M | $11.15M | $460.29K | $7.86M | $863.14K | $85.01K | $5.56M | $2.83K | $1.44M | $- | $- |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $1.85M | $107.49K | $-747.72K | $938.44K | $-2.07M | $-85.68K | $-2.77M | $1.70M | $-4.87M | $-5.56M | $7.70M | $-1.26M | $5.97M | $-3.27M | $-781.11K | $5.09M | $-618.46K | $698.60K | $-232.02K | $-437.53K |
| Cash at End of Period | $3.04M | $1.19M | $1.09M | $1.83M | $895.68K | $2.96M | $3.05M | $5.82M | $4.13M | $9.00M | $14.57M | $6.87M | $8.13M | $2.16M | $5.44M | $6.22M | $1.13M | $1.74M | $1.05M | $1.28M |
| Cash at Beginning of Period | $1.19M | $1.09M | $1.83M | $895.68K | $2.96M | $3.05M | $5.82M | $4.13M | $9.00M | $14.57M | $6.87M | $8.13M | $2.16M | $5.44M | $6.22M | $1.13M | $1.74M | $1.05M | $1.28M | $1.72M |
| Operating Cash Flow | $-16.35K | $238.90K | $851.79K | $3.75M | $-346.62K | $-2.73M | $115.81K | $523.78K | $-4.27M | $-4.24M | $-2.02M | $-1.60M | $-594.23K | $-1.32M | $-696.76K | $-386.44K | $-539.34K | $-506.25K | $-248.48K | $-401.78K |
| Capital Expenditure | $-270.64K | $-359.22K | $-274.73K | $-969.02K | $-308.75K | $-222.03K | $-916.78K | $-2.54M | $-1.55M | $-1.30M | $-93.22K | $-118.05K | $-214.30K | $-138.30K | $-42.51K | $-86.17K | $-81.96K | $-1.44K | $- | $-35.75K |
| Free Cash Flow | $-286.99K | $334.95K | $577.07K | $2.78M | $-655.37K | $-2.95M | $-800.97K | $-2.02M | $-5.82M | $-5.54M | $-2.11M | $-1.72M | $-808.52K | $-1.46M | $-739.27K | $-472.61K | $-621.30K | $-507.70K | $-248.48K | $-437.53K |
Deveron Dividends
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Deveron News
Read the latest news about Deveron, including recent articles, headlines, and updates.
Deveron Reports Fiscal Q2/2025 Financial Results
Toronto, Ontario--(Newsfile Corp. - February 28, 2025) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased to report results for the three- and six- months ended December 31st, 2024. Full financial results are available at www.sedarplus.ca.
Deveron Reports Audited Annual Results for Year Ended June 2024 And Quarter Ended September 2024
Toronto, Ontario--(Newsfile Corp. - February 18, 2025) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), an agriculture service and data company in North America, is pleased to announce that, further to its press release of November 4, 2024, the Company has filed its audited consolidated financial statements for the year ended June 30, 2024, the annual management's discussion and analysis for the same period and management certifications of the annual filings, and its interim financial statements for the interim periods ended September 30, 2024, the related management's discussion and analysis for the same period and management certifications of the interim filings with the applicable reporting jurisdictions. Because the company has been subjected to a cease trade order for greater than 120 days, the Company's continuous disclosure is subject to review by the Ontario Securities Commission (the "OSC").
Deveron Announces Receipt of Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - November 4, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), announces that, further to its press release of October 18, 2024, the Ontario Securities Commission (the "OSC") has issued a failure to file cease trade order against the Company in respect of the Company's securities under Multilateral Instrument 11-103 Failure-to-File Cease Trade Orders in Multiple Jurisdictions (the "CTO"). The CTO was issued as a result of the Company's failure to file its audited consolidated financial statements for the year ended June 30, 2024, annual management's discussion and analysis for the same period and management certifications of annual filings (collectively, the "Annual Filings") before the October 28, 2024, filing deadline.
Deveron Announces Expected Delay in Completing Annual Filings and Update on Annual and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - October 18, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), announces that the Ontario Securities Commission (the "OSC") has denied the Company's application for a voluntary management cease trade order (the "MCTO") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") as the Company does not meet the criteria for an MCTO. The Company filed the application for a voluntary MCTO with the OSC due to an anticipated delay in filing its audited annual financial statements (the "Financial Statements"), the related management discussion & analysis for the financial year ended June 30, 2024, and the CEO and CFO certificates, all as required by National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") and National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the "Annual Filings").
Deveron Announces Closing of Debt Settlement
Toronto, Ontario--(Newsfile Corp. - October 4, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased to announce that further to its press releases of August 15, 2024 and September 16, 2024, the Company has settled an outstanding promissory note (the "Note") in the amount of $400,000 through the issuance of 5,714,285 Units (the "Debt Settlement"), with each Unit being comprised of one common share (each, a "Common Share") and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.10 per Common Share until the date that is eighteen (18) months from the date of issuance.
Deveron Announces Filing of Management Information Circular
Toronto, Ontario--(Newsfile Corp. - October 1, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), announces that in connection with its upcoming annual and special meeting (the "Meeting") of the shareholders of the Company to be held on October 25, 2024, the management information circular (the "Circular") and related materials have been filed on the Company's profile on SEDAR+. At the Meeting, the Company will ask for shareholders to vote for a proposal to consolidate its common shares on the basis of up to five (5) issued common shares for one (1) new common share (the "Consolidation").
Deveron Announces Changes in Board of Directors
Toronto, Ontario--(Newsfile Corp. - September 19, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, announces that further it its press release of August 15, 2024, the Company has satisfied the conditions precedent (the "Conditions Precedent") to the settlement agreement (the "Settlement Agreement") dated August 14, 2024, between the Company and certain parties (the "Settlement Parties"). In accordance with the Settlement Agreement, each of Bill Linton, Chris Irwin, Joelle Faulkner and Tim Close have resigned as directors of the Company.
Deveron Announces Closing of Final Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - September 16, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased to announce that further to its press releases of August 15, 2024 and September 4, 2024, the Company has completed the final tranche of its non-brokered private placement through the issuance of 21,991,300 units (the "Units") in the capital of the Company at a price of $0.07 per Unit for gross proceeds of $1,539,391 (the "Offering"). In total, an aggregate of 44,797,291 Units were issued for gross proceeds of $3,135,810.37 through the completion of the two tranches of the Offering.
Deveron Announces Closing of First Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - September 4, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased to announce that further to its press releases of August 15, 2024, the Company has completed the first tranche of its non-brokered private placement through the issuance of 22,805,991 units (the "Units") in the capital of the Company at a price of $0.07 per Unit for gross proceeds of $1,596,419.37 (the "Offering"). Each Unit is comprised of one common share (each, a "Common Share") in the capital of the Company and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant").
Deveron Announces Settlement Agreement and Private Placement
Toronto, Ontario--(Newsfile Corp. - August 15, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased to announce that it has reached an agreement (the "Settlement Agreement") with the principal of 2736130 Ontario Inc. ("2736"), Greg Patterson, which had sent a shareholder meeting requisition (the "Requisition") to the Company as previously announced on June 24, 2024, and certain directors and shareholders of the Company (together, the "Settlement Parties"). Pursuant to the Settlement Agreement, the Company intends to complete a non-brokered private placement offering ("Private Placement") for units of the Company ("Units") at an offering price of at least $0.07 per Unit for net proceeds of up to CAD$3,000,000 (with the ability to upsize an additional $400,000 upon the conversion of certain promissory notes of the Company).
Deveron Announces Receipt of Notice of Requisition for an Annual and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - June 24, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, announces, that a notice of requisition of an annual and special meeting of shareholders (the "Requisition") was delivered to the registered office of the Company on June 21, 2024. The Requisition has been made by 2736130 Ontario Inc., a corporation controlled by Greg Patterson, a director of the Company, which requires that the Company call and hold a meeting of shareholders, pursuant to section 105(1) of the Business Corporations Act (Ontario) (the "Act").
Deveron Announces Completion of Debt Settlement
Toronto, Ontario--(Newsfile Corp. - June 21, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased announce that, further to its press releases of May 10th, 2022, May 18th, 2022 and May 28, 2024, it has settled an aggregate of $701,050 of indebtedness owed to the holders of the 7.0% unsecured convertible debentures (each, a "Debenture"), representing the accrued interest for the second year of the Debentures (the "Debt Settlement"). In connection with the Debt Settlement, the Company issued an aggregate of 6,146,341 common shares (each, a "Common Share") in the capital of the Company, at a price of $0.11406 per Common Share.
Deveron Reports Fiscal Q3/2024 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 28, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased to report results for the three and nine months ended March 31st, 2024. Full financial results are available at www.sedarplus.ca.
Deveron Announces Receipt of Demand Letter with Respect to Unsecured Loans Totaling $4,726,600
Toronto, Ontario--(Newsfile Corp. - May 27, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, announced today that it has received a letter (the "Demand Letter") from two unsecured creditors demanding repayment of the unsecured loans evidenced by promissory notes dated May 20, 2022 (collectively, the "Loans") issued by Deveron in connection with the acquisition of a 67% interest in A&L Laboratories Canada East, Inc. ("A&L") no later than May 30, 2024. The loans have aggregate principal amounts of $4,726,600, with accrued interest at maturity amounting to $400,949.
Deveron Announces Dates for Q3 2024 Earnings Release
Toronto, Ontario--(Newsfile Corp. - May 23, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, is pleased to announce that the Company's Q3 financial results will be released after market close on Tuesday May 28th, 2024. At that time, the financial results and related documents will be posted on SEDAR Plus and Deveron's financials web page at https://deveron.com/financials.
Deveron Announces Closing of Private Placement of Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - April 25, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, is pleased to announce the closing of an insider led, non-brokered private placement through the issuance of 575 unsecured convertible debentures (each, a "Debenture") at a price of $1,000 per Debenture for gross proceeds of $575,000 (the "Offering"). The Company intends to use the net proceeds from the Offering for general working capital.
Deveron Reports Fiscal Q2/2024 Financial Results
Toronto, Ontario--(Newsfile Corp. - February 21, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased to report results for the three- and six- months ended December 31st, 2023. Full financial results are available at www.sedarplus.ca.
Deveron Announces Dates for Q2 2024 Earnings Release
Toronto, Ontario--(Newsfile Corp. - February 14, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, is pleased to announce that the Company's Q2 financial results will be released after market close on Wednesday, February 21st, 2024. At that time, the financial results and related documents will be posted on SEDAR Plus and Deveron's financials web page at https://deveron.com/financials.
Deveron Passes 2-Stage Pilot and Onboards New PFAS Enterprise Customer
Toronto, Ontario--(Newsfile Corp. - February 7, 2024) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agricultural data company in North America, is pleased to announce the onboarding of a new enterprise contract with a prominent player in Per- and Polyfluoroalkyl Substances ("PFAS") remediation in water. PFAS are synthetic chemicals that have garnered significant attention due to their widespread use and potential environmental and health concerns.
Deveron Announces Option Grant
Toronto, Ontario--(Newsfile Corp. - December 29, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture data company in North America, is pleased to announce it has granted an aggregate of 2,500,000 stock options (the "Options") to purchase common shares (the "Common Shares") of the Company exercisable at a price of $0.185 per Common Share and expiring on December 23, 2028, to employees of the Company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.
Deveron Announces Implementation of Cost Optimization Program
Toronto, Ontario--(Newsfile Corp. - December 6, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture data company in North America, announces that the Company has implemented another phase of its cost optimization program. In a continued effort to prioritize profitable fertility related field services execution and focus, Deveron has implemented $1.5 M in cost savings mainly through the reduction of field staff and ancillary support costs within the Company's carbon business unit.
Deveron Reports Fiscal Q1/2024 Financial Results and Improvement to Cost Structure
Toronto, Ontario--(Newsfile Corp. - November 21, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture services and data company in North America, is pleased to report results for the three months ended September 30th, 2023. Revenue grew to $7,718,602 in Q1/2024 from $7,189,494 in the similar period.
Deveron Announces Dates for Q1 2024 Earnings Release
Toronto, Ontario--(Newsfile Corp. - November 17, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, is pleased to announce that the Company's Q1 financial results will be released after market close on Tuesday, November 21st, 2023. At that time, the financial results and related documents will be posted on SEDAR and Deveron's financials web page at https://deveron.com/financials.
Deveron Corp Announces the Launch of PFAS Testing Service
Toronto, Ontario--(Newsfile Corp. - November 1, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, is pleased to announce that A&L Canada Laboratories Inc., a subsidiary of Deveron Corp., has launched a new testing service analyzing Per- and Polyfluoroalkyl Substances ("PFAS") in soil, water, compost and other matrices. PFAS are a group of synthetic chemicals that have gained significant attention due to their widespread use and potential environmental and health concerns.
Deveron Reports Results for Transition Quarter Ended June 30th
Toronto, Ontario--(Newsfile Corp. - October 26, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, is pleased to announce its financial results for quarter ended June 30th, 2023, and the audited results for the financial period ended June 30th, 2023. As per Deveron's press release of September 7th, 2023, the Company has changed its fiscal year-end to June 30th, aligning more logically with the North American agriculture season.
Deveron Announces Dates for Q4 2023 Earnings Release
Toronto, Ontario--(Newsfile Corp. - October 17, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, is pleased to announce that the Company's Q4 and fiscal year 2023 audited financial results will be released after market close on Thursday, October 26th, 2023. At that time, the financial results and related documents will be posted on SEDAR and Deveron's financials web page at https://deveron.com/financials.
Deveron Places No, 30th on The Globe and Mail's Fifth-Annual Ranking of Canada's Top Growing Companies
Toronto, Ontario--(Newsfile Corp. - September 29, 2023) - Deveron Corp. (TSXV: FARM) is pleased to announce it placed No. 30th on the 2023 Report on Business ranking of Canada's Top Growing Companies.
Deveron Announces Private Placement of Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - September 25, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, announced today a non-brokered private placement of $2 million in unsecured convertible debentures (each, a "Debenture") at a price of $1,000 per Debenture (the "Offering"), as further detailed below. The Company intends to use the net proceeds from the Offering to refinance the Company's outstanding promissory note and for general working capital.
Deveron Announces Appointment of CFO
Toronto, Ontario--(Newsfile Corp. - September 11, 2023) - Deveron Corp. (TSXV: FARM) ("Deveron" or the "Company"), a leading agriculture service and data company in North America, today announced, that Carmelo Marrelli has resigned as Chief Financial Officer ("CFO") of Deveron Corp, effective immediately. In addition, the Company is pleased to announce the appointment of Akshay Shirodker, as CFO of Deveron Corp. Akshay is a seasoned finance executive with proven ability to drive financial excellence and operational efficiency.
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