Welcome to our dedicated page for DEVERON news (Ticker: $DVRNF), a resource for investors and traders seeking the latest updates and insights on DEVERON stock.
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Deveron Corp. reports positive financial results for the second quarter of 2024, with a 17% growth in Non-IFRS Adjusted EBITDA and a 1% increase in revenue. The company focused on profitability by deprioritizing unprofitable services, resulting in improved EBITDA margin. Deveron's strategic shift towards the fertility business unit led to cost savings and revenue growth, showcasing a promising outlook for future growth.
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Deveron Corp. (DVRNF) announces the release of its Q2 financial results on February 21st, 2024, with a live audio webcast scheduled for February 22nd, 2024. The financial results will be available on SEDAR Plus and Deveron's financials web page. Participants can join the webcast via the provided link or dial-in number. A transcript and audio replay will be accessible on Deveron's Investor website post-event.
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Deveron Corp. announces a new enterprise contract with a prominent player in PFAS remediation, marking a significant opportunity for the company to enter a new and growing market. The contract involves utilizing A&L Laboratories Canada for internal testing needs to assess the success of PFAS water removal technology. PFAS are synthetic chemicals with widespread use and potential environmental and health concerns, and Deveron sees this as a chance to become a leader in the market and support the community.
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Deveron Corp. (TSXV: FARM) Grants 2,500,000 Stock Options to Employees
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Deveron Corp. (TSXV: FARM) announces the implementation of a $1.5 million cost optimization program, resulting in $2,400,000 in annual run rate savings. The company has reduced field staff and ancillary support costs within its carbon business unit to prioritize profitable fertility-related field services execution and focus. Deveron's President and CEO, David MacMillan, stated that the cost adjustments have better aligned the company's network capacity with profitable service regions and its core fertility business, allowing for further opportunities to deliver increasing soil volumes to the labs and creating significant operating leverage for the business ahead.
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Deveron Corp. (FARM) reports revenue growth to $7,718,602 in Q1/2024 from $7,189,494 in the similar period. The company achieved 16% year-over-year gross profit growth and a 11% improvement in Non-IFRS EBITDA Loss. Soil fertility testing activity saw a strong 21% increase, contributing to the improvement in gross margin percentage to 65% from 60% in the similar period. Despite headwinds in ancillary business lines, the company remains optimistic about trends in its core fertility business.
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Deveron Corp. (TSXV: FARM) to release Q1 financial results on November 21st, 2023, followed by a live audio webcast on November 22nd, 2023, to discuss the highlights. The financial results and related documents will be available on SEDAR and Deveron's financials web page. A transcript and audio replay will be accessible on Deveron's Investor website. Questions limited to analysts.
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Deveron Corp. subsidiary A&L Canada Laboratories Inc. has launched a new testing service for analyzing Per- and Polyfluoroalkyl Substances (PFAS) in soil, water, compost, and other matrices. PFAS are synthetic chemicals with potential environmental and health concerns. Deveron aims to improve result turnaround times for customers while ensuring compliance with North American testing standards.
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Deveron Corp. announces financial results for Q2 2023, with revenue growing 72% to $8.9 million and adjusted EBITDA reaching $182,184. For the financial period ended June 30th, 2023, revenue grew 116% to $14.3 million.
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Deveron Corp. to release Q4 and fiscal year 2023 audited financial results
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DEVERON CORP
OTC:DVRNF
DVRNF Rankings
DVRNF Stock Data
15.64M
129.32M
17.74%
9.45%
Surveying and Mapping (except Geophysical) Services
Professional, Scientific, and Technical Services
United States of America
Toronto