Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Deveron UAS ( (TSE:FARM) ) just unveiled an update.
Deveron Corp. reported a decrease in revenue and adjusted EBITDA for the second quarter of fiscal 2025, attributed to softer sales in its Canadian fertility and specialty tissue products, macroeconomic challenges in the North American agricultural sector, and the company’s exit from its unprofitable carbon business. Operating expenses were reduced by 22% due to cost optimization and headcount reductions, reflecting the company’s efforts to streamline operations amidst challenging market conditions.
More about Deveron UAS
Deveron Corp. is a leading agriculture services and data company in North America. The company focuses on providing fertility and specialty tissue products, with a market emphasis on the North American agricultural industry.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$8.31M
Learn more about FARM stock on TipRanks’ Stock Analysis page.