Drone Delivery Canada (TSE:FLT) has released an update.
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Drone Delivery Canada Corp. reported a significant decrease in Q1 2024 revenue by over 80%, attributed to a non-recurring contract, despite reducing operating losses by 30% and appointing experienced finance veteran Mike McKeon as new CFO. The company is focused on cost reduction and is leveraging its proprietary logistics software platform in the drone technology sector.
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