Drone Delivery Canada (OTC) (TSE:FLT) has released an update.
Drone Delivery Canada Corp. has announced a 50% increase in year-over-year revenue for 2023, reaching over $1.2 million, largely due to governmental contracts. The company also successfully decreased its net loss by 26% through reductions in operating expenses. With the development of the Canary drone completed and improvements in autopilot and detect-and-avoid systems underway, DDC is advancing its technological capabilities and operational efficiency.
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