Drone Delivery Canada (TSE:FLT) has released an update.
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Volatus Aerospace Corp. has announced its third-quarter financial results, highlighting a significant 44% growth in service revenue and a maintained gross margin of 34% following a strategic merger with Drone Delivery Canada. The company also improved its financial standing with a $15 million financing deal led by institutional investors. Despite reporting a comprehensive loss due to one-time merger costs, the company remains optimistic about regaining equipment sales in the next quarter.
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