Deveron

Deveron

Providing data acquisition services and data analytics for North American farmers.

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Post IPO Convertible
Total Funding000k
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Financials

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Revenues, earnings & profits over time
CAD2018201920202021202220232024
Revenues0000000000000000000000000000
% growth140 %311 %40 %200 %236 %--
EBITDA0000000000000000000000000000
% EBITDA margin(252 %)(80 %)(55 %)(44 %)(1 %)-2 %
Profit0000000000000000000000000000
% profit margin(296 %)(94 %)(61 %)(60 %)(31 %)-(163 %)
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue-3 %-----

Source: Company filings or news article

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More about Deveron
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Deveron Corp., operating in the agricultural technology sector, provides data-driven insights to farmers and large agricultural enterprises across North America. The company was established in 2016. The business model is centered on collecting, analyzing, and interpreting agricultural data to help clients increase crop yields and reduce operational costs. Deveron's revenue streams are diversified, including data collection services, laboratory testing, and analytics subscriptions, which collectively support its platform business model.

The company's core offering involves a digital process that utilizes data gathered from farms to generate unbiased recommendations for optimizing the use of agricultural inputs such as fertilizer, seed, and fungicide. Deveron has built a substantial network of data technicians deployed across the United States and Canada to collect various forms of farm data, including soil samples and drone-captured imagery. This data forms the foundation for what the company describes as best-in-class data layers. The collected soil samples are analyzed at the company's own labs, providing clients with critical information on soil health and composition.

Significant milestones in Deveron's history include its initial public offering and listing on the Canadian Securities Exchange in 2017. The company has pursued an aggressive growth strategy through acquisitions, purchasing a portfolio of soil labs and agronomy companies to expand its service offerings and geographic footprint. This strategy has enabled Deveron to vertically integrate data collection and analysis, creating a comprehensive service for its target market of approximately one billion acres of actively farmed land in the US and Canada. The company's services are designed to address the entire crop cycle, from soil sampling and fertility management to in-season monitoring and yield analysis.

Keywords: agricultural technology, data analytics, precision agriculture, farm management, soil testing, crop consulting, agronomy services, digital farming, agricultural data, input optimization

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Investments by Deveron

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Farm Dog Technologies
ACQUISITION by FarmQA Nov 2024
Veritas Farm Management
ACQUISITION by Deveron Aug 2018
Better Harvest
ACQUISITION by Deveron May 2020