Drone Delivery Canada Corp. (V:FLT)
Business Focus: Software (NEC)
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | 6221 Highway 7, Unit #6 VAUGHAN ON L4H 0K8 |
| Tel: | N/A |
| Website: | https://dronedeliverycanada.com |
| IR: | See website |
| Key People | ||
| Steve Magirias Chief Executive Officer, Director | Manish Arora Chief Financial Officer | |
| Business Overview |
| Drone Delivery Canada Corp. is a Canada-based drone technology company. The Company is focused on the designing, development and implementation of its proprietary logistics software platform, using drones. The Company's hardware/software platform is used as a managed service and software as a service business model for government and corporate organizations. It is scalable to operational capabilities 24 hours a day, 365 days a year. It provides a complete turnkey logistics solution, which includes a proprietary software system (FLYTE), hardware and professional services, allowing for an autonomous cargo delivery process from depot to depot. It is focused on servicing a range of vertical markets, including remote communities, Indigenous communities, courier services, retail, e-commerce, mining, oil and gas, healthcare and pharmaceuticals, government, military, shore-to-ship, and construction applications in Canada and potentially internationally. |
| Financial Overview |
| For the nine months ended 30 September 2023, Drone Delivery Canada Corp revenues increased 64% to C$967K. Net loss applicable to common stockholders decreased 33% to C$7.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Personnel Expenses decrease of 24% to C$3.5M (expense), Research and development decrease of 53% to C$694K (expense). |
| Employees: | 50 as of Mar 20, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $34.04M as of Sep 30, 2023 |
| Annual revenue (TTM): | $1.20M as of Sep 30, 2023 |
| EBITDA (TTM): | -$9.46M as of Sep 30, 2023 |
| Net annual income (TTM): | -$9.87M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$9.00M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 224,199,312 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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