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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Deveron
Deveron (FARM) investor relations material
Deveron has been delisted
Deveron Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary27 Feb, 2025
Executive summary
Revenue for Q2 2025 declined 22% year-over-year to $11.9M, with H1 2025 revenue down 17% to $19.1M, mainly due to softer sales in Canada and exit from the carbon business.
Adjusted EBITDA for Q2 2025 fell 39% to $3.4M, and H1 2025 Adjusted EBITDA dropped 31% to $3.1M, reflecting lower Canadian volumes and margin compression.
Net income for Q2 2025 was $0.2M, down 85% year-over-year; H1 2025 net loss improved to $(1.1)M from $(4.5)M in the prior year.
Financial highlights
Gross profit margin decreased to 68% in Q2 2025 from 74% a year ago, impacted by inflation and lower high-margin product volumes.
Operating expenses reduced by 22% to $7.24M, with 16% from cost optimization and headcount reductions.
Adjusted EBITDA margin declined to 28.7% from 36.8% year-over-year.
Weighted average shares outstanding increased to 210.5M in Q2 2025 from 156.4M in Q2 2024.
Outlook and guidance
Management expects volume pickups in Q3 2025 following cost adjustments and is reviewing strategic alternatives due to upcoming debt maturities.
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Frequently asked questions
Deveron Corp. is a Canadian-based agriculture technology company that provides data collection and analytics services for the agricultural industry in both Canada and the United States. Its services include soil sampling, drone data collection, fertility sampling, agronomic insights, and lab sciences, all aimed at helping farmers and agricultural enterprises improve crop yields, reduce costs, and make data-driven decisions. The company is headquartered in Toronto, Canada, and its shares are listed on the TSX.