DevvStream Corp.

DevvStream Corp. Annual Report - Straight Talk for Investors
Your quick guide to their year, served plain and simple

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The Business Basics

DevvStream helps companies shrink their carbon footprint using tech tools like energy upgrades and methane capture. They make money three ways:

1. Selling carbon credits (like environmental "bonus points" for offsetting emissions)
2. Investing in green projects (solar farms, etc.) to secure future credits
3. Managing projects (e.g., installing EV chargers) for a share of credits

This Year’s Highlights:

• Client base grew 20% – solid traction in a competitive market
• Wrote off $1.2M in failed carbon credit deals (the company didn’t clarify why these fell through)
• Tech projects now outperform traditional methods (like tree planting) with:
  • ⚡ Faster deployment (months vs. years for forests)
  • 📈 Better scalability (tech can be replicated; land for trees can’t)
  • 💸 Lower costs = fatter profit margins
  • 🎯 Predictable results (no wildfire/drought surprises)

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Big Bets & New Risks

The Crypto Gamble:

• Took a $10M loan (part of a potential $300M deal) to buy Bitcoin/Solana for "sustainability tokenization" (digitally tracking green assets).
• 64% of the first $10M must go into crypto – a high-stakes move akin to betting your rent on volatile stocks.

Fresh Risks to Watch:

• 🔐 Custody Concerns: $6.4M in crypto is held with BitGo (insured up to $250M), but hacks or lost keys could wipe it out.
• 🤖 Tech Glitches: Experimental crypto tools might malfunction – like a vending machine swallowing your cash.
• 🌱 Unproven Returns: Bitcoin doesn’t pay interest, and Solana "staking" strategies are still experimental.

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2024 Outlook

• Crypto Make-or-Break: A crypto market rebound could turbocharge returns; a crash might torch $6.4M.
• Cash Lifeline: If the $300M loan deal fully materializes, growth could accelerate. If not, funds might dry up by mid-2025.
• Tech vs. Trees: Their tech-driven carbon projects remain a standout advantage in a crowded market.

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Key Takeaways for Investors

✅ Strengths:

• Growing client base (20% YoY)
• Tech projects are faster, cheaper, and more reliable than nature-based solutions
• Positioned in a hot sector (carbon credits market expected to grow)

⚠️ Risks:

• Crypto bets add volatility to what’s already a speculative industry
• Lack of transparency on failed deals ($1.2M write-off)
• Reliance on Helena’s $300M loan – if funding stalls, growth could stall too

🎯 Verdict:
A high-risk, high-reward play. Could double down if carbon markets surge and crypto rebounds. But the crypto debt adds serious fuel – and serious flammability. Best suited for investors who can stomach volatility and believe in the long-term fusion of blockchain + sustainability.

Bottom line: Not your grandma’s ESG stock. Think of it as a tech startup with a green twist – exciting potential, but pack a fire extinguisher.

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Report prepared for everyday investors – no jargon, just clarity. 🌱📊