Investor Relations

Bluedrop is committed to providing our investors with the most up-to-date information on our company’s growth. Bluedrop Performance Learning Inc. is listed on the TSX Venture Exchange (TSX-V: BPL). For Investor related questions, please contact:


Bluedrop Performance Learning’s (BPL) mandate is to grow its investments in the training and eLearning sectors, through both organic growth and through strategic acquisitions. It has completed two acquisitions over the last three years and has grown its revenues from less than $7 million in 2011 to over $21 million in 2015 compared to $15 million in 2014. 


Quarterly Reports

Reporting PeriodFinancial StatementsMD&A 
Q3 Financial Results for 2018-19
Q2 Financial Results for 2018-19
Q1 Financial Results for 2018-19
Q3 Financial Results for 2017-18
Q2 Financial Results for 2017-18
Q1 Financial Results for 2017-18
Q3 Financial Results for 2016-17
Q2 Financial Results for 2016-17
Q1 Financial Results for 2016-17
Q3 Financial Results for 2015-16
Q2 Financial Results for 2015-16
Q1 Financial Results for 2015-16
Q3 Financial Results for 2014-15
Q2 Financial Results for 2014-15
Q1 Financial Results for 2014-15
Q3 Financial Results for 2013-14
Q2 Financial Results for 2013-14
Q1 Financial Results for 2013-14
Q3 Financial Results for 2012-13
Q2 Financial Results for 2012-13
Q1 Financial Results for 2012-13

Annual Statements

Reporting PeriodFinancial StatementsMD&AAIF
Audited Financial Results Year End 2017-18
Audited Financial Results Year End 2016-17
Audited Financial Results Year End 2015-16
Audited Financial Results Year End 2014-15
Audited Financial Results Year End 2013-14
Audited Financial Results Year End 2012-13
Audited Financial Results Year End 2011-12

Sedar Filings

The SEDAR database contains documents that Bluedrop files with the Canadian securities regulatory authorities. View these documents.


Strategic Investments in eLearning and Training

Through its two major investments in eLearning and Training technology, Bluedrop (BPL) offers shareholders exposure to a common theme with massive secular growth drivers, namely workplace learning. However, our two divisions have very different risk/reward profiles, which we believe offers some downside protection against the risks inherent with high growth technology ventures. Our strategy is to grow both operations to be the leaders in their respective markets and to maximize shareholder value.

Organized To Maximize Flexibility and Value Creation

Bluedrop reorganized in 2014 to split its two operating divisions into separate legal entities. We believe this structure gives us the flexibility to create long term shareholder value by either funding each division individually or collectively. Additionally, we believe this structure should open more options for strategic value creation from potential acquirers and investors.

Bluedrop Training & Simulation is a leader is in providing training and simulation services and products to the Canadian Aerospace and Defence Sector. This division was bolstered through the acquisition of Atlantis Systems Inc. in late 2013. BTS has long term contracts with an extensive list of blue chip defence clients and generates an annualized revenue run rate of over $15 million. 

Bluedrop Learning Networks is a Software as a Service (SaaS) based provider of workforce systems solutions that tackle unemployment, worker safety and credential management for apprentices and skilled trades. Its clients include a variety of government and commercial customers. It is focused on rapidly building its recurring revenue streams by adding larger scale clients to multiyear programs. BLN’s technology platforms already serve over 250,000 users in over 100 countries across the globe.

Strong Predictable Backlog with SaaS Upside

Bluedrop believes it has a unique investment proposal for anyone in the emerging workforce systems marketplace. We offer exposure to a strong and predicable cash generating business in the defence training and simulation market. At the same time, our SaaS interested - based eLearning division has considerable upside potential as we continue to scale the operation into large enterprise accounts.

Corporate Responsibility

Corporate responsibility is a promise to our Bluedrop employees and the community that we will always be ethical in everything we do. It is integral to the sustainability and growth of our company, and it is focused on continually enhancing:

Corporate Governance

Our goal is to ensure our corporate governance structures, systems and practices always conform with the rules and guidelines established by the Canadian Securities Administrators. We have established an audit committee to monitor and measure our performance against these guidelines, and identify opportunities for enhancements.

Environmental Stewardship

Bluedrop’s business model is built on cloud-based computing, meaning minimal impact on our environment. Even so, we have adopted extensive policies and practices to reduce the carbon footprint of our offices. These efforts are not only helping to preserve our natural resources, they are effectively cutting our operating costs.

Community Investment

From the start, Bluedrop has been committed to making a difference, both in the communities where we live and work and internationally. We do this in many ways, from adopting families at Christmas to raising $20,000 for relief efforts following the 2010 earthquake in Haiti, always led by our employee-run True Blue committee.

Standards & Practices

Ensuring the quality of the products we deliver to our customers starts with maintaining a safe, supportive and progressive working environment for our staff. We have implemented ISO 9001 standards, industry recognized best practices and a quality system to manage our processes and activities.