(ASX:DRO) DroneShield Ltd is Australia’s hidden gold.
This article is an introduction to $DRONESHIELD LTD(DRO.AU)$.
DroneShield Ltd is an ASX listed company specialised in counter-drone defense. Its specialised products include the DroneGun series, which are handheld guns use to target offensive drones, and DroneSentry series, which provide vehicle mounted detection and countermeasure. Both technical lines are highly regarded by multiple government bodies in America, Europe and Oceania.
DroneShield offers versatile solutions and mission essential capabilities with Artificial Intelligence-based sensor fusion and signal processing. DroneShield is designed to be fully interoperatae to both government and commercial systems, as well as offering a stand-alone Command-and-Control solution.
In contributing to world security, DroneShield represents Australia to supply $10.4 million equipment to Ukraine. As of July 2023, DroneShield was awarded $33 million US contracts, setting a record order backlog of $62 million. It also receives a consecutive HIRE Vets Gold Medallion from the US Department of Labor.
Key Data:
- FY23 $73.5 million cash receipts, up 5x vs. FY22
- FY23 $55.1 million revenue, up 3x vs. FY22
- Cash balance of $57.9 million as of 31 Dec 2023, no debt or convertibles
- $30 million contracted backlog and pipeline of over $510 million (as of 28 Feb 2024)
- Largest geographical segment revenue contributions are US at 68% and Australia at 23%
- Positions the company for $300-400 million annual production capacity
- 115 team members including over 90 engineers.
DroneShield is a rapidly growing company. The stock market is just starting to recognise DroneShield's capabilities and rewards are flowing in. However, it deserves more recognition from the world stage for what it is doing. What are your thoughts?
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