Thoughts on DroneShield (DRO)?

Hi Sidney,

DroneShield (DRO) revealed that its  revenue is down 20% year-to-date to $31.1 million. However, management highlights that this doesn’t include orders already delivered and scheduled for the 4th quarter, worth an estimated $24.1 million in revenue. As a result, it estimates that its FY24 revenue currently stands at $55.2 million, with still further to runway before the close of the year. Also, DRO’s sales pipeline is encouraging sitting ~$1.1 billion.

• DRO initially fell almost 10% after its 3rd quarter update before recovering all of its losses into the close, an encouraging performance.
• We like the risk/reward towards DRO with stops under Friday mornings panic low at 85c, but we note this is an active trade, not an investment.

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DroneShield Ltd (DRO)

LAST UPDATED 25/10/2024 15:15

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DroneShield Ltd (DRO)

LAST UPDATED 25/10/2024 15:15