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DRO - DRONESHIELD LIMITED


nipper
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  • 2 weeks later...

energetic buying at the open for DRO, after release of the Q.

The Company raised $9,550,000 in new capital, from a substantially institutional investor base, transforming, expanding and further institutionalising its share register, market capitalisation and market liquidity, and securing its capital base for a long-term runway.

 

While the Companyâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s cash inflows from customers were $333,779 for the quarter, the Company ended the quarter with approximately $3,000,000 worth of orders that have been placed by the Companyâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s customers and for which payments are expected to be made in the subsequent quarters

 

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Approx. $200,000 of the cash inflows during the quarter related to a new order placed by the Ministry of Defence of a large Middle Eastern country for which drone defence has recently become a critical national security issue.

 

The Australian Department of Defence placed the first substantial order with DroneShields' recently released RfPatrolTM product, in the amount of $700,000.

 

DroneShield entered into a watershed partnership with BT, the largest telecommunications provider in the UK, which is rolling out a suite of counterdrone services nationwide in the UK, with DroneShield as its sole counterdrone provider.

 

The Company continued to progress multiple substantial contracts globally, with a keypotential bid for an order in the amount of $60 million - $70 million having progressed from the preferred bidder status to a negotiated form of agreemen

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  • 6 months later...

DRO is back ... big lift today (some 60% lift but only to 17c) after ts DroneGun TacticalTM product was selected as the preferred solution by the European Union police forces.

 

The process was run by Belgium Police, with an EU-wide framework. Sales, training and local support will be managed by DroneShield’s Benelux region partner ForcePro BV
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  • 1 year later...

The covertness of drones has raised many ethical and security questions.

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Droneshield aims to protect the interests of governments by offering technology solutions to protect against drone intrusion. The company experienced rapid revenue growth in the last financial year and has commenced 2022 with a string of contract wins across military services including some related to the Ukraine conflict. It also sells drones to local law enforcement agencies.

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It has also won its first client following its admission to the US General Service Aviation list of preferred suppliers, a pipeline the company hopes yields more results. Droneshield expects to benefit from, and is positioned for, an increased demand for drone defence over the coming years.

.................. SP has not really reacted yet.

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  • 2 months later...

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