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DroneShield Limited ( (AU:DRO) ) has shared an update.
DroneShield Limited has reported a robust start to 2025, achieving a record quarterly revenue of A$33.5 million, marking a 102% increase compared to the same period last year. The company’s strategic focus on software is evident with a 198% rise in SaaS revenue, contributing significantly to its goal of having over 50% of its revenue from software in five years. With a substantial project pipeline valued at A$2.34 billion and a strong cash balance of A$213.4 million, DroneShield is well-positioned for continued growth and expansion. The company has secured A$100.4 million in revenues year-to-date, surpassing its total revenue for 2024 in less than five months, indicating strong operational execution and market demand for its products.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
More about DroneShield Limited
DroneShield Limited operates in the defense technology industry, focusing on counter-drone solutions. The company provides advanced hardware and software systems designed to detect and neutralize unmanned aerial threats, with a strong emphasis on leveraging artificial intelligence for multi-mission capabilities.
Average Trading Volume: 12,078,082
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.05B
See more insights into DRO stock on TipRanks’ Stock Analysis page.