DroneShield Limited (AU:DRO) has released an update.
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DroneShield Limited reports a record-breaking first half of 2024, with revenues soaring to $24.1 million, a 110% increase from the previous year, and a doubling of its sales pipeline to $1.1 billion. The company, which specializes in counter-drone technology, also highlights strong SaaS growth and expansion of its Sydney facility to boost manufacturing capacity. With a cash balance of $146 million and no debt, DroneShield is gearing up for a robust sales forecast and further technological advancements.
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