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DroneShield Limited
(Sydney:DRO)
DroneShield Limited (DRO) vs. iShares MSCI Australia ETF (EWA)
DroneShield Limited Business Overview & Revenue Model
DroneShield Limited Earnings Call Summary
DroneShield Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.78M | 57.53M | 54.09M | 16.81M | 10.47M | 5.03M |
| Gross Profit | 72.08M | 41.24M | 38.95M | 11.83M | 7.62M | 3.20M |
| EBITDA | 5.03M | -2.71M | 2.56M | -1.94M | -5.88M | -6.09M |
| Net Income | 5.61M | -1.32M | 9.33M | -949.30K | -5.31M | -5.87M |
Balance Sheet | ||||||
| Total Assets | 353.48M | 355.88M | 97.05M | 25.21M | 18.34M | 23.13M |
| Cash, Cash Equivalents and Short-Term Investments | 202.73M | 219.49M | 56.77M | 10.22M | 9.49M | 16.29M |
| Total Debt | 9.15M | 9.11M | 2.63M | 596.10K | 248.37K | 476.56K |
| Total Liabilities | 38.99M | 44.29M | 22.54M | 6.21M | 2.76M | 3.54M |
| Stockholders Equity | 314.49M | 311.59M | 74.51M | 19.00M | 15.58M | 19.59M |
Cash Flow | ||||||
| Free Cash Flow | -47.26M | -64.40M | 7.75M | -2.58M | -6.74M | -5.42M |
| Operating Cash Flow | -37.21M | -58.04M | 9.48M | -1.75M | -6.27M | -4.65M |
| Investing Cash Flow | -50.20M | -165.26M | -1.95M | -832.17K | -467.45K | -772.16K |
| Financing Cash Flow | 114.88M | 231.89M | 39.11M | 3.06M | -122.03K | 16.30M |
DroneShield Limited Technical Analysis
DroneShield Limited Peers Comparison
DroneShield Limited Corporate Events
DroneShield Limited has acknowledged a recent share price movement following the lodgement of change of directors’ interest notices, which are unrelated to the company’s strong growth trajectory. The company reported record quarterly revenue growth and positive operating cash flow, with directors retaining stakes through vested options, demonstrating their commitment to the company’s success.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has addressed inquiries from the ASX regarding recent trading activities in its securities, confirming that there is no undisclosed information that could explain the trading. The company attributes the trading activity to the disposal of shares by certain directors, as disclosed in a recent Appendix 3Ys filing. DroneShield asserts its compliance with ASX Listing Rules and confirms that its responses have been authorized by its board in line with its continuous disclosure policy.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a significant change in the interests of its director, Peter James, who has disposed of 3,685,345 fully paid ordinary shares through an on-market trade, valued at $12,353,587. This transaction leaves him with 250,000 unlisted and vested performance options, indicating a strategic adjustment in his investment while maintaining a vested interest in the company. The change reflects a notable shift in the director’s holdings, potentially impacting stakeholders’ perceptions of the company’s future prospects.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited announced a significant change in the director’s interest, with Director Oleg Vornik disposing of 14,806,833 fully paid ordinary shares through an on-market trade, valued at approximately $49.47 million. Despite this disposal, Vornik retains a substantial amount of vested and unvested equity in the company, indicating continued involvement and potential influence in its strategic direction.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited announced a change in the director’s interest, with Director Jethro Marks disposing of 1,460,000 fully paid ordinary shares through an on-market trade valued at $4,892,545. Despite this significant transaction, Marks retains vested equity in the company, holding 40,000 unlisted and vested performance options. This move may impact the company’s stock dynamics and investor perceptions, highlighting the director’s strategic financial decisions.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited announced the withdrawal of a previous announcement regarding $7.6 million in contracts for handheld systems to the U.S. Government, clarifying that these were not new orders but reissued due to regulatory updates. The error was administrative, and the company is implementing measures to prevent future occurrences, which highlights the importance of accurate contract reporting and its impact on stakeholder trust.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a significant $7.6 million order for handheld counter-drone systems from the U.S. Government, marking a continued increase in customer order flow. This order, part of a series of repeat contracts, underscores DroneShield’s position as a trusted provider in addressing drone threats. The company is experiencing substantial growth, with a notable increase in the number and size of orders compared to previous years. Operational expansions are underway, including new assembly plants in Europe and the US, as DroneShield aims to scale its production capacity significantly by 2026.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a change in the director’s interest, specifically involving Peter James. The change includes the acquisition of 2,750,000 fully paid ordinary shares and the disposal of an equal number of performance options, with no cash consideration involved. This adjustment in securities reflects a strategic move in the company’s governance, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a change in the director’s interest, with Oleg Vornik acquiring 14,806,833 fully paid ordinary shares through the exercise of vested performance options. This change reflects the company’s achievement of a significant milestone, reaching $200 million in cash receipts within a 12-month period, which underscores its robust financial performance and strategic growth in the industry.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a change in the director’s interest, with Jethro Marks acquiring 1,460,000 fully paid ordinary shares following the exercise of vested performance options. This change was prompted by the company achieving a significant milestone of $200 million in cash receipts within a 12-month period, reflecting positively on its operational success and potentially enhancing its market position.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced the issuance of 31,161,833 fully paid ordinary shares without disclosure to investors under Part 6D.2 of the Corporations Act. The company has confirmed compliance with relevant provisions of the Corporations Act and stated that there is no excluded information as per sections 708A(7) and 708A(8). This move is part of DroneShield’s ongoing efforts to strengthen its market position and operational capabilities.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced the application for quotation of 31,161,833 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategic efforts to enhance its market presence and operational capabilities, potentially impacting its positioning within the defense and security industry by expanding its financial resources.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced the vesting of 44,455,000 Performance Options following the achievement of a $200 million cash receipts milestone within a 12-month period, verified by their auditor. This milestone positions the company for another record year, and to maintain alignment with shareholders, new performance options will be issued with higher revenue or cash receipt targets of $300 million, $400 million, and $500 million. This incentive structure aims to attract talent and drive company growth while ensuring a focus on long-term strategic goals.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced the cessation of 150,000 securities due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This announcement could impact the company’s capital structure and investor perception, as it reflects on the company’s ability to meet certain operational or financial conditions tied to these securities.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has secured a $25.3 million contract from a reseller in Latin America, intended for a government defense end customer. This contract, expected to be fulfilled by Q1 2026, marks a significant increase in business from this region, where DroneShield has previously received orders totaling $2.9 million. The deal underscores DroneShield’s growing presence in the Latin American market, positioning it as a preferred provider of counter-UAS systems amid rising demand for drone defense solutions.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$4.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited announced it will host an investor call to discuss its 3Q25 Quarterly Release. The call, scheduled for October 22, 2025, will feature presentations by the company’s CEO, CFO, and Chief Product Officer. This event is part of DroneShield’s ongoing efforts to engage with investors and stakeholders, highlighting its strategic initiatives and financial performance.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has presented its third-quarter 2025 results, highlighting its strategic positioning in the burgeoning counter-drone market. With a total addressable market of $60 billion, the company is poised to capitalize on the growing demand for cost-effective and rapidly evolving drone defense solutions, especially in light of recent global security challenges and the increasing mainstream use of drones in conflicts.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited reported a record-breaking quarter for the period ending September 30, 2025, with significant growth in revenue and cash receipts. The company achieved an all-time high revenue of A$92.9 million, marking a 1,091% increase compared to the same quarter last year. This growth is attributed to the launch of new products, including the DroneSentry-C2 Enterprise SaaS and SentryCiv for the civilian sector. The company is also focusing on software as a service (SaaS) offerings, which are expected to play a critical role due to advancements in drone technology. DroneShield’s strategic initiatives, such as the opening of a new R&D facility in South Australia and a landmark AI software release, position the company for continued growth and expansion in both military and civilian markets.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has launched DroneSentry-C2 Enterprise (C2E), a new software platform aimed at providing strategic-level command and control for large-scale counter-drone operations. This platform allows for centralized management and integration across multiple sites, enhancing decision-making and security for military and critical infrastructure customers. The first deployment will occur on the Eastern NATO flank in Europe in early 2026. This launch marks a significant step in DroneShield’s expansion into SaaS-driven enterprise command, reflecting the increasing demand for comprehensive national-level counter-drone solutions.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced that its DroneSentry solution has been recognized by the UK’s National Protective Security Authority (NPSA), marking a significant endorsement of its quality and performance. This recognition comes at a crucial time of increasing drone incidents across Europe, highlighting the growing demand for effective counter-drone solutions. The DroneSentry system, which integrates an AI-enabled command-and-control engine, is available exclusively through BT in the UK and is expected to see material sales growth as the need for such technologies rises.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a significant software release that enhances its counter-drone capabilities, featuring new AI-driven disruption techniques, expanded detection databases, and improved interoperability with defense networks. This release, which includes the introduction of an emitter-based disruption engine and integration with the SAPIENT protocol, positions DroneShield as a leader in the counter-drone industry by providing faster, more accurate threat detection and response. The updates are expected to strengthen the company’s market position and offer defense and security customers enhanced protection against evolving drone threats.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a $13 million investment to establish a new research and development facility in Adelaide, South Australia. This expansion is part of the company’s strategy to enhance its engineering capabilities and support its growth in advanced RF electronics and electronic warfare. The new facility will create approximately 20 high-skilled engineering roles and is expected to be operational by March 2026. This move aligns with DroneShield’s broader expansion efforts, including increasing its annual production capacity and setting up manufacturing operations in Europe and the US, amid rising global demand for counter-drone solutions.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited announced the cessation of 300,000 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could influence investor perception regarding the company’s operational and strategic execution.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced surpassing 4,000 systems sold globally, with new contracts totaling $7.9 million for handheld systems to be delivered to the U.S. Department of Defense. This milestone underscores DroneShield’s position as a trusted provider in the counter-drone industry, reflecting sustained end-user confidence and the effectiveness of its solutions. The company reported a record revenue of $72.3 million for the first half of 2025, indicating rapidly rising demand for its products. DroneShield’s production capabilities are supported by a robust Australian supply chain, and the company plans to expand its manufacturing to the U.S. and Europe by 2026 to further boost sales in those regions.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited announced that it was not selected by the Australian Department of Defence as the Systems Integration Partner for Project LAND 156, a contract valued at $45.9 million. This decision, disclosed in response to an ASX inquiry, may impact DroneShield’s market positioning and investor perceptions, as the project represents a significant opportunity in the counter-drone sector.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a change in substantial holding, as State Street Corporation and its subsidiaries have ceased to be substantial holders as of August 29, 2025. This change in holding could impact DroneShield’s shareholder structure and influence within the market, potentially affecting its strategic decisions and stakeholder interests.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited’s recent earnings call painted a picture of strong financial performance and strategic positioning within the counter-drone market. The company reported record-breaking revenue growth and a significant expansion of its project pipeline, driven by increasing geopolitical threats and defense spending. Despite these positive developments, the company acknowledged challenges in keeping pace with technological advancements and navigating geopolitical and regulatory risks.
DroneShield Limited is a company specializing in the development, commercialization, and sales of counter-drone hardware and software technology, operating primarily in the security and defense sector.
DroneShield Limited announced that it was not selected as the Systems Integration Partner for the Australian Department of Defence’s LAND 156 project, a contract awarded to Leidos Australia. Despite this, DroneShield has previously secured contracts under the initial phase of the program and remains optimistic about future opportunities within the $1.3 billion project. The company continues to experience strong demand for its counterdrone technology, evidenced by record revenues and profits, and a significant sale to a European customer. DroneShield’s technology is actively used by Ukrainian forces and over 30 militaries and law enforcement agencies globally, highlighting its effectiveness in high-threat environments.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has reported a significant increase in its financial performance for the first half of 2025, with a 210% rise in revenue compared to the previous year, marking its highest revenue period to date. The company has also seen substantial growth in its project pipeline and workforce, positioning itself strongly for future expansion and continued investment in research and development to address evolving drone threats.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited reported record-breaking financial results for the first half of 2025, with a 210% increase in revenue to $72.3 million and a profit after tax of $2.1 million. The company is experiencing strong momentum into the second half of the year, driven by a significant contract and growing demand for its counterdrone solutions. DroneShield is expanding its production capacity and workforce to support its growth, with plans to scale manufacturing to $2.4 billion annually by 2026. The company’s strategic focus on AI-driven technology and global market expansion positions it for continued leadership in the counterdrone sector.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited reported a significant financial turnaround for the half-year ending June 30, 2025, with revenues surging by 210% to $72.3 million and a profit of $2.1 million, compared to a loss in the previous year. This financial improvement underscores the company’s strengthened market position and operational success, although no dividends were declared for the period.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
DroneShield Limited has announced a change in its substantial holding, as State Street Corporation and its subsidiaries have ceased to be substantial holders in the company. This change in ownership could impact DroneShield’s market positioning and stakeholder dynamics, potentially influencing its strategic direction and operational focus in the competitive defense and security sector.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.