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Delta Drone International Ltd (AU:RKT)
ASX:RKT
Australian Market

Delta Drone International Ltd (RKT) AI Stock Analysis

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AU:RKT

Delta Drone International Ltd

(Sydney:RKT)

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Neutral 52 (OpenAI - 5.2)
Rating:52Neutral
Price Target:
AU$0.03
â–²(65.00% Upside)
Action:ReiteratedDate:01/09/26
The score is held back primarily by weak fundamentals—persistent losses and ongoing negative free cash flow—despite manageable leverage. This is partially offset by strong technical momentum (price above key moving averages with positive MACD). Valuation is penalized due to a negative P/E and no dividend support.
Positive Factors
Revenue Growth
Sustained topline growth over multiple years indicates expanding commercial traction in enterprise drone services. Durable revenue expansion supports scale economics, improves prospects for margin recovery and reduces dependence on one-off project work as recurring services scale.
Strong Gross Margins
Consistently high gross margins reflect favorable unit economics and pricing power in data acquisition and aerial services. These margins provide a structural buffer to absorb SG&A and R&D while enabling a clearer path to operating leverage as revenue grows.
Market Position in Drone Services
Focused exposure to commercial drone inspection, surveying and mapping aligns with structural industry adoption by enterprises. Specialized service capabilities create higher switching costs and recurring project pipelines, supporting sustainable revenue opportunities over time.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow forces reliance on equity or debt financing to fund operations and growth. Over months this constrains capital allocation, limits ability to invest in product development or scale teams, and raises dilution or refinancing risk if losses continue.
Ongoing Operating Losses
Continued negative EBIT and net margins demonstrate the cost base still exceeds current scale. Without sustained margin improvement or faster revenue scale, profitability remains distant, limiting retained earnings accumulation and reducing resilience to competitive pressure.
Rising Debt Trend and Negative ROE
Although leverage is moderate today, an upward debt trend paired with deep negative ROE increases financial risk if losses persist. Higher debt servicing or tighter funding conditions would constrain strategic options and could force cost cuts or equity raises, diluting long-term returns.

Delta Drone International Ltd (RKT) vs. iShares MSCI Australia ETF (EWA)

Delta Drone International Ltd Business Overview & Revenue Model

Company DescriptionRocketDNA Ltd. engages in the provision of drone-based geo-data and automation solutions for the mining, agriculture, and critical asset industries in Australia and South Africa. The company offers contract aerial surveying and mapping; surveillance and reconnaissance; mining pit conformance, optimization, and de-risking; blast monitoring and fragment analysis; and video, photographic, and thermal inspection services. It also provides drone related training and consulting services, as well as drone hardware for drone program operating customers. The company was formerly known as Delta Drone International Limited and changed its name to RocketDNA Ltd. in May 2023. RocketDNA Ltd. was incorporated in 2017 and is based in Osborne Park, Australia. RocketDNA Ltd. operates as a subsidiary of Delta Drone SA.
How the Company Makes Moneynull

Delta Drone International Ltd Financial Statement Overview

Summary
Revenue is growing and gross margin remains solid (~49–53%), but the company is still loss-making (2024 EBIT margin ~-21%, net margin ~-27%). Cash generation is a major constraint with consistently negative free cash flow (about -A$1.7m in 2024) and no operating cash flow reported, despite a balance sheet with manageable leverage (debt-to-equity ~0.22).
Income Statement
32
Negative
Revenue has been growing (2022–2024: ~A$5.7m to ~A$7.2m), and gross margin is consistently solid around ~49–53%, suggesting decent pricing power/unit economics. However, profitability remains weak: operating losses persist each year (2024 EBIT margin about -21%) and net losses continue (2024 net margin about -27%), indicating the cost base is still too high relative to scale despite some improvement versus 2021’s much deeper loss level.
Balance Sheet
58
Neutral
Leverage looks manageable with low debt relative to equity (debt-to-equity ~0.22 in 2024), which reduces near-term balance-sheet stress. Total equity remains sizable, but repeated losses are reflected in negative returns on equity (roughly -31% in 2024), and debt has trended up since 2022, which could become a concern if losses and cash burn persist.
Cash Flow
18
Very Negative
Cash generation is a clear weakness: operating cash flow is reported as zero across all years provided, while free cash flow is consistently negative (about -A$1.7m in 2024). Although free cash outflow has narrowed versus prior years, ongoing negative free cash flow implies continued reliance on external funding or balance-sheet resources to sustain operations and growth.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue7.09M7.24M6.14M5.73M4.58M
Gross Profit2.94M3.64M3.13M2.80M2.43M
EBITDA-1.47M-1.03M-1.43M-1.98M-1.63M
Net Income-2.32M-1.92M-1.77M-1.92M-3.62M
Balance Sheet
Total Assets8.10M8.35M6.81M6.97M10.28M
Cash, Cash Equivalents and Short-Term Investments1.74M3.45M2.38M2.31M989.78K
Total Debt1.70M1.34M1.17M380.78K733.04K
Total Liabilities3.12M2.50M2.18M1.32M3.55M
Stockholders Equity5.26M6.18M4.92M5.59M8.04M
Cash Flow
Free Cash Flow-2.80M-1.73M-1.90M-2.34M-2.43M
Operating Cash Flow-1.05M0.000.000.000.00
Investing Cash Flow-1.99M-1.16M-56.51K3.25M-498.27K
Financing Cash Flow3.23M2.72M1.12M-355.46K-165.27K

Delta Drone International Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
52
Neutral
AU$27.20M-1.97-40.51%―――
50
Neutral
AU$16.42M0.9226.81%―-21.60%-657.00%
48
Neutral
AU$9.29M-13.48-119.80%―106.54%74.33%
46
Neutral
AU$11.77M-16.86-2.67%―24.43%40.63%
43
Neutral
AU$6.44M-3.48-658.94%―13.07%68.60%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RKT
Delta Drone International Ltd
0.02
0.01
91.67%
AU:1CG
UUV Aquabotix Ltd.
0.01
0.00
0.00%
AU:BCC
Beam Communications Holdings Limited
0.19
0.10
118.39%
AU:WHK
WhiteHawk Ltd.
0.01
-0.02
-66.67%
AU:REM
RemSense Technologies Ltd.
0.05
>-0.01
-6.00%

Delta Drone International Ltd Corporate Events

RocketDNA launches Skylink OS with Tier-1 miner to scale autonomous drone operations
Mar 11, 2026

RocketDNA Ltd has launched its proprietary Skylink operating system platform into an initial live testing phase with an existing Tier-1 global mining customer, marking a key step in scaling its remote drone operations. The Skylink OS provides a centralised mission request and management interface that allows enterprise users to draw mission areas, set priorities, and track real-time status, enabling on-demand or scheduled autonomous drone flights for consistent data delivery.

The platform is designed to improve operational transparency and efficiency for large enterprise deployments, while also integrating with RocketDNA’s SiteTube product to offer an end-to-end workflow from data request to visualisation. RocketDNA expects Skylink to evolve through staged upgrades toward deeper automation, broader third-party integrations, and multi-site, one-to-many drone operations, positioning the company to enhance service levels and refine the product in collaboration with Tier-1 customers ahead of a wider commercial rollout.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Files Updated Corporate Governance Statement with ASX
Feb 25, 2026

RocketDNA Limited is an ASX-listed company that has lodged its corporate governance documentation for the financial year ended 31 December 2025. The company operates under the ASX Corporate Governance Council’s Principles and Recommendations, with governance materials made available through its website to inform shareholders and market participants about its board and management frameworks.

RocketDNA has confirmed that its corporate governance statement is current as of 25 February 2026 and has been approved by the board, including Chairman David Morton. The company has lodged an Appendix 4G with the ASX, outlining compliance with key governance recommendations such as maintaining a board charter, conducting due diligence on directors and executives, and formalising written agreements with senior leadership.

The governance statement details how RocketDNA delineates roles between the board and management and ensures the company secretary reports directly to the board through the chair. By publicly disclosing these structures and confirming adherence to ASX rules, RocketDNA aims to strengthen transparency, meet regulatory expectations, and give stakeholders greater visibility into its oversight and decision-making processes.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA updates corporate governance framework to align with ASX principles
Feb 25, 2026

RocketDNA Limited has released an updated corporate governance statement, confirming that its board remains responsible for overseeing the company’s management and safeguarding shareholder interests. The board has adopted the ASX Corporate Governance Council’s Fourth Edition principles where practical, while acknowledging that full compliance may not always be optimal given the company’s scale and circumstances.

The statement details the company’s adherence to key governance measures, including a formal board charter, rigorous checks for director and executive appointments, and written agreements for all senior leaders. RocketDNA also outlines the central role of its company secretary and maintains a diversity policy framework, signalling a continued focus on robust governance structures as a foundation for future growth and stakeholder confidence.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA lifts revenue but posts deeper annual loss and holds dividends
Feb 25, 2026

RocketDNA Ltd reported a modest 6% rise in revenue to $7.683 million for the year to 31 December 2025, but its net loss attributable to members widened to $2.815 million, a 46% deterioration from the prior year. The company did not declare any dividends, with net tangible assets edging up slightly to 0.52 cents per share, suggesting continued capital intensity and a focus on reinvestment rather than shareholder payouts.

The absence of acquisitions, divestments, associates or joint ventures during the period indicates that RocketDNA’s performance was driven largely by its existing operations rather than structural changes. Investors seeking deeper insight into the drivers of the higher loss and operational trends will need to rely on the accompanying directors’ report and full financial statements, as the company provided limited commentary in the headline figures.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Issues 5 Million Unquoted Options as Part of Prior Transaction
Jan 19, 2026

RocketDNA Ltd has notified the market of the issue of 5,000,000 unquoted options under ASX code RKTAB, each exercisable at $0.02 and expiring on 30 May 2029, with an issue date of 19 January 2026. The new options, which are not intended to be quoted on the ASX, form part of a previously announced transaction and signal ongoing use of equity-based instruments in the company’s capital management and incentive structures, with potential future dilution for existing shareholders depending on exercise.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Sets Terms for 5 Million Consultant Options
Jan 19, 2026

RocketDNA Ltd has detailed the terms and conditions of 5,000,000 consultant options previously notified as a proposed issue of securities, each option carrying an exercise price of $0.02 and expiring on 30 May 2029. The options vest on 1 July 2026 subject to the holder’s continued engagement with the group, are exercisable at any time up to expiry, and upon exercise will convert into fully paid ordinary shares ranking equally with existing shares, underscoring the company’s use of equity-based incentives to align consultants with its long-term growth objectives.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Lodges Plan to Issue 5 Million Long-Dated Options
Jan 18, 2026

RocketDNA Ltd., listed on the ASX under the code RKT, has lodged a notice with the exchange outlining a proposed issue of new securities via a placement or similar capital-raising mechanism. The company did not include additional operational or strategic details about its business activities in the filing.

RocketDNA plans to issue up to 5 million options (ASX code RKTAB), each with an exercise price of $0.02 and an expiry date of 30 May 2029, with a proposed issue date of 19 January 2026. The move signals an intention to bolster its capital structure through option-based financing, potentially providing future funding flexibility and aligning investor participation with the company’s longer-term share price performance.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Triggers Milestone Vesting of 2025 Executive Performance Rights
Jan 11, 2026

RocketDNA Ltd has announced that a performance milestone has been met, triggering the vesting of 4 million 2025 Performance Rights held by Managing Director Chris Clark and 2 million held by executive director Paul Williamson. The milestone was achieved after the company reached a 30-day volume-weighted average price of A$0.02 for its shares within the specified assessment period, and each vested right can now be exercised into one fully paid ordinary share for nil consideration before 30 September 2026, potentially increasing the company’s share count and further aligning executive incentives with shareholder value.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Issues New Shares Under Employee Incentive Plan
Jan 7, 2026

RocketDNA Ltd has issued 617,984 fully paid ordinary shares to employees under its Employee Incentive Plan, expanding its share capital without undertaking a formal prospectus or disclosure process under Part 6D.2 of the Corporations Act. The company confirmed it remains compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information that would be material to investors’ assessment of RocketDNA’s financial position or the rights attached to its securities, signaling that the issuance is an administrative step in employee compensation rather than a move tied to undisclosed developments.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Grants 4.5 Million Performance Rights Under 2025 Employee Incentive Plan
Jan 7, 2026

RocketDNA Ltd has notified the market of the issuance of 4.5 million unquoted performance rights to employees under its 2025 employee incentive scheme, effective 7 January 2026. The move underscores the company’s use of equity-based remuneration to attract and retain key staff, aligning employee incentives with shareholder interests and signalling ongoing investment in human capital to support its growth and operational objectives.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Seeks ASX Quotation for New Shares Issued Under Employee Incentive Plan
Jan 7, 2026

RocketDNA Ltd. has applied to the ASX for quotation of 617,984 new fully paid ordinary shares, issued on 7 January 2026 under its employee incentive plan approved by shareholders in May 2024. The move modestly increases the company’s quoted capital base and underscores its continued use of equity-based remuneration to attract and retain staff, aligning employees’ interests with those of shareholders and signalling an ongoing commitment to incentivising key talent in a competitive technology sector.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

RocketDNA Executives Secure Full Vesting of Performance Rights After 100% TSR Milestone
Jan 5, 2026

RocketDNA Ltd has announced that a performance milestone has been met, triggering the full vesting of 3,000,000 performance rights held by Managing Director and CEO Chris Clark and 1,500,000 performance rights held by executive director Paul Williamson. The vesting was tied to the company achieving a total shareholder return of 100%, reflected in the rise of the 10-day volume-weighted average share price from $0.0106 at issuance of the 2023 performance rights to $0.0235 as at 2 January 2026, and each right can now be exercised into one fully paid ordinary share at no cost before 29 May 2027, signalling both a significant uplift in shareholder value and the realisation of executive long-term incentive targets.

The most recent analyst rating on (AU:RKT) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Delta Drone International Ltd stock, see the AU:RKT Stock Forecast page.

Pither Investments and Nintieth Y Exit Substantial Holder Position in Rocketdna
Dec 30, 2025

Pither Investments Pty Ltd and Nintieth Y Pty Ltd have ceased to be substantial shareholders in Rocketdna Ltd, as disclosed in a statutory notice lodged under the Corporations Act. The change, effective 24 December 2025 and attributed to dilution and trading, reduces their voting influence in the company and signals a shift in Rocketdna’s share register that existing and prospective investors may factor into their assessment of the stock’s ownership dynamics.

RocketDNA Director Paul Williamson Increases Stake Through Share Placement
Dec 24, 2025

RocketDNA Ltd has disclosed a change in the holdings of director Paul Williamson, who acquired 1,333,333 ordinary fully paid shares on 24 December 2025 through participation in the second tranche of a shareholder-approved placement. Following the $20,000 on-market investment, Williamson’s direct holding increased to 7,273,503 ordinary shares, alongside his existing 12 million performance rights and 15 million options with staggered expiries to 2031, signalling continued director support for the company’s capital-raising efforts and long-term strategy.

RocketDNA Director David Morton Increases Indirect Shareholding
Dec 24, 2025

RocketDNA Ltd has disclosed a change in director David Morton’s indirect interest in the company’s securities, as required under ASX listing rules. Through an associated holder, Morton acquired 6,666,666 additional ordinary fully paid shares on 24 December 2025 for a consideration of $100,000, increasing his indirect shareholding in RocketDNA. The notice formalises the transaction for regulatory transparency and signals a further financial commitment by a board member, which may be interpreted by investors as a vote of confidence in the company’s prospects.

RocketDNA Director Chris Clark Increases Indirect Shareholding via Placement
Dec 24, 2025

RocketDNA Ltd has disclosed a change in the interests of director Chris Clark, whose holdings are held indirectly via C & K Clark SMSF Pty Ltd. Clark acquired 666,666 additional ordinary fully paid shares for $10,000 through participation in tranche two of a previously approved placement, increasing his indirect shareholding while leaving his existing performance rights and options unchanged. The transaction, endorsed by shareholders at a general meeting on 18 December 2025, modestly strengthens insider ownership and signals continued board-level support for the company’s capital-raising activities and strategic direction.

RocketDNA Issues 45 Million New Shares Under Approved Placement
Dec 24, 2025

RocketDNA Ltd has issued 45,199,993 new ordinary fully paid shares at $0.015 per share as part of a placement previously announced to the market and approved by shareholders at a recent general meeting. The company confirmed that the shares were issued without a prospectus under the relevant exemption in the Corporations Act, that it remains compliant with its financial reporting and continuous disclosure obligations, and that there is no excluded information that investors would reasonably require, underscoring regulatory compliance and transparency around the capital raising for existing and prospective shareholders.

RocketDNA Seeks ASX Quotation for 45.2 Million New Shares
Dec 24, 2025

RocketDNA Ltd has applied to the ASX for quotation of 45,199,993 new fully paid ordinary shares under code RKT, following the issue of these securities on 24 December 2025. The move expands the company’s quoted capital base and formalises the trading status of shares previously flagged to the market, potentially enhancing liquidity for existing investors and supporting RocketDNA’s capacity to pursue future corporate and operational initiatives.

RocketDNA to Brief Investors on Contracts, BHP Deployment and 2026 Priorities
Dec 22, 2025

RocketDNA Ltd has invited shareholders and interested investors to an online webinar on 23 December 2025, where Managing Director and CEO Christopher Clark will brief the market on recent operational progress and customer activity. The session will cover new contracts and purchase orders, the company’s first deployment into BHP’s iron ore operations, expansion across existing clients in Australia and Africa, progress in scaling its autonomous drone services and software, and near-term operational priorities heading into 2026, offering investors additional context on growth opportunities and the company’s evolving market position.

RocketDNA Passes Key Resolutions in General Meeting
Dec 18, 2025

RocketDNA Ltd announced the successful passage of all resolutions at its General Meeting held on December 18, 2025. The resolutions, including the ratification and approval of recent share placements, signal stakeholder confidence and provide the necessary financial flexibility to support RocketDNA’s strategic growth initiatives. These measures are important for maintaining the company’s competitive edge in its core industries and markets.

RocketDNA Secures A$1M in New Orders, Expands Drone Deployments
Dec 17, 2025

RocketDNA Ltd has secured approximately A$1 million in new orders from existing clients, reflecting a growing demand for their autonomous drone solutions in the mining sector. The company has expanded its xBot deployments across Australia and secured contracts with major mining companies such as BHP and Assmang, enhancing their market presence and operational capabilities. These developments indicate RocketDNA’s strong positioning to meet increasing industry demand for automation and safety improvements, with plans to further develop their software offerings to support long-term growth.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 09, 2026