Delta Drone International Ltd (AU:RKT) has released an update.
Delta Drone International Ltd reported a modest revenue increase to $1.744m, a 1% rise from the last quarter and an 18% surge from the previous year, despite a slight dip in cash receipts and a decrease in Annual Recurring Revenue. The company marked a significant contract renewal with Vedanta Zinc and expansion of its autonomous xBot system to Tier-1 customers and new sectors beyond resources, indicating a diversifying growth strategy. CEO Christopher Clark highlighted the company’s progress towards operational cash flow breakeven, excluding one-off tax payments.
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