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DroneShield Limited Reports Record Cash Receipts in 2024

DroneShield Limited (AU:DRO) has released an update.

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DroneShield Limited has reported a record-breaking performance with 1Q-3Q 2024 cash receipts reaching $30.5 million, a 20% increase from the previous year, and revenues estimated to hit $55.2 million by year-end from existing orders. The company is strategically positioned to fulfill urgent orders with $240 million in existing inventory, aiming to capitalize on demand before the year’s close.

For further insights into AU:DRO stock, check out TipRanks’ Stock Analysis page.

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