DroneShield Limited (AU:DRO) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.