DroneShield Limited ( (AU:DRO) ) has issued an update.
DroneShield Limited has announced a significant year in 2024, achieving a record revenue of $57.5 million, with a robust pipeline of $1.2 billion and a strong cash balance of $215.2 million as of February 2025. The company is poised for further growth in 2025, having already secured $52 million in committed revenue just two months into the year, driven by geopolitical tailwinds and an expanded team focused on AI technology development.
More about DroneShield Limited
DroneShield Limited provides Artificial Intelligence-based platforms for protection against advanced threats such as drones and autonomous systems. The company offers bespoke counter-drone and electronic warfare solutions, as well as off-the-shelf products for various platforms including terrestrial, maritime, and airborne. Their clientele includes military, intelligence communities, government, law enforcement, critical infrastructure, and airports.
YTD Price Performance: 5.15%
Average Trading Volume: 182,170
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $444.5M
Learn more about DRO stock on TipRanks’ Stock Analysis page.