DroneShield Limited ( (AU:DRO) ) just unveiled an update.
DroneShield Limited reported a 6.4% increase in revenues to $57.5 million for the year ended December 31, 2024. However, the company experienced a significant financial setback with a loss of $1.32 million, a stark contrast to the previous year’s profit of $9.34 million. This financial downturn may impact the company’s market positioning and stakeholder confidence, despite the increase in net tangible assets per ordinary security from $0.15 to $0.35.
More about DroneShield Limited
DroneShield Limited operates in the defense and security industry, specializing in the development and sale of counter-drone technology. The company focuses on providing innovative solutions to detect and mitigate drone threats, catering to military, government, and commercial markets.
YTD Price Performance: 5.15%
Average Trading Volume: 182,170
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $444.5M
See more data about DRO stock on TipRanks’ Stock Analysis page.