DroneShield Revenue Soars Amidst Rising Losses

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

DroneShield Limited reports a significant revenue increase of 108% to nearly $24 million for the first half of 2024, but also sees a 64% rise in losses after tax, amounting to approximately $4.8 million, with no dividends paid or proposed. The company’s net tangible assets per share have doubled from $0.15 at the end of 2023 to $0.30 as of 30 June 2024, indicating substantial growth in shareholder equity.

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