DroneShield Limited (AU:DRO) has released an update.
DroneShield Limited reports a threefold increase in 2023 revenue, reaching $55.1 million, and a record $73.5 million cash receipts, marking continuous yearly growth. The company anticipates a strong 2024, backed by a $33 million record order and a robust sales pipeline valued at over $519 million. Moreover, DroneShield has achieved significant technological advancements, expanded production capabilities, and received a NATO counterdrone contract, further bolstered by governmental support in Australia and the AUKUS alliance.
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