ASX drones companies making inroads
In 2020, a handful of ASX-listed drone stocks have notched up some hefty gains.* has compiled a list of drone companies on the ASX, and tracked their performances over the last 12 months.
Strategic Elements (ASX:SOR) is one of the leading drone performers on the ASX – notching up more than 800% in the last 12 months. This company is operating under a Pooled Development Fund program, and also has precious metals projects in WA.
Pointerra (ASX:3DP) has also gained more than 800 per cent in one year. The company reported impressive revenue growth, increasing by 218 per cent to $1.56 million for the first half.
Orbital (ASX:OEC), on the other hand, returned over 200 per cent in the last 12 months, reporting a 67 per cent increase in revenue to $19 million for the first half.
DroneShield (ASX: DRO), which designs weapons and systems to defend against drones, also reported a 58 per cent rise in revenue to $5.4 million for the full year FY20.
https://unauthorised investment advice/tech/delta-drone-soars-after-significant-deal-underpins-growth-in-asx-drone-stocks/
Drone News, page-49
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