I’ve been watching DRO since May and have just bought in today. The tech is very impressive but I wasn’t keen on the financials. Last weeks report shows signs of promise, coupled with a number of positive sales announcements plus today’s prompted me to buy in.
The questions on whether this is announcement worthy; keep in mind it’s still relatively early days and a foot in the door is very news worthy. DRO aren’t selling cars. The sales cycle is very complex and the sales highlight a pretty significant milestone. Yes they’re small in revenue but don’t underestimate what they represent in the bigger picture. Sales will be small and spread out but momentum will pickup.
Ann: Multiple European Government Orders, page-37
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Last
$1.17 |
Change
0.060(5.43%) |
Mkt cap ! $1.015B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.17 | $1.13 | $15.86M | 13.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 151000 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |