@Phantom77 , re your comment: "does it not have 500m in pipeline" – The only actual sales in the pipeline are the 17 projects for $28 million, which represent orders placed with DroneShield.
Everything else is a lead where DroneShield is working at making the sale.The "Credible Lead" end of the pipeline, which consists of 18 projects for $550 million, represents projects where DroneShield has confirmed that the project is real, that they will be allowed to submit a tender, and (hopefully) that the project scope includes DroneShield's product range.
@redblue 's comment that DroneShield has a hard time converting these leads into sales is true, but it doesn't only apply to DroneShield. Just look at Electro-Optical's track record in converting their defence leads into sales. This comment would apply to every small- to mid-tier defence supplier. Defence is tough. You have to jump through hoops. It can take years to get through the process.
@Phantom77 , re your comment: "does it not have 500m in...
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Last
$1.45 |
Change
-0.030(2.03%) |
Mkt cap ! $1.098B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.47 | $1.41 | $6.732M | 4.678M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 35895 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 1139 | 1 |
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| Last trade - 11.18am 25/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |