And for those of us years ago who were wise enough to see the future of drone warfare (playing out right now), who have been holding DRO since those deep lows at the height of the pandemic panic when the whole market sh*t the bed, a 300% return on investment in 3 years is good huntin’
DRO is not a day traders stock. There’s plenty of bigger fish to pull 1% profits from if that floats your boat. The drone defence market was nascent when DRO went public in 2016, spent years clawing and crawling forwards and finally it took some big steps in 2023 well positioned as the global market leader. It’s now time we learn to walk - AI is about to change the world on a scale akin to the invention of the internet itself. There’s the key; Droneshield’s RFAI, DroneOptID, and SFAI put this company right in the middle of this new tech bubble. That alone makes it at least a medium term hold.
All in my opinion, of course. If we don’t see a couple more $11m orders before EOFY24 I’ll be concerned about the trajectory. Keeping the same scale up from 2022 into 2023 we will need to see $165.3m in revenue and $367.5m in total cash receipt growth in 2024.
GLTAH
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