Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-34

According to the release, DroneShield achieved record revenue of $24.1 million for the six months ended 30 June. This comprises first quarter revenue of $16.7 million and second quarter revenue of $7.4 million.

While DroneShield's growth has clearly slowed since the end of the first quarter, its first half revenue still represents an impressive 110% increase on the $11.5 million it recorded in the prior corresponding period.

Also growing strongly in the first half was the company's cash receipts. DroneShield reported record first half cash receipts of $21.4 million.

DroneShield said the second half of the year, and especially the December quarter, have traditionally been stronger performance periods for the company.

October and November often correspond to the start of a new budget cycle for many US Government customers, with end of the year underspend catch up and commencement of new year monies being deployed.

The fundamentals are strong and the growth runway is there.

The negative sentiment is without basis and simply those looking to short a fundamentally sound stock with cash reserves and no debt.