I get that AI can often seem like a buzzword, especially in Tech, where it's sometimes used just to boost stock prices without much substance behind it. I was skeptical when DroneShield first mentioned AI too. But after seeing specific examples of how they're actually integrating AI into their products, I realised it's more than just a buzzword for them. If you're curious about the details, check out 13:12 - 16:41 DroneShield (ASXRO) - Webinar Presentation - YouTube
As for the capital raise, I understand the concern about them needing more funds so soon after the last round. However for me personally, the justification for this CR was one of the very few I am content with. We can speculate on internal discussions, but it’s clear the additional $120 million is to accelerate R&D, enhance AI software, develop new products and boost SaaS revenue.
I would’ve been more skeptical about them being on track to reach the $300-500M revenue goal without the last two capital raises, which are essential for a business like Droneshield with big ambitions to grow. For now, they have enough. They’ve got the funds, and it’s time to execute and close the big deals they’ve been promoting.
- Forums
- ASX - By Stock
- Ann: Successful Completion of $120m Underwritten Placement
I get that AI can often seem like a buzzword, especially in...
-
-
- There are more pages in this discussion • 164 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.25 |
Change
-0.055(4.21%) |
Mkt cap ! $1.090B |
Open | High | Low | Value | Volume |
$1.30 | $1.30 | $1.25 | $13.22M | 10.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
70 | 856673 | $1.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.26 | 9135 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
67 | 848873 | 1.250 |
14 | 80505 | 1.245 |
20 | 279742 | 1.240 |
4 | 136097 | 1.235 |
22 | 105152 | 1.230 |
Price($) | Vol. | No. |
---|---|---|
1.255 | 9135 | 2 |
1.260 | 35445 | 2 |
1.265 | 118764 | 11 |
1.270 | 94810 | 6 |
1.275 | 81063 | 4 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
Featured News
DRO (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online