DRO 4.22% 79.5¢ droneshield limited

DroneShield (ASX:DRO) Releases Record Results

  1. 7,950 Posts.
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    I don't understand the criticism here of Oleg promising so much and not delivering,  the company is only 5 years old and has had to deal with a pandemic,  the growth is very linear and spectacular,  see below. All companies massage accounting profits to some extent, DRO is doing nothing unusual when it decides which qtr to realise revenues in.

    Let's see if we can clear all important 17.5 cents today,  yes I'm also a bit annoyed the qtrly was released two weeks early, obviously Oleg was keen to make a point, as I was keen to add 15/16, but suggests there maybe some pent up demand as the week progresses....
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    DroneShield (ASXRO) Releases Record Results

    SYDNEY, July 13, 2021 /PRNewswire/ -- DroneShield Ltd (ASXRO) ("DroneShield" or the "Company"), global leader in counter-UAS, Electronic Warfare and Signals Intelligence solutions has today released an all-time record quarterly result, continuing on its trajectory of continuous record revenues since its listing in 2016.
    Key financial highlights included:
    • 2Q21 quarterly customer receipts of $7.4 million, an all-time record, despite COVID slowdown.
    • 1H21 cash receipts of $9.1 million, a 600% growth over 1H20 cash receipts.
    • Bank balance as at 30 June 2021 increasing to $14.2 million.
    • $200 million global sales pipeline, across number of key markets and products, in a $6bn total addressable market.
 
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