DroneShield Ltd (ASXRO) has reported a 60% increase in revenue...

  1. AlphaAlkaline
    1,074 Posts.
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    27/02/23
    10:20
    Post #: 66479960
    DroneShield Ltd (ASXclear.pngRO) has reported a 60% increase in revenue to $16.9 million, with a narrowed net loss of $949k for 2022. The company is rapidly approaching profitability, and the CEO expects 2023 to be a transformational year with a strong balance sheet of approximately $20.5 million in cash and no debt or convertibles. DroneShield offers customers bespoke counterdrone and electronic warfare solutions globally, and has recently witnessed two all-time record $11 million orders in December 2022 and January 2023.
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