• All-time record revenue and cash receipts achieved in 2022,...

• All-time record revenue and cash receipts achieved in 2022, with a strong outlook for 2023*
• Revenue increases approximately 60% over previous record year, to $16.9 million
• Cash receipts at a record $15.6 million
• Strong cash balance of approximately $20.5 million as of 27 February 2023
• Rapidly improving P&L of ($949k) for FY22, an 82% improvement over FY21
• Two all-time record $11 million orders received in December and January, from two different Government customers
• These sales will be fulfilled from existing stock and working capital, via favourable payment terms
• Recommendation by the US DoD for rollout across its bases nationwide, expected to commence this year
• The first U.S. airport deployment, deployments at Davos and IRONMAN Texas
• Multiple $1 million+ deployments with the U.S., European and other Government customers
• $3.7 million investment from Epirus Inc, a U.S. defense technology unicorn developing software-defined directed energy systems
• New partnerships with Teledyne FLIR, Nearmap, Allen Vanguard and XRG, while strengthening and making additional sales through
existing partnerships with BT, Trakka and Thales
• Launch of a dedicated testing facility in Australia
• Favourable macro environment for DroneShield with rapidly rising counterdrone, defence and security spending globall