DroneShield Ltd (ASX:DRO) (“DroneShield” or the “Firm”) is happy to announce the discharge of report full yr FY23 outcomes.
The highlights embrace:
- FY23: report contracts and quickly rising money receipts
- FY23 $73.5 million money receipts, up 5x vs. FY22
- FY23 $55.1 million income, up 3x vs. FY22
- 80% of revenues are from repeat prospects
- The income vs. money receipt distinction principally attributable to superior funds on product subscriptions (SaaS), warranties, in addition to grants obtained
- Largest geographical section income contributions are US at 68% and Australia at 23%
- FY23 is first worthwhile yr, with $9.3 million revenue after tax
- Shareprice up 64% over 2023 (vs 9% for ASX300)
- Money steadiness of $57.9 million as of 31 Dec 2023, no debt or convertibles
- Dedicated provide chain funds of $30 million
- $30 million contracted backlog and pipeline of over $510 million*
- Considerably accomplished enlargement of the group to allow construct, supply and assist of materially bigger orders
- Accomplished transfer to a bigger Sydney facility (3x present ground area) in January, plus provide chain companions been quickly increasing
- No materials value to DRO to maneuver, attributable to gentle capex mannequin (heavy equipment work all outsourced) and landlord fitout incentive funds
- Positions the corporate for $300-400 million annual manufacturing capability
- 115 group members together with over 90 engineers
- Beneficial atmosphere for DroneShield with quickly rising counter-drone, defence and safety spending globally
- The Ukraine battle continues to spotlight using drones on the battlefield, which can proceed driving growing C-UAS orders even after the eventual ceasefire
- Drones more and more used throughout world conflicts, together with Hamas terror assault on Israel
Full 12 months Outcomes Presentation might be considered right here:
Annual Report might be considered right here:
