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DroneShield Ltd (ASX:DRO) (“DroneShield” or the “Firm”) is happy to announce the discharge of document full 12 months FY23 outcomes.
The highlights embrace:
FY23: document contracts and quickly rising money receiptsFY23 $73.5 million money receipts, up 5x vs. FY22FY23 $55.1 million income, up 3x vs. FY2280% of revenues are from repeat customersThe income vs. money receipt distinction largely attributable to superior funds on product subscriptions (SaaS), warranties, in addition to grants receivedLargest geographical phase income contributions are US at 68% and Australia at 23%
FY23 is first worthwhile 12 months, with $9.3 million revenue after taxShareprice up 64% over 2023 (vs 9% for ASX300)
Money stability of $57.9 million as of 31 Dec 2023, no debt or convertiblesCommitted provide chain funds of $30 million$30 million contracted backlog and pipeline of over $510 million*
Considerably accomplished growth of the workforce to allow construct, supply and help of materially bigger ordersCompleted transfer to a bigger Sydney facility (3x present flooring house) in January, plus provide chain companions been quickly expandingNo materials price to DRO to maneuver, attributable to gentle capex mannequin (heavy equipment work all outsourced) and landlord fitout incentive paymentsPositions the corporate for $300-400 million annual manufacturing capacity115 workforce members together with over 90 engineers
Beneficial surroundings for DroneShield with quickly rising counter-drone, defence and safety spending globallyThe Ukraine battle continues to spotlight the usage of drones on the battlefield, which can proceed driving rising C-UAS orders even after the eventual ceasefireDrones more and more used throughout international 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:
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