Australia's DroneShield hits 8-month low on dour H1 margin outlook
BUZZ-Australia's DroneShield hits 8-month low on dour H1 margin outlook ** Shares of DroneShield DRO.AX tumbled as much as 14.3% to A$1.783, hitting their lowest level since late November 2025 and marking their weakest intraday performance in about two-and-a-half months
** Counter-drone tech maker's stock was the ASX 200’s .AXJO worst performer, even as the benchmark index edged 0.4% higher
** Co reports preliminary 1H gross margin of 60%, down from 65% a year earlier, hurt by currency headwinds, raw material impairments, among others
** 1H rev is projected to reach A$125.8 million ($87.92 million), marking a 74% YoY increase - DRO
** Also secures A$23.2 million in contracts through a reseller, with the systems slated for delivery to a European military end-customer
** Stock down 40.2% YTD
($1 = 1.4308 Australian dollars)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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