Australia's DroneShield rises to 1-month high on record quarterly revenue

DroneShield

22/04/2025 02:13

** Shares of DroneShield DRO.AX rise 2.6% to A$1.18, their highest levels since March 21

** The counterdrone solution provider posts a record quarterly revenue of A$33.5 million ($21.46 million) from A$16.6 million in the same period last year

** Says A$94.4 mln revenue has already been received or are under committed purchase orders for 2025 delivery

** Stock up ~54% this year, including the day's move

($1 = 1.5610 Australian dollars)

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))