DroneShield Ltd
(ASX: DRO)Share Price and News
About DroneShield
DroneShield is an Australian-based defence technology company headquartered in Sydney, with a significant presence in Warrenton, Virginia. The company specialises in developing and manufacturing AI-powered hardware and software solutions designed to detect and neutralise unmanned aerial systems (UAS) and other autonomous threats.
Its product suite includes portable, vehicle-mounted, and fixed-site counter-UAS systems, catering to military, law enforcement, and critical infrastructure clients worldwide.
Droneshield's Company History
DroneShield commenced operations in Virginia, USA, in 2014 by 2 scientists from John Hopkins and the Defence Advanced Research Projects Agency (DARPA). It was listed on the Australian Securities Exchange (ASX) in 2016 and moved to Australia during this time.
Its growth has been marked by significant milestones. One of the key milestones in the early years was working with Thales, an agreement that first began in 2019. But the biggest milestone was a collaboration with Lockheed Martin in November 2023 that led to an enormous re-rating, culminating in the company's inclusion in the ASX 300. Another was inclusion in the first procurement framework for counter-UAS solutions in NATO history.
Throughout 2024, Dronshield undertook multiple capital raisings and secured A$100.4m in revenue in the first 5 months of 2025.
Future Outlook of DroneShield (ASX: DRO)
DroneShield's financial performance in 2024 showcased a 6.4% year-over-year revenue growth, reaching $57.5 million. The company reported a net loss of $1.3 million, aided by a $5.5 million income tax benefit.
Looking ahead, DroneShield has secured $52 million in contracted revenue for the fiscal year 2025 (FY25), representing approximately 90% of its calendar year 2024 (CY24) revenue. In the first 5 months of the year, it secured $100.4m - impressive considering it made $57.5m for the entire year.
Looking further ahead, the company's sales pipeline is robust, with a $2.3bn pipeline, of which $1.1bn is in Europe, $579m is in Asia and $420m is in the USA.
Aiding the company's cause is the ever rising spending on defence which is over US$2tn, driven by geopolitical tension. The company estimates it has a market opportunity of US$10bn, the bulk of which is military vehicles, government facilities, airports and with mlitary portables.
The company's inclusion in the ASX 300 Index and the NATO Framework Agreement further solidifies its position amongst investors.
Is DRO a Good Stock to Buy?
DroneShield looks like an appealing growth opportunity for investors. It has strong technology, a large sales pipeline and an expanding market opportunity.
Our Stock Analysis
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Frequently Asked Questions
DroneShield does not currently offer dividends, focusing instead on reinvesting profits into research and development to support growth.