DroneShield (ASX: DRO) on the Australian stock exchange is the next mega bubble stock.
DRO's market cap at $0.20 per share is only AUD$86.508 million or USD$64.838 million.
DRO has the world's #1 best proprietary AI platform for protection against drones. Defense spending is about to explode globally and DRO is the leading counterdrone technology company with a best-in-class customer base including the U.S. Air Force, U.S. State Department, Australian Department of Defence, New Zealand Defence Force, and the U.K. Ministry of Defence.
DRO's 2021 revenue more than doubled to AUD$10.5 million. Including grants, DRO's 2021 cash receipts almost tripled to AUD$14.8 million. DRO expects to see very strong growth in 2022 and will likely turn cash flow positive.
DRO recently completed their first Ukraine sale with very favorable feedback. More Ukraine related projects are expected to be signed in the upcoming months and will be a significant growth driver. DRO's biggest growth driver will likely be Middle East orders from the Kingdom of Saudi Arabia and United Arab Emirates.
DRO's existing counterdrone detection products include a meaningful ongoing subscription, which will continue to grow with the number of deployed devices in the field. DRO provides quarterly software updates and expects to rapidly grow its recurring SaaS (Software as a Service) revenue.
Thales a $26.5 billion market cap defence contractor placed a new order for DRO's technology on March 23, 2022. Thales assessed DRO's RfOne detection product over a six-month period in northern France and concluded that measured detection ranges exceeded nominal specifications by 25%. Thales said, "We are pleased with the performance of the DroneShield solutions and look forward to deploying them with our global customer base."
On March 21, 2022, DRO received a new $2 million order from an international government agency.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.