Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Counterdrone Co. Poised for Growth After Transformative 2023

Source: Daniel Laing


December 4, 2023 ( Newswire) DroneShield Ltd. is expected to deliver over AU$69 million in revenue for 2023, approximately 4x last year's result, noted Bell Potter analyst Daniel Laing.

DroneShield Ltd. (DRO:ASX; DRSHF:OTC) is expected to deliver over AU$69 million in revenue for 2023, approximately 4x last year's result, establishing a foundation for the company's first profitable year with AU$15.2 million in projected net income, noted Bell Potter Securities analyst Daniel Laing in a November 30 report.

Significant Scaling Underway

With strong contract momentum continuing, DroneShield is expanding operations by moving to a larger facility before year-end. Laing sees the company as well positioned financially to capitalize on robust demand.

Over AU$80 Million in Contract Wins

DroneShield secured around AU$80 million in hardware and R&D contracts over the past year that are expected to contribute AU$66 million to 2023 sales.

The current backlog stands at AU$38 million, not including additional underlying revenue.

Sales Pipeline Grows to Nearly $400 Million

Beyond current agreements, the analyst sees AU$400 million in near-term opportunities spanning North American and European defense agencies and commercial installations.

This includes a multi-year U.S. military base security rollout projected to represent over AU$20 million in revenue.

Poised for Global Industry Leadership

With its proprietary artificial intelligence driving continued innovation and demonstrated execution on large-scale deployments, Bell Potter believes DroneShield can establish itself as an industry leader in counter-drone security technology.

Based on significant growth prospects, the firm maintains a Buy rating and increases its price target by 11% to AU$0.50.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More

Get more Defense Stock Investor Ideas - news, articles, and stock directories