$$DRO (-8.37%) has published its quarterly results.
Not until August, my ass.
(Surprise, small caps like to do that)
Here are the most important points:
1H24 SaaS revenues of $1.3 million, up 93% vs 1H23 ($663k) - Positive
Cash balance of $146 million - no change.
Now comes the part that most people will pounce on:
2x increase in pipeline since March 31, 2024 to $1.1 billion. - Talk from the sales handbook, then the following point, which underpins my exit:
$28 million contracted backlog - Valued last week at just under A$2 billion but an effective backlog of A$28 million, around 17 million euros.
https://www.droneshield.com/investor-relations
Come on guys, nobody here has noticed that the figures have already been published today?