$$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?