DroneShield Says March Quarter Second Highest Revenue Quarter to Date

MT Newswires Live

04/22

DroneShield (ASX:DRO) said that the March quarter was the second highest revenue quarter to date, with a revenue of AU$74.1 million, up 121% from AU$33.5 million in the year-ago quarter, according to a Wednesday Australian bourse filing.

The three months ended March 31 was also the highest customer cash receipts quarter on record, with customer cash receipts rocketing 360% year over year to AU$77.4 million.

The company's software-as-a-service business contributed 6.9% of the revenue, clocking in at AU$5.1 million during the period and jumping 205% year over year.

DroneShield's shares were up nearly 2% in recent trading on Wednesday.

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