RocketDNA Reports Second Straight Quarter of Positive Cash Flow Amid Expanding Enterprise Drone Deployments in Major Mining Operations

Financial Performance Strengthens with Second Consecutive Quarter of Positive Operating Cash Flow

RocketDNA reached a significant financial milestone by reporting positive net operating cash flow of $60,000 for the June 2026 quarter, marking its second consecutive quarter of positive cash generation. This reflects the maturation of the company’s commercial model and the rising contribution of recurring revenue from its installed autonomous systems. Customer cash receipts totaled $2.98 million during the quarter, showcasing strong collection from its expanding enterprise customer base.

Revenue for the quarter reached $2.53 million on an unaudited basis, up 2% from the previous quarter and 52% compared to the same period last year. This robust year-on-year growth is driven by increased utilisation across existing enterprise customers and the rollout of new deployments. Cash reserves stood at $2.70 million as of 30 June 2026, compared with $2.97 million on 31 March 2026. Notably, xBot® recurring revenue grew 25% quarter-on-quarter, fueled by the scaled BHP Mitsubishi Alliance deployment, deeper penetration at existing customer sites, and more xBot® systems on paid ongoing service agreements.

BHP Mitsubishi Alliance Deployment Becomes One of Australia’s Largest Autonomous Drone Operations

RocketDNA’s partnership with BHP Mitsubishi Alliance has grown into one of Australia’s largest continuous autonomous drone deployments, covering four metallurgical coal sites in the Bowen Basin: Peak Downs, Goonyella Riverside, Saraji, and Caval Ridge. This large-scale deployment underscores the commercial viability and operational effectiveness of RocketDNA’s autonomous drone platform across multiple major mining sites operated by a tier-one company.

The maturity of the BMA deployment forms a cornerstone of RocketDNA’s commercial strategy and revenue base. Its success serves as a proof-of-concept that has encouraged adoption by new enterprise customers. The BMA partnership functions both as a revenue-generating asset and a reference demonstrating the reliability and continuous operation of RocketDNA’s technology in challenging mining environments. Management notes that following BMA’s success, several customers transitioned from trial phases to paid contracts during the quarter.

Four Enterprise Customers Transition to Paid Operations, Broadening Revenue Base

In the June 2026 quarter, RocketDNA achieved a key commercial milestone by converting four enterprise customers to operational deployments generating revenue. Norton Gold Fields commissioned its third SurveyBot® unit at the Havana operation, with services revenue beginning in April. Sibanye Platinum in South Africa commissioned two xBot® units delivered the prior quarter, starting operational revenue in June. Fenix Resources notably ordered, deployed, commissioned an xBot® system at the Shine Iron Ore Mine, inducted its team onto Skylink® and SiteTube®, and generated its first revenue month—all within a single quarter.

Whitehaven Coal also transitioned from an xBot® trial at Blackwater Mine, which recorded more flight time than any prior trial, to an ongoing paid operations contract effective 1 July 2026. These deployments highlight RocketDNA’s ability to rapidly deploy and convert new customers to revenue-generating status within compressed timelines. Broad-area regulatory approvals and embedded deployment processes enable this execution speed, providing a competitive advantage. The shift from trial to paid arrangements reflects strong customer confidence in RocketDNA’s autonomous drone technology.

xBot® Fleet Expands to 24 Paid Service Units with 15 Additional Systems in Pipeline

The number of xBot® autonomous drone systems on paid ongoing service grew 20% during the quarter to 24 units as of 30 June 2026. Additionally, 15 more units were in various stages of manufacture, transport, commissioning, or trial, marking a 114% increase in the broader deployment pipeline. This fleet expansion aligns with the company’s "land and expand" strategy, bringing new customers into operational deployment and deepening utilisation at existing sites.

To support this growth, RocketDNA increased supply-chain capacity by engaging two additional suppliers for assembling xBot® systems and remote power hardware. This expanded supplier network enables assembly of up to 24 units monthly worldwide, subject to component availability. All xBot® units and power systems adhere to RocketDNA’s standardised build and quality standards, including stringent mine-site electrical requirements, and are fully tested and configured for internal remote monitoring and customer-facing Skylink® systems before dispatch.

Skylink® Operating System Fully Deployed Across Enterprise Customers, User Engagement Surges

All enterprise customers are now onboarded to RocketDNA’s proprietary Skylink® operating system, marking a major platform milestone. Monthly active users across Skylink® and the SiteTube® data platform exceeded 1,000 as of 30 June 2026, a 127% increase quarter-on-quarter. Approximately 25,000 flight missions were pre-booked on the platform at quarter-end, indicating strong customer engagement.

Skylink® manages drone operations, data capture, and reporting workflows, while SiteTube® serves as the cloud-based data repository and analytics platform. The rapid growth in active users and pre-booked missions shows these platforms are becoming integral to customer workflows. Embedding drone data directly into mine-planning processes positions Skylink® and SiteTube® as essential infrastructure, supporting RocketDNA’s transition from project-based services to recurring subscription revenue models.

Deswik Integration MOU Provides Strategic Access to Core Mine-Planning Software

Following the quarter, RocketDNA signed a non-binding, non-exclusive memorandum of understanding with Deswik, part of Sandvik's Digital Mining Technologies division, to integrate xBot® survey data on SiteTube® directly into Deswik.CAD mine-planning software. Deswik.CAD is widely used by tier-one and major mining companies as a core mine-planning tool.

This integration will enable seamless flow of autonomous drone survey data and processed outputs into mine-planning workflows without manual data transfers or format conversions. Management emphasizes this as a critical step to embed RocketDNA’s data into customers’ daily planning systems. The partnership broadens RocketDNA’s customer reach and positions its autonomous drone data as a foundational input for mine planning. The non-exclusive nature of the MOU suggests potential future integrations with other major software vendors as part of a broader ecosystem strategy.

Recurring Revenue Growth Driven by xBot® Services Strengthens Business Model

xBot® recurring revenue grew 25% quarter-on-quarter, representing the fastest-growing segment of RocketDNA’s revenue mix. This recurring revenue stems from ongoing paid service agreements with enterprise customers operating xBot® systems continuously or on scheduled missions. Growth drivers include the scaled BMA deployment, increased utilisation at existing sites, and more xBot® systems transitioning to paid service arrangements.

The shift toward a recurring revenue model marks a critical evolution in RocketDNA’s business maturity. Moving from project or trial deployments to subscription-based services enhances revenue stability and customer lifetime value. The 25% growth in recurring revenue indicates strong momentum. Management’s focus is on converting proof-of-concept deployments into deeper recurring revenue, expanding usage at existing sites, and extending data value. This approach prioritizes deepening customer penetration before aggressive new customer acquisition.

Manufacturing Capacity Expansion Supports Growing Deployment Pipeline and Mitigates Supply Constraints

During the quarter, RocketDNA expanded manufacturing capacity by engaging two additional suppliers for assembling xBot® systems and remote power hardware. Previously, supply-chain capacity posed a potential bottleneck for deployment pace. The expanded supplier network now enables assembly of up to 24 units monthly worldwide, subject to component lead times, providing headroom for pipeline growth.

Choosing multiple external suppliers over in-house manufacturing aligns with RocketDNA’s asset-light operational model. This approach reduces capital intensity while maintaining strict build and quality control standards. All units comply with RocketDNA’s standardised specifications, including mine-site electrical requirements, and undergo full testing and configuration for remote monitoring and Skylink® integration before dispatch. This scalable manufacturing strategy supports profitability as sales volumes increase.

Strong Market Positioning and Competitive Edge in Autonomous Mining Technology

RocketDNA operates in the autonomous mining technology sector, delivering integrated drone survey, data processing, and mine-planning solutions to tier-one and major mining companies. Its competitive advantages include automated data capture via xBot® systems, proprietary software for processing and reporting, and the ability to scale and integrate with leading customers and industry software providers. Broad-area regulatory approvals and embedded deployment processes enable rapid, multi-site deployments and accelerated customer value realization.

The sector demands real-time, high-resolution site data to optimize mine planning, operational efficiency, and safety. Autonomous drones meet this need by providing on-demand data capture without exposing personnel to hazardous environments. RocketDNA’s focus on seamless integration with customer workflows—highlighted by the Deswik partnership—demonstrates its emphasis on software interoperability as a key differentiator. Its tier-one customer base, including BHP Mitsubishi Alliance, Sibanye Platinum, Whitehaven Coal, Norton Gold Fields, and Fenix Resources, underscores the company’s credibility and differentiation in a rigorous market.

Outlook and Strategic Focus on Deepening Recurring Revenue and Customer Penetration

Management commentary highlights RocketDNA’s strategic priorities: converting operational proof-of-concept deployments into deeper recurring revenue streams, expanding usage at existing customer sites, and enhancing data value through ecosystem integrations. The company plans to focus on deepening penetration with current customers before pursuing significant new customer acquisition, reflecting a disciplined resource allocation strategy.

Upcoming milestones include finalizing the Deswik integration into a definitive commercial agreement, expanding xBot® deployments across BMA operations and other tier-one sites, advancing pipeline opportunities in mining and related sectors, and increasing SiteTube® and Skylink® adoption among customer teams. With positive cash flow and a $2.70 million cash balance, RocketDNA is well-positioned to fund working capital and growth initiatives without immediate capital raises. Investors should watch recurring revenue growth, system utilisation, customer retention and expansion, and progress on the Deswik integration as key indicators of the company’s transition toward a sustainable, cash-generative business model.