Droneshield (ASX:DRO) Share Price Surges Post Quarterly Report Release

  • October 29, 2020 07:37 PM AEDT
  • Team Kalkine

The DroneShield Limited (ASX:DRO) share price gained as much as 14% following the release of its quarterly report for FY21.

26th feb webinar mtf mobile

For the quarter period ending 30 September, DroneShield registered a strong upshot, despite COVID-19 impacts on all areas of business.

The company announced a transformative capital raise of $17 million in its quarterly report.

Further, the company stated that it has received multiple orders from a range of European, United States, Australian and other states contributing to $5.2 million in orders. Majority of these orders are expected to be delivered in the current quarter.

However, shipments and payments were affected in the short-term by COVID-19, with $0.4 million in operational cash inflows, in October alone, $0.8 million has been received so far, doubling the previous quarter.

Meanwhile, the DRO shares were trading at $0.195 per share, up by 14.705% on 29 October 2020.


The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK