RocketDNA Reports 21% Surge in Quarterly Revenue and Achieves Global Expansion Milestone, Shares React

January 23, 2025 12:14 PM AEDT | By Team Kalkine Media

RocketDNA Reports 21% Surge in Quarterly Revenue and Achieves Global Expansion Milestone, Shares React — Image source: shutterstock

Financial and Operational Performance

RocketDNA reported its strongest quarter yet, with December 2024 revenue reaching $2.061 million—up 21% quarter-on-quarter. Annual revenue for 2024 increased 18% compared to FY2023, showcasing the company’s solid growth trajectory.

Driving this success were strong project revenues, increased xBot® hardware deliveries, and ongoing customer transitions to paid xBot® arrangements following proof-of-concept trials.

The company also raised $3.380 million through a Share Placement and oversubscribed Share Purchase Plan, including $400,000 from major shareholder Altor Capital, expected in early 2025. The funds will be used to scale xBot® production, enhance the “Drone as First Responder” program, and expand across sectors like mining, security, law enforcement, and public safety.

RocketDNA ended the quarter with $3.406 million in cash, providing a robust foundation to support its strategic objectives.

Global Expansion Milestone

RocketDNA’s first international export of the xBot® autonomous drone platform to the Kamoa Copper Mining Complex in the Democratic Republic of Congo (DRC) is a pivotal moment in the company’s history. The partnership with Kamoa Copper, one of the largest high-grade copper mining operations globally, validates RocketDNA’s ability to deliver scalable drone solutions in demanding environments. The xBot® platform will perform critical inspections and emergency response tasks at the mining complex.

Strategic Partnerships and Market Impact

While Anglo American ceased the security monitoring services portion of its contract with RocketDNA in December 2024, the retained surveying component highlights the ongoing value of the company’s technology. This partnership remains a testament to RocketDNA's ability to meet enterprise-level needs.

The release of the quarterly update had an immediate impact on the market, with RocketDNA’s share price jumping nearly 23% to 1.3 cents as of 23 January, 2025.

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