DroneShield Ltd Quarterly Activity Report (ASX: DRO)

Quarterly activity report

Sydney, October 26, 2021 AEST (ABN Newswire) – DroneShield Limited (ASX: DRO) (FRA: HRD) (OTCMKTS: DRSHF) is pleased to release its Trade Update and Schedule 4C for the three-month period ended September 30, 2021.

Strong points

– Customer receipts for 3Q21 up 800% compared to 3Q20, to $ 1.7 million.

– Total cash inflows for the quarter of $ 2.8 million, including $ 1.1 million in grants received.

– Total cash receipts from January to September 2021 up 400% compared to January-September 2020, to $ 12.2 million.

– Several first sales with government end customers in the United States, Europe and Brazil, as well as repeat sales in the United States, United Kingdom, Australia and South East Asia.

– While defense and government agencies account for the majority of sales, other initial deployments included a prison, an airport, and an oil and gas facility.

– Bank balance at September 30, 2021 at $ 12.1 million, with monthly gross outflows (before income) of approximately $ 1 million / month.

To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/7X04CTQ6

About DroneShield Ltd

DroneShield

DroneShield Ltd (ASX: DRO) (OTCMKTS: DRSHF) is an Australian publicly traded company with its head office in Sydney and teams in the US and UK. We specialize in RF sensing, artificial intelligence and machine learning, sensor fusion, electronic warfare, rapid prototyping and MIL-SPEC manufacturing.

Our capabilities are used to protect the military, governments, law enforcement, critical infrastructure, businesses and VIPs around the world.

With our team of engineers primarily based in Australia, we provide our customers with tailor-made solutions and ready-to-use products designed to suit a variety of land, sea or airborne platforms.

DroneShield proudly exports Australian capabilities to customers around the world and supports Australia’s defense, national security and other organizations to protect people, critical infrastructure and vital assets.

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Sara H. Byrd

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