Business
Why the Droneshield (ASX:DRO) share price will be on watch tomorrow
The Droneshield Ltd (ASX: DRO) share price will be on watch tomorrow after the counter-drone equipment maker released its full-year results for FY20 after the market closed.
At the close, Droneshield was flat for the day at 17 cents per share. But it will certainly be interesting to see how the market reacts to the results on Friday morning.
Results indicate growth
Droneshield notched up another record year for revenue in FY20. Customer receipts and research and development (R&D) amounted to a total of $5.4 million in revenue. This equates to a 58% rise in overall revenue compared to FY19.
The company was quick to note that its customers continue to grow in depth and quality. Notably, customers now include the US Air Force, the…
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