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DroneShield Posts 6.3% Revenue Growth, Eyes $1.2B Pipeline for 2025
8:32am on Wednesday 29th of January, 2025 AEDT
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Defense Technology
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DroneShield Posts 6.3% Revenue Growth, Eyes $1.2B Pipeline for 2025
8:32am on Wednesday 29th of January, 2025 AEDT
Key Points
2024 revenue grew 6.3% to $57.5 million despite slower project completions
SaaS revenue doubled to $2.8 million, reflecting growing software demand
$33.4 million contracted backlog expected to convert in first half of 2025
Strong $1.2 billion sales pipeline with multiple large deals in progress
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