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DroneShield Full Year 2023 Earnings: EPS Beats Expectations

DroneShield (ASX:DRO) Full Year 2023 Results

Key Financial Results

  • Revenue: AU$54.7m (up 224% from FY 2022).

  • Net income: AU$9.33m (up from AU$949.3k loss in FY 2022).

  • Profit margin: 17% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.

  • EPS: AU$0.02 (up from AU$0.002 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

DroneShield EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 122%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Global Aerospace & Defense industry.

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Performance of the market in Australia.

The company's shares are down 8.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - DroneShield has 2 warning signs we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.