Droneshield Share Price Doubles in 12 Months.
Droneshield Share Price Doubles – Drone detection and security solutions developer Droneshield’s share price has doubled in the last 12 months and the company is seeking to leverage its growing value to expand.
A new release of Sydney-based Droneshield shares is being undertaken by Peloton Capital and Bell Potter that’s expected to deliver $A9-11 million in capital. The funds raised will be used to build inventory and increase the company’s engineering and sales teams.
The arrangement values the company at $146.3 million on a post-completion market capitalisation basis, which is double last year’s value. The valuation reflects the company’s rapid growth and the certainty that future threats will drive that growth higher.
Droneshield continues to expand on the back of airport and prison security applications, as well as rapidly evolving drone threats exposed by Russia’s invasion of Ukraine. The company recently announced a pair of $11 million orders from unnamed government agencies – likely to be corrections, defence, or law enforcement.
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“Droneshield Share Price Doubles”
