DroneShield Unveils New Software Platform to Secure Future Procurements
DroneShield, a company specialising in drone security solutions, has recently introduced a news software platform. This move is seen as a crucial step towards securing future procurements and driving volume for the company. The stock market has reacted nervously to recent news, reflecting high expectations for the company's performance.
The new software platform is a prerequisite for DroneShield to tap into regular budgets. For investors, the key metrics to focus on are the quality of the backlog, the duration of implementation, and the margins from software-related components. The company's stock has been volatile due to expectation pressure.
DroneShield is expanding its offerings to transition from a project provider to a platform supplier. This shift aims to increase the likelihood of recurring service and update revenues. The company's systems are evaluated and used in critical environments, such as by British government agencies and in the Nexus 20 program for Ukraine. The legitimacy of DroneShield's systems grows with successful testing and evaluations, like the one received by DroneSentry from a British government agency.
DroneShield is also strengthening its AI capabilities. It is expanding its AI model for recognition and classification, increasing its data base, and bolstering its development team with a new center in Adelaide.
DroneShield's new software platform is a significant step towards securing future procurements and driving volume. The company's expansion into critical environments and AI capabilities is expected to increase recurring revenues. Investors should focus on backlog quality, implementation duration, and software-related margins for plannable revenues. The company's stock has been volatile due to high expectations, but successful testing and evaluations in critical environments could boost its legitimacy and performance.
