Financial News, Analysis and Data, FNArena

FNArena

Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

Equity Bottom-Up

<ul><li>Update on changes to and revisions of analysts' Best Ideas and Conviction Calls, as well as Model Portfolio compositions</li></ul>

Update on changes to and revisions of analysts' Best Ideas and Conviction Calls, as well as Model Portfolio compositions

Rudi's View: Charter Hall, Droneshield, Pinnacle, WiseTech & More

Thematic (Sector/Industry)

<ul>
<li>The RBA threw a spanner in the markets' almost universally anticipated -25bps rate cut, but both ASX200 and the AUD recovered to the previous day's levels.</li>
<li>The RBA will now cut in August, right?</li>
<li>After a muted overnight session, with more Trump tariff rumblings on copper and pharmaceuticals, the ASX200 futures suggest a slightly softer start to Wednesday.</li>
</ul>


The RBA threw a spanner in the markets' almost universally anticipated -25bps rate cut, but both ASX200 and the AUD recovered to the previous day's levels.
The RBA will now cut in August, right?
After a muted overnight session, with more Trump tariff rumblings on copper and pharmaceuticals, the ASX200 futures suggest a slightly softer start to Wednesday.


The Overnight Report: Copper & Pharma Fright

External broker reports(aggregated public sources), Morrison Securities

Morrison Securities

External broker reports(aggregated public sources)

Morrison Securities Pty Limited specialise in providing white labelled trading solutions to Broker Dealers where we provide wholesale stock broking solutions to AFSL holders such as financial planners, financial advisors, banks, building societies and trading educators. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<div><div><div><div><ul><li>DroneShield (DRO) reported a largely pre-released CY24 result, delivering 6% year-on-year revenue growth to $57.5 million.</li><li>However, operational scaling presented hurdles, with EBITDA of -$8.6 million, slightly missing our forecast of -$8.0 million due to higher-than-expected operating expenses.</li><li>A $5.5 million income tax benefit helped narrow the net loss to - $1.3 million, outperforming our previous estimate of -$4.8 million. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

DroneShield (DRO) reported a largely pre-released CY24 result, delivering 6% year-on-year revenue growth to $57.5 million.However, operational scaling presented hurdles, with EBITDA of -$8.6 million, slightly missing our forecast of -$8.0 million due to higher-than-expected operating expenses.A $5.5 million income tax benefit helped narrow the net loss to - $1.3 million, outperforming our previous estimate of -$4.8 million. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DroneShield (DRO) Delivers Solid Revenue Growth but Faces Scaling Challenges

<ul><li>DroneShield (DRO) delivered a largely pre-released result for CY24, with a 6% YoY revenue growth to $57.5 million, but faced challenges in scaling operations.</li><li>EBITDA of -$8.6 million missed our estimate (-$8.0 million) due to higher operating expenses.</li><li>The better-than-expected net loss of -$1.3 million was due to a $5.5 million income tax benefit, leading to a more favourable outcome compared to our previous projection of -$4.8 million. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

DroneShield (DRO) delivered a largely pre-released result for CY24, with a 6% YoY revenue growth to $57.5 million, but faced challenges in scaling operations.EBITDA of -$8.6 million missed our estimate (-$8.0 million) due to higher operating expenses.The better-than-expected net loss of -$1.3 million was due to a $5.5 million income tax benefit, leading to a more favourable outcome compared to our previous projection of -$4.8 million. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DRO Annual Report 2024: Scaling Innovation and Global Expansion in Counter-Drone Technology

External broker reports(aggregated public sources), Bell Potter Securities

Bell Potter

Bell Potter Securities

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to individuals, institutions and corporations. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Bottom-line earnings miss to BPeDRO recorded revenue from customers of $23.3m (+106% vs pcp) during the 1H24, -3% below BP estimates.</li><li>Gross margin (71.6%) was largely in-line with BPe however opex (-$22.7m) was materially greater than our estimates (-$18.5m) and was the primary reason for the miss at the bottom line.</li><li>This included share-based payment expenses of -$2.7 million, an increase of 207% relative to 1H23 of -$0.8m.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Bottom-line earnings miss to BPeDRO recorded revenue from customers of $23.3m (+106% vs pcp) during the 1H24, -3% below BP estimates.Gross margin (71.6%) was largely in-line with BPe however opex (-$22.7m) was materially greater than our estimates (-$18.5m) and was the primary reason for the miss at the bottom line.This included share-based payment expenses of -$2.7 million, an increase of 207% relative to 1H23 of -$0.8m.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DroneShield Limited (DRO): A game of two halves

Australia

DroneShield Limited provides drone detection technology. The Company offers analysis, identification, and alerts solutions. DroneShield serves the detention, airport, government, commercial, and infrastructure sectors.

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DroneShield Ltd (DRO AU)

Rudi's View: Charter Hall, Droneshield, Pinnacle, WiseTech & More

Update on changes to and revisions of analysts' Best Ideas and Conviction Calls, as well as Model Portfolio compositions

FNArena

The Overnight Report: Copper & Pharma Fright

The RBA threw a spanner in the markets' almost universally anticipated -25bps rate cut, but both ASX200 and the AUD recovered to the previous day's...

FNArena

DroneShield (DRO) Delivers Solid Revenue Growth but Faces Scaling Challenges

DroneShield (DRO) reported a largely pre-released CY24 result, delivering 6% year-on-year revenue growth to $57.5 million.

Morrison Securities

DRO Annual Report 2024: Scaling Innovation and Global Expansion in Counter-Drone Technology

DroneShield (DRO) delivered a largely pre-released result for CY24, with a 6% YoY revenue growth to $57.5 million, but faced challenges in scaling...

Morrison Securities

DroneShield Limited (DRO): A game of two halves

Bottom-line earnings miss to BPeDRO recorded revenue from customers of $23.3m (+106% vs pcp) during the 1H24, -3% below BP estimates.

Bell Potter

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