DroneShield Added to the S&P/ASX All Ordinaries Index
DroneShield added to the S&P/ASX All Ordinaries Index by S&P Dow Jones Indices.
Follows on the 2023 record results announced last week, with $55 million revenue and $9 million profit.
DroneShield is pleased to announce it has been added into the S&P/ASX All Ordinaries Index.
The addition was announced by S&P Dow Jones Indices, a division of S&P Global, on 1 March 2024, with effect prior to the open of trading on 18 March 2024, as a result of March quarterly review.
Oleg Vornik, DroneShield CEO, commented: “DroneShield continues its rapid progress, having established its position as a pioneer and global leader in the rapidly expanding counterdrone sector. Last week, we have announced record 2023 performance with $55 million revenue and $9 million profit after tax, our first profitable year. We are well positioned for 2024 and beyond, with a $510 million pipeline and $30 million contracted backlog.”
“This most recent news of addition into the All Ordinaries Index, as our market capitalisation and daily liquidity continue to rapidly rise, is expected to be further highlight our story to a number of institutional and retail shareholders, adding to the existing base of over 11,000 existing investors in DroneShield.”
Image: DroneShield products at the Enforce Tac exhibition in Germany, held late February 2024