• Q1 2025 revenue of $33.5 million, up 102% vs Q1 2024
• $94.4 million of revenue already committed for 2025 delivery
• Significant cash balance of $197 million as of April 14, 2025

DroneShield Limited (ASX:DRO) has released its business update and Appendix 4C for the three-month period ended 31 March 2025. Key highlights include:- Q1 2025 revenue of $33.5 million, up 102% from Q1 2024 and the highest revenue quarter in the company's history. The previous highest quarter was Q3 2023 at $27.7 million, driven by a $33 million contract.- The company has $94.4 million of revenue already either received or under committed Purchase Orders (POs) for 2025 delivery, significantly higher than the $57.5 million in revenue for all of FY2024 (which was an all-time record).- Q1 2025 cash receipts of $16.7 million, up 135% from Q1 2024. The difference between revenues and cash receipts is mostly due to several Q1 deliveries with payments scheduled for Q2.- Q1 2025 SaaS revenues of $1.67 million, up 198% from Q1 2024. SaaS revenues are expected to surge in 2026 with the introduction of next-generation products.- The company has a significant cash balance of $197 million as of April 14, 2025, allowing for ongoing investment in the business, attracting employees, considering acquisitions, and long-term planning.- DroneShield is well-placed to deliver on short notice, with $70 million of inventory by book value, including both completed and in-progress units.- The company has a robust pipeline of $1.6 billion in opportunities, with the largest demand drivers being Europe, Ukraine, Asia, and the US.

DroneShield expects to deliver revenue of at least $94.4 million in 2025, based on committed purchase orders received as of April 14, 2025.

DroneShield is well-positioned for continued growth, with a robust $1.6 billion pipeline of opportunities, a significant cash balance, and a focus on developing next-generation products and SaaS solutions to meet the rapidly evolving drone threat.