Pinned straw:
Shares in Droneshield catching a bit of a bid this morning after they announced the release of their latest product -- DroneSentry-X Mk2
No indication of what this means financially -- they'll just have to wait and see what the take up is like. But good to see some output from all the R&D and the timing of the release ahead of the AUSA 2023 expo can't hurt.
Not sure the news warrants a 10% jump in the share price? But I've long given up trying to find reason in daily share price movements.
ASX announcement here
Agree that it may not deserve a 10% jump in share price. Can't help but think that other (deeply terrible) macro factors going on around the world also played into the bump in share price yesterday.
Xtek (XTE) also saw a jump of 10% at different stages yesterday, however, this may have also been caused by something else.
Its a better part of the product suite for attaching the SaaS revenue to than the guns so I'm optimistic about its impact on overall DRO valuation (which in spite of 10% bump still isn't back at the capital raise yet)
Looks like a bit of an all-in one device with both detect and defeat and I notice it includes the GNSS Disruption (i.e. GPS etc) that they announced on their 2 August ASX release as a paid R&D project so that's pretty interesting to see how quickly they are commercialising R&D if its the same stuff.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02693285-2A1464162?access_token=83ff96335c2d45a094df02a206a39ff4
DISC: Held IRL and Strawman