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DroneShield Limited ( (AU:DRO) ) just unveiled an announcement.
DroneShield Limited has announced the vesting of 44,455,000 Performance Options following the achievement of a $200 million cash receipts milestone within a 12-month period, verified by their auditor. This milestone positions the company for another record year, and to maintain alignment with shareholders, new performance options will be issued with higher revenue or cash receipt targets of $300 million, $400 million, and $500 million. This incentive structure aims to attract talent and drive company growth while ensuring a focus on long-term strategic goals.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$5.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
More about DroneShield Limited
DroneShield Limited (ASX:DRO) provides Artificial Intelligence-based platforms for protection against advanced threats such as drones and autonomous systems. The company offers bespoke counterdrone and electronic warfare solutions, as well as off-the-shelf products for various platforms, catering to customers including military, intelligence communities, government, law enforcement, critical infrastructure, and airports.
Average Trading Volume: 17,438,920
Technical Sentiment Signal: Buy
Current Market Cap: A$3.35B
Learn more about DRO stock on TipRanks’ Stock Analysis page.