DroneShield H1 2026 slides: record revenue up 74%, recurring income triples

DroneShield Limited reported record revenue growth of 74% in the first half of 2026, driven by the increasing importance of counter-drone technology in defense spending. The company's recurring revenue tripled to $11.5 million, accounting for 9.2% of total revenue, up from $3.5 million in the same period last year. While gross margin compressed to 60.0% due to inventory impairment, the company maintains a strong balance sheet with $180 million in cash and zero debt.

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