The DroneShield Ltd (ASX: DRO) share price sank 48% in November 2025, making it one of the worst painful ASX shares to own during November 2o25.
The business aims to provide customers with counter-drone platforms, technology and AI. Customers include military, intelligence community, government, law enforcement, critical infrastructure and airports.
Massive decline
The business lost the market’s confidence during November, which saw the company’s continued decline following a drop in October. It has now declined 70% since 9 October 2025.
The biggest fall during the month was spurred by the news that a number of leadership and employee figures sold shares during the month.
CEO Oleg Vornik sold all of his DroneShield shares for almost $50 million.
Chair Peter James sold his holding of DroneShield shares for $12.3 million.
Director Jethro Marks sold all of his shares for close to $5 million.
The company also noted that some of its employees sold shares during this period too.
When investors see management sell all of their shares, they may worry that they need to sell their holding as well.
DroneShield noted that the CEO and other directors still have options to buy shares.
The company also announced a lengthy ASX release defending itself.
Later in the month, the company then announced that its US CEO Matt McCrann had resigned from the business, effective immediately.
Were there any positives?
The company did announce a couple of contract wins that were pleasing to see over the month.
For example, it announced a $25.3 million contract from a defence end-customer in a Latin America country.
Towards the end of the month, the company announced a $5.2 million European military contract, which was a follow-on contract as part of a broader roll-out. The reseller is a vetted counterparty that it has worked with for three years. DroneShield has received 12 contracts from the reseller totalling more than $70 million.
Final thoughts on the DroneShield share price
The company has clearly been through enormous volatility and it wouldn’t surprise me if there’s even more ups and downs during December. I wouldn’t bet on whether the company will deliver a positive or negative return in the final month of the year.
If the company continues winning new contracts and delivering positive cashflow, then it may eventually regain the market’s confidence, but it could take some time.
For now, there are other ASX growth shares that I’d look at with just as much growth potential, but where there’s a lot less negative market attention and the company’s outlook seems more clear and positive.
