The DroneShield Ltd (ASX: DRO) share price is under the spotlight after the company announced a trading update and new CFO.
DroneShield describes itself as a global leader in AI-powered counter-drone and uncrewed, autonomous systems defence.
Trading update
The company’s financial year follows the financial year, so FY26 finishes in December 2026.
Since the release of the FY26 half-year result, its committed revenue has grown to $251 million and is now within the FY26 revenue outlook range of between $250 million to $270 million.
DroneShield said that this milestone reflects continued conversion of global demand into contracted revenue.
The ASX share also noted that committed revenue for FY27 and beyond is currently at $46 million.
Additionally, the company said that it has accepted the first order for its recently released, AI-enabled RfRecon, which will see hardware deployed to an existing Western European military end-user by the end of 2026. While not a major contract, DroneShield said that it’s an important validation of the company’s next-generation counter-drone solutions.
New chief financial officer
The company announced that Rebecca Lowde will join DroneShield as the new chief financial officer (CFO) on 2 November 2026 following the departure of Carla Balanco.
Lowde has three decades of experience across CFO, CEO and enterprise leadership roles. DroneShield said she has expertise across transformation, capital management, M&A, governance, risk and scaling global technology-enabled businesses.
Her most recent role was as the CFO of MYOB, the KKR-owned accounting and business management software provider. DroneShield said she oversaw a debt refinancing and EBITDA growth through product monetisation and expansion, embedded financial services and disciplined cost management.
She was previously CFO and Chief People Officer at Afterpay. She was also CFO and CEO of previously ASX-listed Salmat, and executive director and CFO of Bravura Solutions Ltd (ASX: BVS).
Final thoughts on the DroneShield share price
At the pre-open price, we can see that the business is down more than 50% in the past six months. This means it’s a lot cheaper, yet the ASX share is still growing revenue, so it’s at a much better price-to-revenue ratio than it was before.
I think the business has made a lot of good decisions in the last few months, and it’s a lot cheaper. It’s just hard to say how much more revenue the company can generate on an annualised basis – is there going to be more and more global demand for anti-drone technology? How many more wars can there be? Hopefully not many/none.
I’d be pleased as a shareholder seeing this update, but there are other ASX growth shares that could be better buys.
