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DroneShield has developed acoustic detection sensor systems that alerts the user to approaching drones.

DroneShield launches $5m IPO

A US-founded tech company specialising in counter-drone systems has launched its prospectus for a $5 million initial public offering, with plans to list on the ASX by next month.

DroneShield has engaged Patersons Securities for the offering of 25 million shares at 20 cents each to raise $5 million, with oversubscriptions capped at a further $2 million.

The company has developed acoustic detection sensor systems that alerts the user to approaching drones.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
484thDepartment 13 International-17%-11%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

142nd-Department 13 International$395k
230 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Department 13 International

825thJonathan Hunter$166k
1082ndKathleen Kiernan$98k
1486thAl Teller$41k
Ranked by total remuneration from all listed WA companies

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