Anonymous Investor's questions to DroneShield Ltd (DRSHF) leadership • FY 2024
Question
An investor asked about DroneShield's timeline to profitability, the reasons for the fiscal year 2024 net loss, and the key drivers of the current operating expense run-rate.
Answer
CEO Oleg Vornik explained that while no formal guidance is issued, the company's high gross margin means a relatively small revenue increase could lead to profitability. The recent $1 million loss was attributed to a significant investment in scaling staff from approximately 90 to 275 people. He noted the current monthly cash cost base of over $5 million is driven by this expanded team and associated R&D and sales support costs.