I can only hope people do some research and wake up to the fundamentals here. Crazy that the market hasn’t reacted to this.
NGL - Nightingale Intelligent Systems
- Thread starter System
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North America Drone Surveillance Platform Market Future Scope, Demands and Projected Industry Growths to 2029
"Drone Surveillance Platform Market Outlook 2023-2029 A brand-new report about the Drone Surveillance Platform Market talks about what the market is like, how it might affect the economy in the future, who's competing to make things, how much is being made, and how much is being used. The market res
Aerodyne Group
https://www.cbinsights.com/company/aerodyne-group/financials
Aerodyne Group has raised $60M over 9 rounds.
Aerodyne Group's latest funding round was a Bridge for $30M on September 26, 2022.
Airobotics
https://www.cbinsights.com/company/airobotics/financials
Airobotics has raised $91.02M over 6 rounds.
Airobotics's latest funding round was a Acquired for on July 5, 2022.
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https://www.cbinsights.com/company/azur-drones/financials
Azur Drones has raised $36.25M over 8 rounds.
Azur Drones's latest funding round was a Series C for $8.92M on January 27, 2022.
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https://www.cbinsights.com/company/cyberhawk-innovations/financials
Cyberhawk Innovations has raised $4.73M over 4 rounds.
Cyberhawk Innovations's latest funding round was a Acq - Fin for on March 28, 2019.
Sharper Shape
https://www.cbinsights.com/company/sharper-shape-oy/financials
Sharper Shape has raised $21.25M over 4 rounds.
Sharper Shape's latest funding round was a Secondary Market for on November 8, 2022.
FlyGuys
https://www.cbinsights.com/company/flyguys/financials
FlyGuys has raised $15.8M over 4 rounds.
FlyGuys's latest funding round was a Series A - III for $10M on October 25, 2023.
Sensyn Robotics
https://www.cbinsights.com/company/sensyn-robotics/financials
Sensyn Robotics has raised $46.12M over 16 rounds.
Sensyn Robotics's latest funding round was a Debt - II for $14.88M on November 1, 2023.
Sunflower Labs
https://www.cbinsights.com/company/sunflower-labs/financials
Sunflower Labs has raised $16.03M over 6 rounds.
Percepto
https://www.cbinsights.com/company/percepto/financials
Percepto has raised $138.6M over 9 rounds.
Percepto's latest funding round was a Series C for $50M on June 12, 2023.
Country Lad
Off into the sunset
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Sounds good - "30% of current year". Now up 4% and $4,000 odd value traded with no momentum. Market obviously thought 30% of very little is even littler.
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The trend has moderately changed for the better, however, don't give up the day job just yet.
Are New York’s finest now New York’s most autonomous? Ask Nightingale Intelligent Systems
The largest police department in the United States is set to unveil a squadron of drones that will act as first responders to scenes across the city, powered by
thesentiment.com.au
Thank you. There were no insights to be had. Just a bit of German PR.
One thing I missed which was hidden away in the Q1 2023 Quarterly Activity Report and Appendix 4C:
CSL Seqirus: Nightingale has signed an agreement with CSL Seqirus, a subsidiary of CSL, the Australian global biotechnology company. Under the agreement, Nightingale will deploy its flagship Blackbird Security Drone, together with the Base Station and Intelligent Mission Control Software to meet the security, surveillance and inspection needs of one of CSL Seqirus’ key pharmaceutical laboratories in the USA. The Robot-as-a-Service deal is an annual subscription for an initial location in the USA, with additional locations to be discussed once the system is operational.
CSL Seqirus: Nightingale has signed an agreement with CSL Seqirus, a subsidiary of CSL, the Australian global biotechnology company. Under the agreement, Nightingale will deploy its flagship Blackbird Security Drone, together with the Base Station and Intelligent Mission Control Software to meet the security, surveillance and inspection needs of one of CSL Seqirus’ key pharmaceutical laboratories in the USA. The Robot-as-a-Service deal is an annual subscription for an initial location in the USA, with additional locations to be discussed once the system is operational.
Garpal Gumnut
Ross Island Hotel
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@verce I can see why your are sticking with this little puppy. I just wonder why has the SP kept dropping?
One reason I believe is that every man and her dog are out there making drones.
gg
One reason I believe is that every man and her dog are out there making drones.
gg
Sean K
Moderator
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@verce how much are these things? Looks like it's just a drone you could buy at Kmart for a hundred bucks. Does look like it might be a little better than a DJI I guess with the magic words letters AI being thrown around.
Not sure about 'can't go any lower'. MC of about $4m, so it could go into administration and go to zero too I suppose. Or, maybe they get a UAV contract with the Houthis for a model that drops bombs and it'll take off.
department13.com
Not sure about 'can't go any lower'. MC of about $4m, so it could go into administration and go to zero too I suppose. Or, maybe they get a UAV contract with the Houthis for a model that drops bombs and it'll take off.
Blackbird robotic aerial security drones take flight in Australia with Department 13 partnership - Department 13
Department 13 International has teamed up with US drone hardware expert Nightingale Security to bring the game-changing Blackbird…
department13.com
I suspect people are getting bored and bailing. News flow could be improved. And there is always the spectre of a capital raising looming in this end of the market. I like tiny companies that are totally ignored and sometimes severely punished by the market, but they need to have a tight capital structure (definitely not billions of shares on issue), well-incentivised management with skin in the game, and preferably some good macro tailwinds behind them (like the AI trend at the moment).
What is the worst thing that can happen if I continue to hold this stock? It goes to zero as some suggest. But I believe that management have the capability to turn it around. They are still achieving milestones. Like a duck that seems like it is idling about on the water, but is actually furiously paddling beneath with purpose.
@verce how much are these things? Looks like it's just a drone you could buy at Kmart for a hundred bucks. Does look like it might be a little better than a DJI I guess with the magic words letters AI being thrown around.
Not sure about 'can't go any lower'. MC of about $4m, so it could go into administration and go to zero too I suppose. Or, maybe they get a UAV contract with the Houthis for a model that drops bombs and it'll take off.
Blackbird robotic aerial security drones take flight in Australia with Department 13 partnership - Department 13
Department 13 International has teamed up with US drone hardware expert Nightingale Security to bring the game-changing Blackbird…
Appreciate the perspective Sean. Your concerns are valid. However, calling it a $100 Kmart drone suggests to me that I’m still early and people aren’t conducting sufficient due diligence on the company’s fundamentals.
Sean K
Moderator
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Yes, I was being a bit sarcastic about what it delivers but still interested in the price. I haven't been able to find a cost of the units. You're definitely early enough with just a $4m MC.
Hi Peter
I don't have an exact figure for you, but I personally estimate the Blackbird drones cost between 50k USD and 150k USD. This includes the drone itself and the base station ('drone-in-a-box').
However, there is also annual recurring revenue in the form of maintenance, support and upgrades. So it's a robot-as-a-service kind of package. I think the software + AI they have on-board is the real differentiator here.
To quote the CEO:
"The more our drones operate over time, the more they learn about the operational environment so they can better differentiate between threats and nonthreats. It’s kind of like piano lessons; the more you learn, the better player you become."
They also have leasing as another option, which I think is paid out on a monthly basis / or as contratually negotiated with each customer.
They are currently in a 'land and expand' phase at the moment, which is all about getting their foot in the door before scaling up revenue.
Happy to answer any further questions!
Brochure is worth a look - that D13 link isn't great.
