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RKT - RocketDNA Ltd

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ParaZero specializes in the design, development and manufacturing of drone safety solutions for commercial drones.

The company has developed and patented a safety system for small unmanned aircraft systems (sUAS), such as drones and has commenced selling its technology into various markets around the world including the US, Israel, Japan, France, New Zealand, China and the Netherlands. To date approximately 1,400 units have been sold.

It is anticipated that PRZ will list on the ASX during May 2018.

https://parazero.com
 
On December 10th, 2020, ParaZero Limited (PRZ) changed its name and ASX code to Delta Drone International Limited (DLT).
 
Australia’s first listed drones-as-a-service company Delta Drone International recommenced trading on the ASX today following a merger between drone parachute company ParaZero (ASX :p PRZ) and international drone service provider Delta Drone South Africa. ParaZero shares last traded for 3.6c back in February.

The company raised $5 million at 4.0c a share, giving the company a market capitalisation of $20 million. The combined entity had pro-forma revenue in CY2019 of $5.8 million and a year-on-year historical revenue growth rate of 40 per cent.

Delta Drone provides drone services such as surveying, security and blast monitoring to the mining, agricultural and engineering sectors. It already has business in South Africa, Ghana and Namibia – with customers including South32 and Newmont Mining – and the capital raise will let it expand into Australia and establish an Australian headquarters.

“Australia’s vast mining and agricultural sectors provide an accelerated path to revenue, enabling mining companies to focus on extracting resources out of the ground, while we take care of collecting data from the air,” said Delta Drone International chief executive Chris Clark.
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On June 13th, 2023, Delta Drone International Limited (DLT) changed its name and ASX code to RocketDNA Ltd (RKT).
 
This $7M entity went up a bit during the week and got an ASX query
.
not sure what happened Aug 2023
Screenshot_20240225-095427_CommSec.jpg


3. If the answer to question 1 is “no”, is there any other explanation that RKT may have for the recent trading in its securities?
The Company does not have any other explanation for the recent trading in its securities.
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Screenshot_20240225-095451_CommSec.jpg
 
indeed he has ... especially

While I could see the potential for the stock to become overhyped amongst retail investors seduced by the idea of investing in a drone-related business, I don’t see what the competitive advantage of the business is.
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Last edited:
verce said:
Do you think he is talking about me?! :cautious:
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at least RKT is still trading. lol

and the SP has moved from 0.7c to 1.2c since start of August. They have been picking up a bit of interest in the product offerings, of late:

#1 HIGHLIGHTS
• RocketDNA signs two new contracts for its PatrolBot autonomous surveillance solution
• PatrolBot is a security-specific model of the xBot® solution series, providing autonomous perimeter monitoring and surveillance, ensuring the safety of critical infrastructure and assets
• Total contract value of ~AU$350,000

#2 HIGHLIGHTS
• RocketDNA Ltd selected by the Western Australian Police Force to supply and deliver xBot® drones and associated systems for a 3-year period
• The dollar value of this award is not yet known as there is currently no commitment to order
• The program aims to enhance airborne law enforcement capabilities across the largest State Police jurisdiction in the world, leveraging Beyond Visual Line of Sight operations
• RocketDNA's xBot® drone systems will play a pivotal role in supporting critical law enforcement and public safety operations throughout Western Australia.
 
🚀.. now $0.014

• RocketDNA has received firm commitments for a placement of Shares to raise a total of $2.5m at an issue price of $0.013 per Share
• Additionally, the Company is proceeding with a Share Purchase Plan (SPP) to eligible shareholders to raise a target of $500k
• Capital to be allocated to xBot® production to meet future demand for deployment in mining, security, and infrastructure
• Funds are intended to accelerate the development of the "Drone as First Responder" program and phase 2 of the xBot® platform, opening up further growth in mining, law enforcement, and public safety markets
• Strengthening the balance sheet will enhance working capital, support debt reduction, and position RocketDNA for larger contracts
• The raise supports RocketDNA’s momentum to help expand its market reach across a number of sectors
 
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