RocketDNA (ASX:RKT) has announced significant progress in the September 2024 quarter. The company secured four new contracts worth $3.521 million, increasing its total contract value to $6.333 million. RocketDNA expanded into the law enforcement sector and secured a $1 million debt facility to fuel growth.
RocketDNA has achieved key milestones in the September 2024 quarter, including securing new contracts and expanding into the law enforcement sector. With a $1 million debt facility, the company aims to accelerate its growth initiatives, including deploying AI-enabled xBot® drones. RocketDNA's financial position has strengthened, with a cash balance of $1.631 million and a focus on enhancing security operations with its PatrolBot solution. The company is poised to leverage its expanded presence and resources to continue innovating in the autonomous drone technology sector.
The strategic importance of the new contracts and partnerships highlights RocketDNA's growing influence in the autonomous drone market.