Delta Drone International Ltd (ASX:DLT) delivers drone-based data service and technology solutions to the mining, agricultural and engineering sectors. It provides aerial surveying, mapping and surveillance, including blast-monitoring and fragment analysis, through a fully-outsourced service with AI. The company has secured long-term contracts with a growing list of multi-national mining and agricultural companies. During Q3 CY22, 40% of its revenue was contracted and recurring while another 26% is expected to re-occur. This was up from 29% contracted in Q2. Delta Drone is extending its services from data capture to data analysis, detection and reporting on land assets from a geo-spatial perspective. Mining companies are using its services to meet their ESG requirements on issues such as tailings management while agricultural companies utilise its services to monitor precision farming techniques.
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Contract values on the increase
Delta Drone International Ltd (ASX:DLT) delivers drone-based data service and technology solutions to the mining, agricultural and engineering sectors. It provides aerial surveying, mapping and surveillance, including blast-monitoring and fragment analysis, through a fully-outsourced service with AI. The company has secured long-term contracts with a growing list of multi-national mining and agricultural companies. During Q3 CY22, 40% of its revenue was contracted and recurring while another 26% is expected to re-occur. This was up from 29% contracted in Q2. Delta Drone is extending its services from data capture to data analysis, detection and reporting on land assets from a geo-spatial perspective. Mining companies are using its services to meet their ESG requirements on issues such as tailings management while agricultural companies utilise its services to monitor precision farming techniques.