In its 10 November 2026 investor webinar, RocketDNA (ASX: RKT) outlined that xBot recurring revenue exceeded 50% of group revenue for the first time in the September 2026 quarter. The presentation positioned the company’s managed autonomy model as the driver of a shift from hardware and legacy drone services toward recurring income.
Management reported 25 xBots on paid monthly service, with 21 more in the pipeline. September-quarter revenue was $2.46M, up 31% on the same quarter last year.
Recurring revenue passes half of group revenue for RocketDNA
Headline metrics highlighted in the presentation included:
- 25 xBots earning monthly fees on customer sites, with 21 in the pipeline
- $2.46M September-quarter revenue, up 31% on the same quarter last year
- 1,500+ monthly active users logging into SkyLink and SiteTube
Management said BMA runs xBots across 4 Queensland sites, while 5 more Tier 1 miners have live trials. The presentation featured this comment from BMA’s Head of Geospatial:
Head of Geospatial, BMA
“10 minutes later, you’ve got the flight going, 20 minutes later you’ve got the imagery.”
How managed autonomy works
Managed autonomy means the customer schedules a mission, RocketDNA monitors it, and the data lands in the cloud for everyone on site. The presentation described four steps:
- SkyLink: anyone on site can schedule a flight, with no drone licence needed.
- Remote Operations Centre: RocketDNA pilots plan the mission and supervise every flight.
- xBot: a drone in a weatherproof docking station, installed once, which launches, flies the mission and lands itself.
- SiteTube: maps, 3D models, videos and photos are uploaded automatically for the whole team to use.
Management described a bottleneck on most sites today, where one licensed pilot plans and flies by hand and every team’s request queues behind the survey team. With an xBot, flights run on schedule or request, and survey, mine planning, geology, environment, operations and security teams can all use the data.
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One installed xBot, four revenue streams
The presentation framed each layer of the stack as a product in its own right, with the layers together delivering a finished outcome.
| Layer | Name | Revenue Model |
|---|---|---|
| Data and applications | Finished outcomes such as automated surveys or inspections | Sold as a separate service |
| Software | SkyLink and SiteTube | Licensing fee |
| Remote operations | Remote Operations Centre | A fee per mission |
| Hardware | xBot | Sold or leased |
Management said the stack is why revenue per xBot grows without adding hardware. In the automated surveys example, the xBot flies the pit on schedule, and automated photogrammetry processing turns imagery into maps, terrain models and change detection, delivered into the customer’s mine-planning software. A Deswik integration is in progress.
The company pointed to its competitive moat:
- 60,000+ missions of operating experience since 2012
- Four global operations centres
- 20+ enterprise customers
- Approvals and assurance supporting remote enterprise operations
Financial results and funding
September-quarter performance
Revenue for the September quarter was $2.46M, up 31%. FY26 year-to-date revenue for the 9 months to 30 September 2026 (the company defines FY as the calendar year) was $7.5M, which the company said is 97% of full-year FY25 revenue.
| Metric | Jun 2026 | Sep 2026 | Change |
|---|---|---|---|
| Monthly recurring revenue | $615K | $665K | +8% |
| xBots in pipeline | 15 | 21 | +40% |
| Monthly active users | 1,067 | 1,500+ | +50% |
| Pre-booked flight missions | ~25,000 | ~25,700 | +3% |
Cash position and placement
Net operating cash flow was ($371K) after two positive quarters (Q1 +$62K, Q2 +$60K). The quarter included investment in the xBot fleet ($837K) and software ($368K).
Cash at 30 September was $975K, and pro forma cash was $3.205M including the October placement.
The October placement raised $2.23M at 2.15c, a 2.4% premium to the last traded price. It was led by major shareholder Daniel Narayan (Sadietilly Capital), whose holding is now 19.5%. No broker was engaged and there were no material fees. Funds are directed to xBot hardware build-out, software engineering, cyber-security accreditation and working capital.
At $0.020 on 9 November 2026, market capitalisation was $26.78M and enterprise value was $24.33M. Total debt was $0.756M as at 30 September 2026. The register showed retail holders at 49.4% and HNW and family office holders at 39.9%.
What management is targeting next
Management listed the following priorities:
- Convert the pipeline, including trials and additional enterprise opportunities.
- Deepen utilisation, with more missions and recurring revenue per installed xBot across existing sites.
- Advance the Deswik and other integrations through testing and implementation.
- Expand SkyLink and SiteTube capabilities.
- Pursue customer expansion through renewals and additional sites within existing enterprise accounts.
- Assess corporate opportunities that complement the business and support top-line growth.
- Focus on operating cash flow and returns from fleet and software investment.
Ready To Learn More About RocketDNA’s xBot Managed Autonomy Model?
With xBot recurring revenue now above 50% of group revenue and 21 more xBots in the pipeline, RocketDNA is shifting toward a scalable, recurring income base. Tier 1 miners such as BMA are already running the platform across multiple sites.
Explore the RocketDNA (ASX: RKT) company profile on StockWire X to see the latest updates, projects and investment insights.