3 Australian Penny Stocks With Revenue Over 250 Million

What happened: An article highlighted three Australian penny stocks with revenue over A$250 million: IGO (ASX:IGO), DroneShield (ASX:DRO) and Macmahon Holdings (ASX:MAH), framed around oil price rises and inflation worries. Key numbers: IGO total revenue A$462.9 million, net income A$145.3 million, market cap Why it matters: The article says DroneShield could see a valuation re-rating over 12 to 24 months if it converts its pipeline into multi-year contracts and expands margins, while an unresolved fatality at Fosterville risks tighter oversight and higher compliance costs for Macmahon. Coverage: 3 outlets in 24h

An article highlighted three Australian penny stocks with revenue over A$250 million: IGO (ASX:IGO), DroneShield (ASX:DRO) and Macmahon Holdings (ASX:MAH), framed around oil price rises and inflation worries.

The article says DroneShield could see a valuation re-rating over 12 to 24 months if it converts its pipeline into multi-year contracts and expands margins, while an unresolved fatality at Fosterville risks tighter oversight and higher compliance costs for Macmahon.