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Electro Optic Systems Holdings Limited ( (AU:EOS) ) has issued an announcement.
Electro Optic Systems Holdings Limited (EOS) announced an expected revenue of $40 to $45 million for the first half of 2025, which includes $12 million from a finalized contract in the Middle East. The company anticipates receiving $60 million in cash from this contract soon. EOS’s full-year revenue is projected to be stronger in the second half, supported by a contract backlog of $170 million and potential new contracts. The company aims to expand its contract backlog by capitalizing on strong market conditions and increased demand for its counter-drone products.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
More about Electro Optic Systems Holdings Limited
Electro Optic Systems Holdings Limited (EOS) operates in the defense industry, focusing on the development and sale of advanced technology products such as counter-drone systems. The company is positioned in markets where defense spending is increasing, driven by geopolitical tensions and conflicts.
YTD Price Performance: 109.27%
Average Trading Volume: 1,503,604
Technical Sentiment Signal: Buy
Current Market Cap: A$522.9M
Find detailed analytics on EOS stock on TipRanks’ Stock Analysis page.