Elsight Ltd. ( (AU:ELS) ) has issued an announcement.
Elsight Limited reported a record-breaking Q1 2025 revenue of USD $1.020 million, marking a 64% increase over Q1 2024 and a 113% rise from Q4 2024. This growth is attributed to a diverse customer base and significant orders, including a major USD $4.28 million order from a European defense OEM. The company’s strategic expansion into larger revenue orders and diverse market sectors positions it for continued growth, with defense revenues comprising 73% of the total. A small AUS $1M loan was secured to support working capital needs due to upcoming large projects.
More about Elsight Ltd.
Elsight Limited (ASX: ELS) is a carrier-agnostic, AI-powered connectivity solutions company. It focuses on providing scalable connectivity solutions across various sectors, including defense, public safety, logistics, and infrastructure.
YTD Price Performance: 8.11%
Average Trading Volume: 59,879
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$72.42M
For a thorough assessment of ELS stock, go to TipRanks’ Stock Analysis page.