Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An announcement from Elsight Ltd. ( (AU:ELS) ) is now available.
Elsight Limited has expanded its supply agreement with a European defense OEM, securing an additional contract worth US$5.35M, bringing the total commitment to US$9.63M for 2025. This expansion is expected to drive Elsight to profitability and cash flow break-even in 2025, highlighting the strategic importance of its Halo connectivity platform in modern defense operations. The company’s technology is gaining accelerated adoption due to its critical role in enabling unmanned defense capabilities, amidst a global shift towards increased defense budgets and infrastructure deployments.
More about Elsight Ltd.
Elsight Limited is a carrier-agnostic connectivity solutions company specializing in providing advanced communication technologies. The company focuses on the defense industry, offering critical enablers for unmanned defense capabilities, particularly through its Halo connectivity platform, which integrates cellular, RF, and satellite connections.
Average Trading Volume: 269,077
Technical Sentiment Signal: Buy
Current Market Cap: A$117.2M
See more data about ELS stock on TipRanks’ Stock Analysis page.