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Elsight Ltd. ( (AU:ELS) ) has issued an announcement.
In 2024, Elsight saw a 32% revenue increase to $2 million, largely due to a strategic refocus on the defense sector, which now accounts for 51% of its revenue. The company added major defense contractors to its portfolio and expanded market penetration through partnerships and new customer acquisitions, setting a promising stage for future revenue growth, particularly in the defense sector.
More about Elsight Ltd.
Elsight Limited (ASX: ELS) specializes in carrier-agnostic, AI-powered connectivity solutions primarily focused on the defense sector. The company serves a diverse market, including aerospace, defense, public security, and commercial sectors, with growing interest from global players.
YTD Price Performance: -20.27%
Average Trading Volume: 29,191
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$53.41M
For a thorough assessment of ELS stock, go to TipRanks’ Stock Analysis page.
