Elsight Ltd. ( (AU:ELS) ) just unveiled an announcement.
Elsight Limited has secured a A$1 million loan from a client of Gleneagle Securities to support its medium-term working capital needs. The loan, which is unsecured and carries an interest rate of 9% per annum, will be used to execute the company’s strategy. This financial move is expected to bolster Elsight’s operational capabilities and enhance its market positioning in the connectivity solutions industry.
More about Elsight Ltd.
Elsight Limited is a connectivity solutions company specializing in AI-based multi-link bonding technology. Their flagship product, the Halo, provides robust connectivity for drones and unmanned systems by integrating cellular, satellite, and RF communications. Elsight serves various markets, including military, public safety, delivery, and utilities, leveraging UAV and UAS technologies.
YTD Price Performance: -5.41%
Average Trading Volume: 24,162
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$63.36M
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