EOS Posts Strong Revenue Growth and Major Supply Deal
Company Announcements

EOS Posts Strong Revenue Growth and Major Supply Deal

Electro Optic Systems Holdings Limited (AU:EOS) has released an update.

Electro Optic Systems Holdings Limited (EOS) reported increased cash receipts from customers at $68.3 million for Q2 2024, a significant rise from both the previous quarter and year. Despite a net cash outflow from operating activities and a reduced cash balance, EOS achieved a 92% hike in unaudited H1 revenue and entered a substantial $104 million cannon supply deal post-quarter. The company anticipates further cash inflows as it continues to progress on large-scale projects, especially from a major Middle Eastern contract.

For further insights into AU:EOS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskElectro Optic Systems Reports Growth and New Contracts
TipRanks Australian Auto-Generated NewsdeskElectro Optic Systems Reports Securities Cessation
TipRanks Australian Auto-Generated NewsdeskElectro Optic Systems Issues New Employee Incentives
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App