Electro Optic Systems Holdings Limited (AU:EOS) has released an update.
Electro Optic Systems Holdings Limited (EOS) has reported a substantial 92% increase in unaudited revenue for the first half of 2024, reaching $142.6 million, with a strong cash balance of $52.2 million as of June 30, 2024. The growth is attributed to the advancement in all business sectors, including significant progress in the delivery of Remote Weapons Systems and expansion in the Space Technologies division. Additionally, EOS has made strategic moves to reduce its debt and bank guarantee collateral, enhancing its financial position.
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