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Electro Optic Systems Holdings Limited
(Sydney:EOS)
Electro Optic Systems Holdings Limited (EOS) vs. iShares MSCI Australia ETF (EWA)
Electro Optic Systems Holdings Limited Business Overview & Revenue Model
Electro Optic Systems Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.00M | 176.56M | 219.25M | 137.91M | 212.33M | 180.18M |
| Gross Profit | 55.77M | 84.64M | 95.58M | -27.55M | 31.65M | 1.43M |
| EBITDA | -41.93M | -16.27M | 6.38M | -37.57M | 29.92M | -18.91M |
| Net Income | 31.06M | -18.73M | -33.27M | -114.54M | -13.01M | -24.40M |
Balance Sheet | ||||||
| Total Assets | 348.88M | 401.01M | 393.23M | 419.50M | 462.57M | 437.38M |
| Cash, Cash Equivalents and Short-Term Investments | 130.29M | 41.08M | 71.00M | 21.68M | 59.26M | 65.93M |
| Total Debt | 15.35M | 65.93M | 88.74M | 97.18M | 64.47M | 21.11M |
| Total Liabilities | 80.87M | 181.50M | 194.16M | 186.40M | 133.41M | 97.79M |
| Stockholders Equity | 273.61M | 224.50M | 203.11M | 236.29M | 331.34M | 340.94M |
Cash Flow | ||||||
| Free Cash Flow | -25.29M | -47.77M | 110.19M | -74.93M | -29.60M | -138.88M |
| Operating Cash Flow | -9.01M | -30.36M | 113.12M | -55.68M | -591.00K | -109.16M |
| Investing Cash Flow | 100.92M | 3.68M | -34.73M | -28.31M | -37.71M | -36.98M |
| Financing Cash Flow | -53.97M | 9.21M | -29.05M | 49.45M | 31.40M | 135.93M |
Electro Optic Systems Holdings Limited Technical Analysis
Electro Optic Systems Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$559.53M | 23.85 | 34.21% | 2.25% | 3.10% | 5.08% | |
64 Neutral | AU$3.16B | 31.80 | 7.54% | ― | 24.13% | 474.03% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | AU$100.52M | 30.86 | 5.66% | 1.28% | -14.88% | -56.89% | |
54 Neutral | AU$1.96B | 56.16 | -28.75% | ― | -72.88% | ― | |
53 Neutral | AU$20.67M | -3.20 | -25.77% | ― | 4.84% | -12.12% | |
42 Neutral | AU$23.28M | -5.41 | -42.31% | ― | -34.48% | -26000.00% |
Electro Optic Systems Holdings Limited Corporate Events
Electro Optic Systems reported significantly elevated manufacturing and delivery activity in the December 2025 quarter, driven by ongoing production of remote weapon systems for customers in multiple regions and continued execution of space systems contracts for the Australian Defence Force and the Commonwealth of Australia. The company expanded its operational footprint by relocating its Singapore operations to a new facility that will support both remote weapon system servicing and high energy laser weapon manufacturing, and by deepening its presence in the U.S. defence market through production at its Huntsville, Alabama facility. EOS secured a series of major defence contracts during the quarter, including a A$108 million RWS deal for Australia’s LAND 400-3 program, a ~A$20 million Slinger counter‑drone contract with a Western European NATO customer, a US$21 million R400 RWS contract for light armoured vehicles bound for South America, and a US$22 million RWS contract with General Dynamics Land Systems for a key U.S. Army ground combat vehicle program. It also entered into a binding, conditional US$80 million high energy laser weapon contract with a Korean customer that includes plans for a joint venture and IP licensing, subject to deposit, financing and facility‑inspection requirements, and after quarter‑end its KiwiStar Optics unit won a ~€3 million order to supply critical optics to Europe’s Extremely Large Telescope. As a result of this contract momentum, EOS’s firm contract backlog rose to A$459 million at 31 December 2025, up 238% year-on-year, with potential to reach A$579 million if the conditional Korean contract is finalised, although previously announced conditional Ukraine contracts have been removed from the backlog due to ongoing customer funding difficulties.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$11.50 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has lodged a notice of proposed issue of securities, outlining a plan to grant a series of new performance rights across multiple classes (A through G, each with sub-classes 1 and 2), with the issue date scheduled for 17 April 2026. The modest number of rights in each new class suggests a targeted performance-based incentive arrangement, likely aimed at key executives or personnel, reinforcing the company’s use of equity-linked remuneration to align management incentives with long-term shareholder value and operational performance.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$12.72 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has lodged a notice of proposed issue of a series of performance rights, across multiple new classes (A through G, each with subclasses), with a maximum of one right to be issued in each class. The performance rights, scheduled for issue on 17 April 2026, appear to be part of an incentive or remuneration structure rather than a large-scale capital raising, indicating a targeted equity-based arrangement that could align management or key personnel interests with long-term company performance without materially diluting existing shareholders.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$12.44 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has agreed to acquire Europe-based defence and security technology provider MARSS, including its NiDAR command-and-control platform, sensor fusion and AI software, hardware offerings, customer contracts, intellectual property and personnel. The deal, structured with an upfront cash payment of US$36 million and up to €100 million in performance-based contingent consideration, positions EOS as an end-to-end counter-drone systems provider able to deliver a full Detect–Identify–Decide–Defeat capability and compete as a prime contractor for larger, higher-value programs. EOS plans to embed MARSS’s AI-enabled NiDAR system into its remote weapon systems to provide meshed hemispherical protection for vehicle fleets against drone attacks, while also expanding its geographic footprint and leveraging MARSS’s defence, homeland security and civil customer relationships; the acquisition will be funded mainly from existing cash reserves and is expected to be broadly neutral for earnings and operating cash flow in 2026.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$12.44 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems has agreed to acquire Europe-based MARSS, a specialist in AI-enabled command-and-control systems for counter-drone applications, including its proprietary NiDAR platform, associated hardware, intellectual property, personnel and customer contracts. The deal, structured as an asset acquisition, will be funded primarily from EOS’s existing cash reserves with US$36 million upfront and a performance-based earnout of up to €100 million, and is expected to be broadly earnings and cashflow neutral in 2026; strategically, it transforms EOS from a component supplier into a full, end-to-end counter-drone systems provider with strengthened in-house AI and software capabilities, expanded geographic reach, and the ability to compete as a prime contractor for larger turnkey defence, homeland security and civil infrastructure protection projects, including integrating NiDAR into EOS remote weapon systems to create mesh-networked, fleet-wide drone defence coverage.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$12.44 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has notified the market that 50,000 EOSAB options, which were due to expire on 18 May 2025 with an exercise price of $4.75, have lapsed as of 31 December 2025 because the conditions attached to these options were not satisfied or have become incapable of being satisfied. The cessation of these securities slightly reduces the company’s potential future share dilution and reflects the non-fulfilment of performance or vesting conditions, but does not directly alter its existing issued capital, serving primarily as a technical update to the market on its capital structure.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$12.44 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has notified the market that 46,406 ordinary fully paid EOS shares were issued on 24 December 2025 following the exercise or conversion of previously unquoted options or other unquoted convertible securities. This modest equity issuance marginally increases the company’s share capital and reflects the uptake of incentive or convertible arrangements, signalling ongoing alignment between EOS and holders of its unquoted securities without materially altering its capital structure.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings has introduced a minimum shareholding policy for its non-executive directors and senior executives to better align their financial interests with those of shareholders. From 1 January 2026, non-executive directors must build a holding in EOS shares equal to their annual base fee within three years, while the CEO must reach a holding equal to four times fixed annual remuneration over three years and the CFO/COO three times over the same period, with existing incumbents Dr Andreas Schwer and Clive Cuthell immediately subject to the highest thresholds; the policy will be tested annually, reinforcing governance standards and signalling a stronger commitment to long-term shareholder value.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings has secured a multi-year, US$22 million contract with General Dynamics Land Systems to supply an enhanced Remote Weapon System for integration onto a major U.S. Army ground combat vehicle, to be manufactured at EOS’s Huntsville, Alabama facility. The deal marks EOS’s long-awaited entry into the large U.S. market for its current-generation RWS and strengthens its positioning as a leading global supplier in this segment, contributing to an unconditional contract backlog now exceeding A$400 million—up from A$136 million at the end of 2024—which the company expects to convert largely into revenue during 2026 and 2027, alongside an extensive but uncommitted pipeline of further opportunities.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has secured a US$21 million order for its R400 Remote Weapon System from a North American customer for integration on Light Armoured Vehicles destined for an end user in South America, with production to take place at its Canberra facility during 2026 and 2027 and including integration kits, storage and related services. Together with several major contracts won in 2025 across remote weapon systems, counter-drone systems, high energy laser weapons and space capabilities in Western Europe, Australia and South Korea, the company has lifted its unconditional contract backlog to more than A$400 million from A$136 million at the end of 2024, positioning it for substantial revenue conversion in 2026–27 while it continues to pursue a broader pipeline of defence sales opportunities.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$11.18 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has announced a change in its registered office and principal place of business to a new location in Symonston, ACT. This change is part of the company’s operational updates and may have implications for its logistical and administrative functions, potentially impacting its efficiency and stakeholder interactions.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$11.18 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has entered a conditional agreement worth US$80 million with a customer in South Korea for the manufacture and sale of a 100kW High Energy Laser Weapon. This deal includes the establishment of a joint venture to supply the Korean market and the licensing of intellectual property. The contract, subject to conditions such as initial deposit payment and facility inspection, is expected to be fulfilled by the end of 2027. This marks EOS’s second export order for a 100kW class laser defense system, following a previous order from a Western European customer.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$8.10 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has settled an investigation by the Australian Securities and Investments Commission (ASIC) regarding its 2022 revenue guidance disclosures, agreeing to a $4 million penalty. This resolution, which EOS supports, concludes ASIC’s investigation and allows the company to move forward, emphasizing its commitment to transparency and corporate governance. The company has undergone significant leadership changes since 2022 and is focused on executing strategic priorities to deliver long-term value for shareholders.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has completed the acquisition of the UK-based interceptor business from MARSS Group, expanding its counter-drone capabilities and establishing a presence in the UK market. The acquisition, valued at approximately A$10 million, includes all Interceptor assets and its engineering team, with further development expected over the next 12-24 months. This strategic move enhances EOS’s software and AI capabilities and aligns with its focus on the AUKUS partner market, potentially strengthening its industry positioning and stakeholder relations.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has announced an update on its counter-drone capabilities, emphasizing a multi-layered defense approach. The company highlights the integration of various technologies such as electronic warfare, remote weapon systems, and high-energy lasers to enhance effectiveness and cost-efficiency in neutralizing drone threats, potentially strengthening its position in the defense market.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited is set to host an investor webinar where CEO Dr. Andreas Schwer will discuss the company’s advancements in counter-drone technology. The webinar will cover a recent $20 million order for counter-drone systems and the acquisition of new interceptor capabilities, highlighting EOS’s strategic moves to strengthen its position in defense technology.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited has announced the acquisition of a UK-based interceptor business from MARSS Group for approximately A$10 million. This acquisition enhances EOS’s counter-drone capabilities by integrating advanced interceptor technology into its product portfolio, which is expected to be commercially launched in 12-24 months. The interceptor system, designed for agility and low collateral damage, will complement EOS’s existing offerings and strengthen its position as a leader in counter-drone solutions. The transaction will be funded from existing cash reserves and is not expected to impact near-term financial results.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited announced the issuance of unquoted equity securities under an employee incentive scheme. The issuance includes options and share rights, which are subject to transfer restrictions and are not quoted on the ASX. This move is part of the company’s strategy to incentivize employees and align their interests with the company’s long-term goals.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited announced the issuance and conversion of 89,143 unquoted equity securities, reflecting a strategic financial maneuver to enhance its capital structure. This move is likely to impact the company’s operations by potentially increasing its financial flexibility, thereby strengthening its position in the competitive technology industry.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
Electro Optic Systems Holdings Limited reported significant activity in the third quarter of 2025, including securing a landmark export order for a high energy laser weapon and multiple defense contracts, notably with the Australian Defence Force. These developments have substantially increased the company’s contract backlog, indicating strong future revenue potential and enhanced market positioning. The company’s ongoing innovations, such as the development of enhanced counter-drone capabilities and new product branding, suggest a strategic focus on expanding its technological offerings and market reach.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.