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Elsight (ELS) investor relations material
Elsight H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved transformational growth in 2025 with 11-fold organic revenue increase to US$22.8M, reaching profitability and cash flow breakeven in H1 2025.
Ended year with US$59M cash, zero debt, and a US$22M order backlog, providing strong revenue visibility into 2026.
Expanded global business development, doubled manufacturing capacity, and launched new products including Aura, broadening addressable markets.
Financial highlights
Revenue: US$22.8M for 2025, up from US$2.0M in 2024 (11x increase).
Net profit: US$7.5M (2024: US$3.9M loss).
Gross margin: ~77%, reflecting high-value product mix.
Operating cash flow: US$19.8M (2024: US$1.8M outflow).
Cash and cash equivalents: US$59M at year-end (2024: US$0.87M).
Working capital: US$48.8M (2024: US$0.97M).
Recurring revenue: US$2.8M, up 250% YoY, now 12% of total revenue.
Outlook and guidance
Entered 2026 with ~96% of 2025 revenue already secured in backlog for H1 2026.
Major US$21.2M contract secured for delivery in early 2026; additional commercial orders received post year-end.
Ongoing investments in sales, marketing, and product development to drive multi-year expansion.
- 2025 revenue soared 11x to $23M, with strong cash, major contracts, and a robust 2026 outlook.ELS
Q4 2025 TU4 Feb 2026 - Strong revenue and ARR growth, major defense wins, and new products set up for 2025 expansion.ELS
H2 20248 Jan 2026 - Q1 2025 revenue up 64% YoY, with a $4.28M defense order fueling rapid growth.ELS
Q1 2025 TU7 Jan 2026 - Record H1 revenue, major contracts, and capital raise set up profitability in H2 2025.ELS
H1 20256 Jan 2026 - Q3 2025 saw record revenue, profitability, and a $157M pipeline fueling high-margin growth.ELS
Q3 2025 TU30 Oct 2025 - Revenue up 32% in 2024, defence sector now 51% of total, debt eliminated via note conversion.ELS
Q4 2024 TU15 Oct 2025 - 83% revenue growth and reduced net loss in H1 2024, led by defence and commercial expansion.ELS
H1 202415 Oct 2025 - 83% H1 revenue growth driven by defence wins and recurring revenue momentum.ELS
Q2 2024 TU15 Oct 2025 - 70% revenue growth and major defence contract signal strong momentum and improved financial stability.ELS
Q3 2024 TU15 Oct 2025
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