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Elsight (ELS) investor relations material
Elsight H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved record half-year revenue of US$4.8M, a 344% year-over-year increase, surpassing the entire 2024 annual revenue by 137%.
Benefiting from strong demand in defense and commercial markets, with a strategic focus on proprietary connectivity for unmanned systems and expansion via design-win strategy.
Completed a capital raise of €60M/A$60M/US$39M, positioning for aggressive expansion in sales, marketing, and R&D.
Transitioned from small contracts to multi-million dollar deals, including US$14.7M in contracts with a European defense OEM and a robust recurring revenue model.
Cash flow positive in H1 2025, with profitability expected in H2 2025 for the first time since IPO.
Financial highlights
H1 2025 revenue: US$4,845,735, with a US$16.25M order backlog and US$11.45M to be delivered by year-end.
Gross profit: US$3,567,618 (74% margin); cash receipts: US$9.24M; positive operating cash flow.
Net loss narrowed to US$761,112 from US$1,706,836 year-over-year.
Production capacity at US$70M per annum, with plans to double to US$150M in H2 2025.
No additional capex required to deliver current backlog.
Outlook and guidance
Expects to achieve profitability in H2 2025, supported by a US$151M pipeline and strong order backlog.
Majority of near-term revenue from defense, with commercial market as a major future growth driver.
Expanding sales teams and opening local offices in the US and Europe to accelerate pipeline conversion.
Release of Halo V2.0 and new software products planned for H1 CY26.
Next Elsight earnings date

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