Elsight (ELS) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed attendees, highlighted a transformational year, and outlined the agenda, including board introductions and voting procedures.

• Meeting format included formal business, CEO presentation, and Q&A, with all resolutions voted by poll.

Financial performance review

• Achieved record revenue of $22.8 million in 2025, representing 11x year-on-year growth.

• Reached profitability for the first time in Q3 2025, supported by high gross margins and operational discipline.

• Recurring revenue from software and services grew 250% year-over-year to $2.8 million, 12% of total revenue.

• Ended 2025 with $59 million in cash and zero debt, further strengthened to $64 million by March 2026.

Board and executive committee updates

• Board established a new business unit in stealth mode targeting a $20 billion market.

• Directors and executive team introduced, including CEO, CFO, and company secretary.