Elsight (ELS) H1 2026 earnings summary

Executive summary

• Achieved record H1 2026 revenue of US$23.4 million, up 383% year-over-year, surpassing full-year 2025 revenue.

• Net profit for H1 2026 was US$1.19 million, reversing a prior year loss of US$761,112.

• Non-GAAP net profit reached US$11.7 million, reflecting strong operating leverage as the business scales.

• Recurring revenue from software and services grew 437% to US$2.7 million.

• Expanded global market presence, with significant traction in the US, Europe, and Middle East.

Financial highlights

• Gross profit increased to US$18.2 million from US$3.6 million year-over-year.

• Net assets rose to US$63.9 million from US$51.0 million at year-end 2025.

• Cash and term deposits totaled US$63.0 million at period end, up from US$59.0 million.

• Working capital improved to US$60.6 million from US$48.8 million at 31 December 2025.

• Basic EPS was 0.54 cents, compared to a loss per share of 0.42 cents in H1 2025.

Outlook and guidance

• Continued strong order flow and growing demand across defense and commercial sectors.

• Material revenue contribution from US defense programs expected from CY2027 onwards.

• Expansion of manufacturing capacity in the US and Germany to support future growth, with no capital investment required.