Electro Optic Systems

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Half-yearly Reports

Electro Optic Systems Holdings Limited today released its audited financial results for the year ending 31 December 2023.

In summary, 2023 saw significant progress in the EOS turnaround, including:

Highest ever revenue: $219.3m (up $81.3m on prior year)

Underlying EBITDA positive: $5.7m (up $48.6m on prior year)

Cash received from customers: $325.5m (up $179.6m on prior year)

Net Operating Cashflow: $113.1m (up $164.7m on prior year)

Debt repayment of $26.9m in September 2023

Geopolitical uncertainty is creating very supportive market conditions, particularly counter-drone

In 2023 EOS widened the product & customer base, achieving significant European growth

Innovation continues – commercialising existing IP with successful demonstrations in 2023

EOS continues to seek third party funding support for strategic growth opportunities in High Energy Laser Weapons and Space Warfare

Listen and view the Investor Presentation below.

Appendix 4E and Preliminary Final Report - Listing Rule 4.3A

Appendix 4G and Corporate Governance Statement