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ELSIGHT LIMITED — Capital/Financing Update 2018
Dec 18, 2018
64836_rns_2018-12-18_cd9cf05d-ea8c-48f8-aad4-3f28a46a8d49.pdf
Capital/Financing Update
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ASX Announcement
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19 December 2018
Revenue Position Update
Highlights
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Significant increase in orders and revenue in 2018 compared to 2017
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Company has not lost any deals or competitive bids
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Major business development activities on track
The Board of Elsight Limited (ASX: “ELS”) wishes to update investors on its revenue outlook for calendar year 2018.
With an increase in revenues in Q4, the Board is confirming that Elsight has achieved actual unaudited revenues of US$1.6m for the year so far as predicted in the Activity Report dated 31 October.
With a few more orders to be delivered in December 2018, we expect that the annual unaudited revenue of 2018 will be around US$1.65m (AU$2.15ml), which signifies 70% increase in revenues compared to 2017.
Several large deals and tenders are still on track and are expected to be closed in 2019.
Additionally, major business development activity is in progress with OEM partners as well as in the USA, with expected results of importance in 2019 and beyond.
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For more information, please contact:
Corporate Enquiries
Nathan Barbarich Justin Rosenberg RM Corporate Finance Gleneagle Securities T: +61 6380 9200 T: +61 2 8277 6683 E: [email protected] E: [email protected]
Australian Media and Business Enquiries
Howard Digby Elsight Limited T: +61 434 987 750 E: [email protected]
About Elsight
Elsight (www.elsight.com) is a solution provider of ground-breaking video and data transport services (on-the-move or fixed) for large Safe-City projects, sensitive facilities management, and surveillance and protective activities. The platform supports video capturing, recording, and highly secured transmission against video interception and hacking. Elsight ’s platform was designed to address the most demanding requirements of Special Forces across enemy lines and sophisticated intelligence organizations. These systems underwent the most rigorous testing in combat situations as well as extensive testing by the most demanding laboratories. As a result, they present an unmatched level of reliability, lowest latency, and highest adaptive bandwidth over cellular networks that enables HD and 4K tv transmission quality, with “never-fail” redundancy and much more. For the first time they offer strict military requirements for civil usage. Elsight ’s customers range from defence and homeland security, industrial security, broadcasting, first responders and healthcare.
Elsight Limited ACN 616 435 753
T: +61 8 6189 1155 | A: C/- Platinum Corporate Secretariat, Level 2, 46-50 Kings Park Road, West Perth WA 6005