EOS 2023 Results Presentation

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

Growth outlook is underpinned by:

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

Download the 2023 Results Presentation here

Listen to a recording of the Investor Presentation.

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