Sharewise Webinar with Electro Optic Systems (ASX:EOS)

18 April at 02.00 PM | Register

Join this Sharewise webinar featuring Managing Director & Chief Executive Officer, Dr Andreas Schwer and Chief Financial Officer and Chief Operating Officer, Clive Cuthell.

The webinar will commence with a presentation, followed by a live Q&A with the audience, providing you the opportunity to ask Andreas and Clive any questions about EOS that you may have.

Company Background

Electro Optic Systems (EOS) is an Australian high technology business operating in the global defence, space and communications domains. The EOS business is a group of companies headed by Electro Optic Systems Holdings Limited (“EOS” or “the Group”).

Headquartered in Canberra, Australia where the business was founded in 1983, EOS specialises in:

remote weapon systems and counter-drone technologies
high energy laser weapons
space domain awareness and control
naval satellite communications products

Key aspects of EOS include:

Business in turnaround, a new leadership installed in H2 2022 (CEO, CFO & Chair): Phase I completed – funding, cost reduction, portfolio review / execution
FY23 saw highest ever revenue ($219m)
Highest every cash receipts ($326m) and net operating cash flow ($113m)
With business on a more stable footing, focus is now primarily on profitable growth
Several new product launched in 2023 e.g. lightweight R150 RWS, counter-drone solution “Slinger” product
Debt that was taken out during time of crisis is now substantially repaid
Recent $35m placement being used to facilitate growth opportunities
Order Backlog $441m, or $662m if include conditional contracts for Ukraine
Ongoing work to diversify the revenue base (33% of revenue came from Europe in 2023)
Positive net Q1 2024 revenue of $75m-$80m
Work continues on future growth opportunities in High Energy Laser Weapons and Space Warfare (commercialisation to be funded by 3rd parties)

Register here