Note - just noticed some info is a copy of previous posts, apologies!
Supercharge is a good word!
On 09/04/2025 Elsight’s announced the second major order, valued at USD $4.28M (A$6.71M) from a leading European defence OEM—is set to supercharge further growth with its impact starting to reflect in Q2/25 and beyond. With this momentum, Elsight is firmly on track to make 2025 abreakout year.
If below is correct , looks like that is the end of requirements of additional funding, unless a very big order come through.
Estimated quarters of funding available (item 8.4 divided by item 8.1) 1.8 Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, afigure for the estimated quarters of funding available must be included in item 8.5.8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:
8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
On 9 April 2025 the Company announced that it has signed a significant follow-on agreement with its European-based defence OEM customer for deployment in a government drone program in Europe. Under this agreement, the customer has committed to purchase a minimum of US$4.28 million worth of Elsight systems (Halo) over the period April – July 2025with monthly deliveries. Refer to the Company’s 9 April 2025 ASX announcement for further details. As part of this agreement, the customer has already transferred US$2 million out of the total amount as part of the agreement terms.Revenues from the above-mentioned supply agreement have commenced in Q2.This cash infusion will be sufficient to cover the operating activities.
8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
Due to the significant supply agreement mentioned in section 8.6.1 above, the Company is expecting to generate cash flows from operations of a quantity sufficient to fund its operations for the medium term. At this time, the Company has not taken any steps and is not proposing to take any further steps to raise additional cash.
8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
The Company expects to continue its operations and meet and exceed its business objectives, refer to 8.6.1 and 8.6.2 above.
Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.
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