Dialled into today's webinar, a few takeaways:Type Certificate:...

Dialled into today's webinar, a few takeaways:

Type Certificate: Airobotics have been through all the field tests and only "paperwork" remaining. Elsight have stopped trying to estimate when the process will be finalised because, as we know, it is subject to delays and is a moving target - but once finalised will be a huge milestone.

Roadshows (AUVSI & IOT Barcelona 2022): Companies in the industry have been bullish on feedback they have given at these events, a real buzz around ELS. They are working with many companies in the background but can't list them at this stage.

Revenue Model: Looking at expanding revenue streams outside of the model at the moment. Remote ID capability within halo, Halo is also capable of scaling to include 5g - will be a charge on top to existing clients, increase stickiness and increase revenue. - Overarching excitement - both trade shows very positive and well received by industry participants.

DroneUp & Other: Under an NDA, unable to disclose too much here. But there's one client with another big corporate backing that is in talks with ELS, they are replacing helicopters with drones and Elsight is in the discussion. Pipeline is looking good, but lead times vary greatly.

Price Action: Selling pressure from options overhang should ease over the coming days and remaining options to be exercised meaning more cash in the tin. Unmanned industry is now becoming the focus vs the broadband plays due to the maturity of the broadband. The traction and response is far greater in the unmanned space.

Action point for you HC user: listen to the podcast, particularly the one with MissionGo.

My view: positive sentiment and pipeline is building just the waiting game for ELS - once milestones are hit (TC or DroneUp expansion or this new player mentioned) it should really bolster the SP, so long as material revenues are tied to it. The pivot away from broadband indicates yet another change in strategy but it seems they now have laser focus on UAV and things are looking positive with the balance sheet bolstered.
all imo, dyor. Cheers.