On a climbing spree, Elsight hits another record high
This ASX stock has surged 1,834% over the past one year, driven by explosive revenue growth, contract wins and exceptionally high investor confidence in its future cashflows.
Elsight Limited (ASX: ELS)
has been one of the best ASX growth stories in the past few years and has also risen by 119.8% year-to-date and the market capitalisation is now $1.49 billion.
There is strong contract momentum in defence-linked drone programs which has supported this performance because it improved future revenue certainty and investor confidence.
The company in FY2025 reported revenue of US$22.8 million which is a massive 1,024% year-on-year increase while net profit after tax reached US$7.48 million compared to a loss in the previous corresponding period.
A major milestone was achieved as the business turned profitable and reached cash flow breakeven which was supported by a scalable high-margin business model.
Key metrics show gross margins near 77% while recurring revenue grew by 250% to US$2.8 million and cash balance remained strong at US$59 million with zero debt.
Recent updates include a US$21.2 million contract which is scheduled for early 2026 deliveries along with expansion of the Halo platform across defence and commercial markets.
Its presence in the United States has improved as engagement with defence agencies increased and selection for Phase 3 of a major defence innovation program was secured.
The Aura platform is moving from development to production which supports product expansion and opens new addressable markets.
New product lines are under development along with a stealth business unit which targets a large global opportunity and may support additional future revenue streams.
The outlook is positive because global defence spending is rising while drone adoption and demand for secure connectivity is very high.
(Source: Company Announcements)
Get Your Free Report on Top 5 ASX Stocks on WhatsApp
Instant Access. No Credit Card Required.
Receive on WhatsApp
Checkout Our Recommendation for free - 7 days free trial
Start Free TrialASX Stock Research & Recommendations β 7βday free trial
Independent, analystβdriven insights.
- Stock of the week report
- Daily Analysis Report
- No credit card required
Get Your FREE Report
Discover the Top ASX Stocks to Invest In 2026!
Expert Analysis of Top-Performing ASX Stocks
Market Insights and In-Depth Research
Buy, Sell, And Hold Recommendations
Almost There!
Enter your details to download the report
Success!
Preparing your download...
Latest Article
Disclaimer
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether itβs appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.