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Elsight Ltd
ASX:ELS

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Elsight Ltd
ASX:ELS
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Price: 5.54 AUD -7.05% Market Closed
Market Cap: AU$1.2B

Elsight Ltd
Investor Relations

Elsight Ltd. is a provider of ground-breaking hybrid video and data transport services on-the-move or fixed for large safe-city projects, sensitive facilities management, and surveillance and protective activities. Its products include wearable and portable devices, vehicle mounted and fixed/wall mounted devices, including RiderM-04 mobile digital video recorder (DVR), command and control software, and multichannel-secure multi data link unit. RiderM-04 DVR offers encoding resolution (WD1) on all four channels (for transmission or recording), Wi-Fi automatic off load of recorded files, storage hard-disk shock vibration proof, two-way audio in between the command and control center and the vehicle where it is installed. Multichannel-secure multi data link unit is a technology, providing live video and audio transmission as well as recording capabilities through multiple 3G and 4G networks. Its solutions include first responders, intelligence, media and broadcast, telemedicine and transit.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 4, 2026
AI Summary
Q4 2025

Record Revenue Growth: Elsight reported approximately $23 million in revenue for 2025, an 11-fold increase over 2024, marking a breakout year and an inflection point for the company.

Profitability Achieved: The company reached profitability in 2025 and ended the year with $59 million in cash, providing significant capital to fund future growth.

Strong Order Backlog: Elsight enters 2026 with $22 million in confirmed orders, already representing 96% of 2025's total revenue, with 40% of this backlog's cash already received.

High Margins: Gross margins reached approximately 77%, with software stack margins climbing from 82% to 90%. Management expects margins to expand as the business model shifts further toward software and recurring services.

Recurring Revenue Growth: Recurring revenue from Elsight's cloud business was $2.6 million in 2025, expected to rise substantially in 2026 due to rapid deployment and revenue recognition timing.

Manufacturing Readiness: The company operates a capital-light, contract manufacturing model with flexible capacity, ensuring rapid, low-cost scale and limited risk from supply chain or tariffs.

Strategic Expansion: Elsight is expanding its product, geographic, and domain reach, moving beyond connectivity into a broader mission-enabling platform for air, land, and maritime systems.

Strong Position in Defense: Defense customers drive most revenue currently, but commercial use cases are emerging. The U.S. DoD project (Project G.I./DIU) is progressing well, expected to contribute revenue later in 2026.

Key Financials
Revenue
$23 million
Order Backlog
$22 million
Cash
$59 million
Gross Margin
77%
Software Stack Margin
90%
Recurring Revenue
$2.6 million
Cumulative Pipeline
$137 million
Number of Design Win Customers
92
Other Earnings Calls

Management

Mr. Yoav Amitai
Chief Executive Officer
No Bio Available
Mr. Roee Kashi
Co-Founder & CTO
No Bio Available
Mr. David Furstenberg
Executive Director
No Bio Available
Oz Segal
Director of Finance
No Bio Available
Mr. Shlomi Shiryan
Vice President of Operations
No Bio Available
Mr. Nimrod Blinder
Vice President of Sales
No Bio Available
Susan Becker
Director Of Marketing
No Bio Available
Ms. Roni Marom
HR Manager
No Bio Available
Mr. Mark Andrew Licciardo B Bus (Acc), FCIS, FGIA, GAICD, GradDip CSP
Company Secretary
No Bio Available

Contacts

Address
Petah Tikva
13 Ha'Shiloach St.
Contacts
+972777515600.0
www.elsight.com
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