Electro Optic Systems Holdings (ASX:EOS) reported unaudited revenue of approximately $142.6m for the six months to 30 June 2024 (1H 2024), an increase of 92% on prior corresponding period. The unaudited 30 June 2024 cash balance was $52.2m.
The increase in unaudited revenue for 1H 2024 includes growth across all of EOS businesses, including the impact of accelerating production and delivery of Remote Weapons Systems (RWS) under an existing contract with a customer in the Middle East; growth in the EM Solutions business and growth in the Space Technologies business.
EOS has designed, manufactured and exported advanced technology systems for nearly 40 years with the product range covering remote weapon systems, turrets, high energy laser weapons, counter-drone systems, space intelligence and space control products and services, and satellite communication terminals.