Elsight Boasts Busy September Quarter, Aims To Cash In On Opportunities From Ongoing Crisis

04 Nov 2020, Breakthrough hybrid video and data transport services provider, Elsight Limited (ASX:ELS) engages in the development of advanced communication technologies for real-time video, audio and data transmission in mission-critical environments over existing network infrastructure.

  • Halo became ready for mass deployment upon receiving FCC and CE certifications during the second half of July.
  • ELS received large initial Halo order worth US$1.6 million and a new partnership with Kinetx Prime and first material Halo order from Alrena.
  • ELS’s FAA certification process for ELS’s partner using Halo remains on track, and the Company is well-positioned to build on its initial success with Halo.
  • At quarter-end, ELS’s cash and cash equivalent stood at US$710,000 with approximately US$2.1million cash receipts expected in the next 90 days.

Read the full article here


Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment