Electro Optic Systems Holdings Limited (AU:EOS) has released an update.
Electro Optic Systems Holdings Limited (EOS) reported increased cash receipts from customers at $68.3 million for Q2 2024, a significant rise from both the previous quarter and year. Despite a net cash outflow from operating activities and a reduced cash balance, EOS achieved a 92% hike in unaudited H1 revenue and entered a substantial $104 million cannon supply deal post-quarter. The company anticipates further cash inflows as it continues to progress on large-scale projects, especially from a major Middle Eastern contract.
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