Australia's Optic Systems hits over 5 1/2-year high on strong revenue forecast

Electro Optic Systems Holdings

03/10/2025 02:14

** Shares of Australia's Electro Optic Systems EOS.AX rise as much as 24.8% to A$10.42 so far this week; their highest since early Feb 2020

** Defence and space tech firm expects FY25 revenue in the range of A$115 million to A$125 million ($75.90 million-$82.50 million)

** Co adds contract backlog as of Monday is nearly A$299 million, almost A$163 million higher than it was at December 31, 2024

** Sees additional revenue of A$25 million in FY25, if new orders are signed in time

** EOS last up 2.5%; YTD up 610.4%

($1 = 1.5152 Australian dollars)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))