Electro Optic Systems hits 5-year high as $196 million backlog boosts revenue view

Electro Optic Systems Holdings

29/09/2025 04:27

** Shares of Australia's Electro Optic Systems Holdings EOS.AX rise as much as 13.8% to A$9.50, their highest level since February 21, 2020

** Defense and space tech developer says its contract backlog stands at A$299 million ($196.2 million), or A$163 million higher than on December 31, 2024

** Sees full-year revenue from existing contracts of about A$115 million to A$125 million

** Sees additional revenue of A$25 million if orders are signed in time to enable 2025 delivery

** Stock is up 628.6% YTD, including the session's moves

($1 = 1.5242 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))