Elsight Says US Client's Contract Cancellation Not Expected to Impact Earnings Results

MT Newswires Live
01-06

Elsight (ASX:ELS) said US-based drove delivery client DroneUp's contract cancellation with Walmart as reported by media outlets is not expected to have a material impact on its fiscal year 2025 results, according to a Monday filing with the Australian bourse.

The technology company's annual plan includes minimal revenue from new orders with DroneUp, estimated at less than $15,000 for the year, the filing said.

Share of the company fell 11% at market close.

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