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Emerging Stocks Down Under 20 December 2022: Elsight (ASX:ELS)
Elsight: Good potential, but too early to invest
It has been over 2 years since we looked at Elsight (ASX: ELS), an Israeli company that specialises in secured communications. It has been listed for over five years and has commercialised its technology at a very slow pace. In the 6 months to 30 June 2022, revenues were a paltry US$360,029 and it made a net loss of US$2.2m. But the former figure was 45% higher than 12 months ago. So, after half a decade, is it finally headed in the right direction, and will shareholders give it the recognition?
Click here to read the previous edition of Emerging Stocks Down Under published 13 December 2022.
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