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Elsight Ltd ASX:ELS

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

31 Dec 2025 to today

Commentary Showing 2 of 3

DateManagerActionSummary

22 Jun 2026Regal Funds ManagementHeldRegal Funds Management continues to hold Elsight because long positions in the drone technology provider aided returns in the fund's May 2026 report.

Article, price recorded $7.56

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31 Jan 2026Tamim Funds ManagementHeldThe fund manager continues to hold Elsight because, after a breakout year, revenue climbed to roughly USD$23 million, an 11-fold increase over 2024, with the business reaching profitability and closing the year with USD$59 million in cash. The manager notes management entered 2026 with USD$22 million of confirmed orders (96% of FY25 revenue), with 40% paid upfront, signalling strong near-term visibility and pipeline discipline, having generated an astonishing USD$20 million of free cashflows for the year. The company aims to convert a $137M active new business pipeline into sustained growth. Management framed the surge as a perfect storm in defence and commercial uncrewed systems: accelerating defence budgets, demand for commercial off-the-shelf solutions, and convergence of wartime and commercial delivery speeds. Elsight is expanding beyond core connectivity (adding positioning, mission software, autonomy, and sensor/video capabilities) while leveraging OEM partnerships and contract manufacturing to scale without heavy capex, with the Halo platform serving as a sticky entry point to higher-margin recurring software and cloud services.

Free Cash FlowMonthly Report, price recorded $4.25

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on ELS.

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About Elsight Ltd

Information Technology, Electronic Equipment, Instruments and Components

Elsight (ASX:ELS), a drone connectivity technology company, has delivered a breakout year. In January 2026, Tamim Funds Management reported Elsight's FY25 update showed revenue climbing to around US$23 million after a breakout year, and earlier described it as a drone technology company providing hardware and software for reliable drone connectivity. Regal noted long positions in Elsight aided returns in its May report. Elsight operates in the Information Technology sector within the Electronic Equipment, Instruments and Components industry, and Thesis Tracker has captured 3 comments from 2 fund managers, Tamim and Regal. Founded by Nir Gabay in 2016 and headquartered in Melbourne, with operations in Israel, Elsight develops the Halo connectivity platform, which bonds multiple cellular and satellite networks to provide secure, reliable communications for drones, unmanned systems and defence applications, and has grown rapidly with demand from drone manufacturers and military customers.

Market cap: $688m
Price to earnings: 112.4x
Return on equity: 28.7%
Dividend yield: 0.0%
Price to book: 14.27x
Net margin: 22.8%
52-week range: $1.25 to $8.56

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Elsight Ltd (ASX:ELS)?

Fund managers including Tamim Funds Management and TAMIM Asset Management have invested in Elsight Ltd (ASX:ELS).

What opportunities or catalysts do fund managers highlight for Elsight Ltd?

Tamim and Regal highlight a breakout year with revenue rising to about US$23 million, driven by demand for drone connectivity in defence and commercial applications.

What are the key risks to the Elsight Ltd investment thesis, according to fund managers?

The available commentary does not detail specific risks, though Elsight's growth depends on drone and defence demand, which can be lumpy and geopolitically driven.

What does Elsight Ltd (ASX:ELS) do?

Elsight Ltd., founded by Nir Gabay in 2016 and headquartered in Melbourne, Australia, specializes in the development and commercialization of its proprietary Halo technology. The company's core business strategy focuses on the ongoing research, advancement, and market deployment of the Halo platform. Investors should note that Elsight’s primary objective remains the expansion and commercial viability of this specific technology within its target markets.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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