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FINWIRES

Elsight Reports Higher March Quarter Revenue

-- Elsight (ASX:ELS) reported March quarter revenue of $11.6 million, up from $1 million a year earlier, according to a Wednesday filing with the Australian bourse.

Recurring revenue from software licenses, cloud services, and connectivity subscriptions was $1.3 million in the quarter, representing 11% of total revenue, per the filing.

The company said it is seeing growing demand and traction in the US Department of War market.

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