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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.