Just wondering EOS had raised $144 million in May 2020. The reason quoted was EOS have struck their money in inventories and orders cannot be delivered because of Covid 19. Almost two years since company had almost delivered all the orders but still the balance sheet is showing much less money than what they collected at that time. On top for almost entire 2020 and better half of 2021 Australian Govt had paid the staff costs to almost all the companies and I do not believe EOS did not grab that opportunity.
It only shows company had burned a lot of equity since then without making a definite progress.
DYOR
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-15
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