They stated Rev would be heavily screwed to second half, hence your comment re 4 quarters of cashflow left is just silly. Cash of basically $100 plus 50-60 say to come back also. If they do say $160 mill in rev for the yr, they should only lose say around $20mill at a quess.
They seem to be building All their manufacturing sights are "mature" meaning very easy to ramp up. And you don't add staff for no reason.
But I think they should put themselves up for sale, as after 20 plus yrs the net result has been terrible for investors. If a major bought it with the political clout to win contracts, their products would be everywhere.
Australian Government say they are strong on defense, is the biggest joke in the world.
EOS Price at posting:
$1.24 Sentiment: None Disclosure: Held
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