Having read the announcement again, I find this point very interesting:
Further expansion of the relationship with the European OEM is expected as long-term quantity requirements are finalised and new programs emerge
Surely, once finalised, we are looking at stable annual repeat orders. That is as good as like an annual subscription price. That in itself will see ELS in the profitable zone for years to come if the quantity required are at least US$15m annually. Nothing beats stable and growing revenue. And any other orders after cost will simply add to the bottom line. And don't forget, the Halo gross margin is around 70-80%.
And all this from just one OEM customer. Waiting for Northrop Grumman to come to play and that will be another massive payday.
ELS Price at posting:
$1.09 Sentiment: Buy Disclosure: Held
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