Haha...he says it is a relieve to meet the CEO of ELS who does not ask for money! Indeed, I very much doubt ELS would ever need to raise again unless it is for a really huge order in the hundreds of millions dollars. Even so, as Halo has proven critical for these defense project as shown in the last deal, the customer might even be willing to pay upfront to ensure successful delivery of order!
He did not explain too well though at the end on the recent near vertical rise in share price. That is because ELS has recently received 2 multimillion dollars deals with more to come in the near future. And the condition of the last deal was so favourable that it shows great need and confidence in ELS. But he did hint that the reason for not needing to raise is because ELS is probably profitable already. So that is really good news. And yes, it is like DRO but it is better in DRO in many ways like better margin and lower burn rate, etc.
Another couple of deals, and this will really take off.
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