Nice post. Real feel good kind of moment."Overall, it's not...

Nice post. Real feel good kind of moment.

"Overall, it's not looking good but EOS has proven to be resilient"

It's amazing how much an annual cap raise can demonstrate the true resilience of a business, whilst at the same time continue to destroy shareholders capital. Using the term "resilient" for a business that was unable to find a funding partner and went down the track of being raped and pillaged by a third tier lender in WHSP doesn't translate to any form of resilience what-so-ever. It was total desperation. Due to the company's reputation, no one wanted to touch them. So WHSP put EOS to the sword and made a mockery of the company. Then, in a public domain, EOS set about to challenge WHSP in a "contractual dispute" that they were NEVER going to win. Again, EOS were made to look like amateurs as they further cemented their standing within the industry as "arrogant".

I agree 100% with your comment regarding the size of contract wins and capex requirements. This is a major concern. However, when you speak of Covid and supply chain issues, you also need to acknowledge that EOS themselves have marketed the company to shareholders via their reports and presentations based on the premise of geopolitical tensions. This goes back to the covid period when China was posturing to invade Taiwan. Since then, we've had Russia invade Ukraine and now the conflict in the middle east. It's EOS themselves who tell us that they've had ongoing tailwinds. There's been been some terrific contract wins thanks to EM Solutions, but what about Remote Weapons Systems? This is meant to be the bread and butter of EOS. Forget Covid, the returns on their defence systems have been meagre and space is virtually worthless.

It's great that there's been no insider selling. How many shares does the CEO and CFO/COO hold to sell? I understand the situation with regards to the CEO, but in all honesty, apart from Garry Hounsell, the on-market purchases have been relatively light. You need to go back to 2020 and see how much these twits have lost with their purchases, which is akin to the capital killing losses that many shareholders have had to endure.

You started you post with calling a few things out. Record revenue means nothing. They bettered the previous "record revenue" set in 2021 by $7m. In that year, EOS still managed to book a loss of $13m and in light of the record revenue recorded for 2023, EOS booked a loss of $33m.

There's your story right there.