Pipeline is a meaningless statistic that EOS consistently try to...

Pipeline is a meaningless statistic that EOS consistently try to play up in their announcements. It's deals they could possibly go for, the Defence department goes through a detailed analysis of future projects (i.e. the integrated investment program which is a public document) - EOS bids for these deals and puts 100% into the 'pipeline' - not even probably weighted. It plays well to a crowd that likes big numbers, though not investors that like to do analysis of genuine revenue/earnings prospects.

These guys are in a good position and have a number of good products in the defence division (e.g. unmanned turret) and potentially now CUAS (albeit TAM is all spin and no substance - someone quoted $2bn a year in revenue for the next ten years for EOS - this is the misleading aspect of the announcement, that's TAM, not EOS revenue!)

Time to stop playing the spivvy investor games. Space makes no revenue, despite all the talks over years past of a partnership with defence behemoth Lockheed Martin ($877k in 1H20!). Communications has a number of new acquisitions which we know very little about - have we got the spectrum requirements and capital backing to monetise these assets - how is this future growth funded??

Need to start hearing the real 'story' and not the spin. No capital for the communications division and recent announcements trying to ramp the share price, maybe a capital raising en route?