Hi Doctornoh Not sure if you have had a chance to look at the quarterly results? I had a look and I thought they were not bad. Net cash from operating activities was the highest quarterly result looking back as far as 2018 Q1 at just over $29M. Staff costs are below $9M - that hasn't happened since 2019 Q3. Manufacturing costs were quite low at almost $13M, but will expect that to pick up again with the Ukraine contracts. Question is can they keep it up and get through May and June and meet their borrowing covenants? I believe they will. And the fact that WHSP let them resubmit a revised Cash Flow Forecast so they did not breach their covenant for March indicates to me that WHSP are willing to work with EOS, but want to make sure they maintain a disciplined approach.
EOS Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
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