1) Say EOS signs a $100M contract this year - the cash conversion life cycle would mean we don't see any revenue until post-deployment, testing and embedding.
EOS would need to upscale resources and materials to productionise assets. If they only have 4 quarters of cash left and assuming those quarters will undergo deeper negative cashflow, how would they achieve it without a capital raise?
2) How is staff expenses still so high even after de-merger of EM Solutions? Could someone please check to see that I've got this right? Because if the cost base remains the same as pre-divestment, then sale of EM Solutions was likely physical assets and IP - not downsizing of workforce
EOS Price at posting:
$1.24 Sentiment: Hold Disclosure: Held
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