Despite the fact eos has done well to manage Q3 results, the absence of any sizeable backlog contracts is concerning.
The report no longer goes into detail on the big rock items Ukraine & Hanwha - presumably as there has been zero progress or foreseeable progress
The new $100M development for 2026 pales in comparison and doesn't give comfort for adequate cash injection for debt maturity next year.
If eos needs to do a cap raise, they need to do it sooner rather than later. I am not convinced that we will win a large contract, have sizable upfront payment which will cover the $50M debt as well as maintaining opex in less than a year
What we should have been provided in this quarterly report was an amortisation plan for next year's debt so that it would give comfort for investors that we won't be expecting insolvency issues for 2025
We need more transparency. How are we going to bridge the $50M next year?
EOS Price at posting:
$1.43 Sentiment: Hold Disclosure: Held
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