For all the contract talk, geo-political tailwinds, demonstrations and negotiations, here's a quick comparison;
Year to date comparisons (nine months)$A'000
2023
2024
1
Customer Receipts
219,990
196,837
2
Product, manufacturing & Operating costs
92,122
125,344
3
Research & Development
9,712
8,345
4
Staff & Admin Costs
45,761
61,573
5
Cash
46,150
54,988
Whilst the company has more cash in the bank (which will be fully absorbed in 11 months to the tune of payments totalling $52.1m to SOL), the company has received less cash, their operating costs have gone up. Staff & admin costs have ballooned and the company has spent less on R&D.
This isn't down ramping. These are numbers provided by the company. You can be assured that if no material contracts eventuate soon, a cap raise is again imminent.
All the best.
EOS Price at posting:
$1.44 Sentiment: Sell Disclosure: Not Held
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