In calendar year 2024 EOS announced contracts totalling $67m. Out of that was a new contract awarded to EM solutions to the value of $19m. EOS' contract backlog stood at $567m - inclusive of the conditional Ukraine contracts which are (were) valued at $181m. Take $181 from $567 leaves a contract backlog of $386m. Taking into consideration that EM Solutions accounted for $175m of the total of contract backlog valuation, which in complete and utter desperation (because nobody will partner with EOS which leaves them short on capital and potentially unable to fulfil their contract obligations), they sell EM Solutions for $144m.
Yet, EOS talk big on the fact that global defence expenditure was $2.4 trillion in 2023. That's a massive pie. EOS still licking the crumbs from the plate (only just).
EOS Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
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