EOS employee numbers total 446. In NZ, they have 9 staff. Singapore 20, UAE 40, USA 46, AUS 330 and get this...In Germany which is central to Europe and where EOS expect to cast their net, they have a total of 1 employee. That's right...1.
Meanwhile, Rheinmetall have over 33,000 staff across 28 countries and 167 offices. That's just one competitor with a global footprint. There's many more large competitors with deep pockets who are firmly 'entrenched' with long standing connections.
That's why EOS get the bulk of their orders from the UAE. What's the profit margin on a measly contract worth $34m? Better to sell off EM Solutions than tap the market again. Optically, it looks better.
There's a very good reason why the market cap is at a couple hundred million.
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