That's exactly right. How can you lose a contract that you never signed?
That is unless it's a conditional contract....Or a partnership with Hanwha that looks to be terminal.
The two DEW contracts that EOS have spoken about for over a year are nowhere to be seen.
Opex looks to come in at around $90m. Better get a move on...
Think Taiwan/China tensions, Rest of the world/China tensions, Ukraine/ Russia full blown war, Middle East conflict. The last 5 years have been an incredible time to be invested in defence. Technology is moving fast globally. EOS have lost their first mover advantage. I think that they'll win a contract soon and the speculators will step in. But the momentum won't last and EOS may look to undertake an annual event - cap raise! For those already in it a single contract win may prove to be a great time to sell. Otherwise, it's more selfies at the next international road show. All expenses paid.
Good luck.
EOS Price at posting:
$1.34 Sentiment: None Disclosure: Not Held
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