For instance they are sitting on $74m in inventories and $17m in prepayments to suppliers for delivery of component parts. Thats a lot of cash.
Moving to a technology transfer model with a royalty structure for at least part of the company revenue streams in certain markets makes sense to me then.
Current management have been talking up their contiuning talks with potential partners for implementing the above, I would assume this includes Diehl. Management clearly need to deliver and update us on this initiative and hopefully our new Board is razor sharp in its focus on cashflow and evolving the business model to make it more resilient to shocks such as covid and supply chain disruptions.
EOS Price at posting:
56.5¢ Sentiment: None Disclosure: Held
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