Australian (ASX) Stock Market Forum

EOS - Electro Optic Systems Holdings

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With today's announcement, the SP goes down to their placement price of new shares released -

Electro Optic Systems Holdings Limited (ASX: EOS) (EOS or Company) is pleased to announce that it has successfully completed its A$35 million fully underwritten placement (Placement) of approximately 20,588,235 new fully paid ordinary shares (New Shares) to eligible institutional investors at a price of A$1.70 per New Share (Placement Price)​


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Looks like everything is falling into place.

ACTIVITY STATEMENT FOR THE QUARTER ENDED 31 MARCH 2024

During the quarter ended 31 March 2024 (“Q1 2024”), revenue was $77.3m, representing an increase of $43.3m on Q1 2023 revenue of $34.0m.
Cash Receipts from Customers during Q1 2024 were $52.1m, down $10.0m from $62.1m in Q1 2023. This reflects a relatively high level of receipts in Q1 2023 following a successful customer contract amendment in Q1 2023 and the lumpy nature of cash receipts on projects.
During Q1 2024, other cashflows from operating activities (excluding cash receipts from customers) amounted to net payments of $74.6m. This is an increase of $42.0m on Q1 2023.
These payments included the cost of manufacturing products that customers paid EOS for during 2H 2023. In addition, cash interest and finance costs increased during Q1 2024 due to amendment fees paid to the lender during the quarter and due to interest being paid in cash rather than capitalised. As a result, the Net Cash Outflow from Operating Activities during Q1 2024 was $22.6m (down $52.1m from the $29.5m inflow in Q1 2023). More detail on these items is shown in section 2 below.
EOS’ cash balance at 31 March 2024 was $72.4m, and broadly in line with EOS’ expectations.
This represents an increase of $1.4m from the 31 December 2023 cash balance of $71.0m, and includes $33.6m of net proceeds raised from the institutional component of the equity capital raising during March 2024. More details of the cash movements during Q1 2024 are set out below.
Since the end of the quarter, the following occurred:
• EOS received net proceeds of $1.9m from the Share Purchase Plan (‘SPP’), as
announced on 22 April 2024.
• EOS repaid debt of $20.5m on schedule, as announced on 10 April 2024.
The following is a summary of key recent announcements by the Group:
Click to expand...
 
EOS - Yes it's continued it's fall since last update, now down to 1.365. It was showing a profit of 76% this year on the 20th March but that gain is only about 15% now. :eek:
 
1st quarter of the year was excellent but the 2nd quarter was not so good, pulling back to where it started the year off. But the middle of June has seen a bit of a turn around in price hopefully heading back up to the $2 mark or higher soon.

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A nice announcement, paying off debt while increasing revenue - "EOS’ unaudited cash balance at 30 June 2024 was $52.2m. This compares to a cash balance of $72.4m at 31 March 2024, and follows the previously announced repayment of $20.5m of debt during April 2024."

​
Electro Optic Systems Holdings Limited (“EOS” or “Company”) announces it achieved unaudited revenue of approximately $142.6m for the six months to 30 June 2024, an increase of 92% on prior year. The unaudited 30 June 2024 cash balance was $52.2m.​

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debtfree said:
1st quarter of the year was excellent but the 2nd quarter was not so good, pulling back to where it started the year off. But the middle of June has seen a bit of a turn around in price hopefully heading back up to the $2 mark or higher soon.
Click to expand...

July update 2024 Comp

EOS is going in the right direction in July. Now looking to see how it goes at the $2 mark. Up 83% this year so far.

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2024 CY Comp - August update ....... EOS is up 44.23% so far this year and was going ok until 1st Aug and after. Down nearly 20% this month, I don't want to see it under $1.50.

EOS - Investor Presentation published 27th August - Summary just below.
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2024 CY Tipping Comp - Sept update.

Well I spoke too soon, not wanting to see EOS under 1.50. Down it went, under 1.50 and even a low of 1.225 :eek:. It did bounce back,but only to 1.50 and has now settled at 1.415 for the end of the month.

Still up 36% for the year so far but it needs to get a move on for this last quarter.
 
debtfree said:
2024 CY Tipping Comp - Sept update.

Well I spoke too soon, not wanting to see EOS under 1.50. Down it went, under 1.50 and even a low of 1.225 :eek:. It did bounce back,but only to 1.50 and has now settled at 1.415 for the end of the month.

Still up 36% for the year so far but it needs to get a move on for this last quarter.
Click to expand...

Their growth forecasts look similar to the industry average, this will cause investor boredom and then a possible sell off. EOS need to increase sales and decrease overheads, if they can manage that there will be another good growth cycle.
 
JohnDe said:
Their growth forecasts look similar to the industry average, this will cause investor boredom and then a possible sell off. EOS need to increase sales and decrease overheads, if they can manage that there will be another good growth cycle.
Click to expand...

2024 CY Comp - Oct update.

Looks like you're right @JohnDe, price is falling back and it's not looking so good. EOS was up about 100% at one stage this year (March) but only about 35% now.
 

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