The quarterly report on 30/01/2017 - had on 12 months to date,...

The quarterly report on 30/01/2017 - had on 12 months to date, $25.5M cash from customers which is the proxy for revenue and net cash loss of ($2.57M). Hence we already knew the results will be a loss...
to get the loss to $0.8M, is good - because of the R&D grant offsetting the cash loss that was already known.

Reading Page 18 - I can only interpret that as positive...you got within 90 days, new contracts; verbatim

EOS expects multi-year defence contracts for advanced weapon systems to be in place
within the next 90 days, with each providing strong revenue and profit growth for several
years. The near-term outlook for EOS’ Defence Systems sector is strong.

The only thing that the market doesn't like would be this statement;

It is not practical to sell EOS sensors to space operators, because each individual operator
will need a small amount of data from each of many sensors. The EOS business model
pools the requirements of many users to deploy sufficient sensors to achieve the data
service levels required.

Probably the market doesn't understands this, and has resulted in a savaged SP