1. Where did you get the 15% profit margin figure from? I would have thought that given the cost (both financial and time) of research for these weapons that the margin would be quite healthy. Kind of like biotechnology stocks: lots of early stage capital expenditure with no guarantee of returns, years of testing and validation, large high margin spoils to those that succeed. I don't remember seeing a figure quoted by the company anywhere, is this an assumption on your part or did I miss something?
2. I thought we weren't expecting space revenue until 2019ish. Has the company stated we will be seeing revenues this year? From the last 6 month report we have 2 sites operational and customers require 3 widely dispersed sites with 99% reliability before we will see revenue. Also from that report we are going to build a third site in central qld however I don't remember seeing an update on that since? They expect that site to be operational FROM 2019 so I would expect revenue won't be seen until mid 2019 at the earliest if not 2020??
Thanks mate.
EOS Price at posting:
$2.91 Sentiment: Buy Disclosure: Held
(20min delay)
