Feb. 5 at 8:52 PM
$EOLS what an epic failure by executive management and the BOD.
Trading at 1X revenue 7 years after commercial launch, and basically ignored by the investment community.
Revenue guidance terrible.
No path to positive GAAP earnings due to executive management hogs gorging themselves at the RSU and stock option trough (
$20M impact annually!) and massive operating expenses that necessitate huge borrowing costs (
$20M impact annually!).
They talk about profitability in 2026 but they only mean non-GAAP. They won’t hit GAAP profitability until 2027…….9 years after their first product launch!
Shameful!
It is time for CEO to act like a grown up and slash operating expenses and give more realistic sales guidance (
$350M -
$360M in 2026) or else it is time to vote the BOD jokers out for not holding CEO accountable for this mess.
