I'm finally getting around to looking at this. I'm only on page 3 and this immediately jumps out at me.
"50 full-time employees located in Israel high tech industrial zone"
Wow. 50 full-time employees making just $25/hr x 40 hrs/wk x 12 weeks, would work out to $600,000 in salary alone for the quarter.
I wonder what they are paying them in Israel? I wonder what they are paying 50 of them to do!
Those 50 full-timers, plus whatever employees we have in North America, really need to step it up and start generating revenue in excess of their salaries.
With revenues barely being over $250,000 in Q3, I sure hope they are making less than what our minimum wage would be over here in North America. Heck, just $10/hr x 40 x 12 would equal $240,000. Never mind what Bruce and the others are making each quarter. No wonder EUO is losing money.