
$EOSE's 10-Q reveals huge revenue & customer issues that CEO Joe clearly doesn't want investors to know
51% of Revenue ($28.9m) came from the UK
Which customer is in the UK? Frontier Power UK (connected to Cerberus, Eos's PE owner)
But digging deeper gets dirty:
- Import-Export Databases reveal 0 shipments by Eos or any of it's subs to the UK...so 51% of Q1-26 Rev is from batteries that were NOT actually shipped to the UK
- Meanwhile - Eos's 10-Q shows an unexplained 180% spike in Unbilled Receivables (aka contract assets). The spike almost perfectly matches the amount of revenue booked from Frontier Power UK
It looks like $EOSE both did NOT ship batteries to Frontier Power + did NOT bill for them!
This is a bombshell on top of the fact that Eos's new major customer was revealed this morning to be "Frontier Power USA," an entity that was only registered last week and which was created by Cerberus & Eos
During the hottest AI boom and demand for batteries ever $FLNC reported backlog increasing +100% YoY
Meanwhile, $EOSE's backlog is -5% YoY & their only hope now seems to be selling batteries to themselves
GFLTA


English
