fyi, reported also to tex4ht bug tracking https://puszcza.gnu.org.ua/bugs/index.php?424
This is a problem I knew about for years now, and never got the chance to ask about it except now.
When using ...
When running dvisvgm to convert a dvi file to svg I'm loosing the text information which is part of the eps file.
When running pdflatex the output is correct.
I have a single input file as follows.