Ann: Shareholder & Investor Presentation, page-42

I've taken a small position today. Seems like a bit of confusion over the actual numbers, but there will be profit this half which is always a good sign for a $8m market cap company.

Honestly I'm surprised there isn't more attention to the XTclave system. It appears to be a better way to manufacture lightweight composites well beyond just the armour market. Some sort of contract or approval from the DoD would be huge. There is a long way to go given the capitalisation, but a JV or agreement with a bigger player to bring this tech to other industries like planes and cars would be huge.