XTE 1.77% 57.5¢ xtek limited.

Ann: Press Release - XTEK & Morgan Announce Partn, page-9

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  1. 4,861 Posts.
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    re: Ann: Press Release - XTEK & Morgan Announ... poloker,

    if one read its 1H report carefully with some accounting background and knowledge of company history, he can assume the following:

    their 2H revenue will be $3mil + some recurring order and service say + UAV revenue for June Q (I read somewhere their 2 unmanned aeroplanes have been fairly busy) + extra revenue from new partnership for bomb suites + US Xtclave testing, I would assume their 2H revenue will be $4mil plus, with 50% margin on operating expenditure as indicated in all past report, it will generate $2mil gross revenue, then minus staff and inventory say $1mil, it will have somewhere around $1mil profit, minus first half 600k, so they will have somewhere 300-400k net profit for FY14.

    and the main reason I am in this one for big was because I am waiting their testing result for US army, only one yr away.
 
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