H1 profit could be around 0.5 mil if revenue is $5 mil, major profit growth should be in H2 combined with R&D tax refund. If H2 normal business revenue remain the same around $5mil, this will generate $0.5 mil profit, R&D refund could be another 0.5 mil. UAV $7.7 mil I put only $1.5 mil profit(could be higher). H2 profit at least $2.5 mil. FY15 net profit should be >$3 mil. $30 mil market cap should bring share price to around $1.5.
XTE Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held