Medium to long term potential is very strong but it does say on slide 13 that 'as usual, half year results to be soft'. And I notice the cash balance has gone from $4.8mil at 30Sep to $3.5mil currently but I suppose the capital raisings in Jun/Jul were to invest in the business and they've said $200k has been invested in XTatlas and $500k to start the new ballistic factory in Adelaide.
They might only have $4mil in sales revenue this half but that will look fantastic against the $1.13mil in 1H/FY17. And they are keeping their sales revenue forecast of $11 to $18mil for the full year.
Announcements about contracts/orders between now and the end of Feb when the half yearly results will be announced will probably mean we won't be able to pick up many more cheap shares unfortunately.
XTE Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held