Ann: XTEK Half Yearly Report and Accounts, page-5

A flop only if you were hoping for short term gains.
On my side, whether the revenues are part of the first half or the second half is irrelevant. For all we know, the payments have already been made, 2 month in the second half.
I quite liked the update on the XTclave also. It will be a big driver next financial year IMO.
Happy to hold long term, and will keep accumulating if the price goes south.
I see the company as very well run for the moment. Agency growing, security spending will only go up in the short term. They are also diversifying their revenues through the UAV, ROV services, and some growth potential with XTclave. All this actually limit the amount of risk.