Ann: XTEK Investor Presentation, page-5

Dirko and Drifter. As a long term holder what I find boring is how long it is taking the market to re-rate XTE.
As the presentation shows, XTE has gone from a loss of $1.08m to profit of $0.23m in the last four years, positioned itself with two technologies either of which could potentially make the company, secured capital if needed and eliminated debt.
Agency sales can be lumpy as with last year's UAS win but usually agency business ticks over selling kit to security services and military to provide a base for the business.
Shares are certainly tightly held with Top 20 holding 77% of 21m at June. Again, not necessarily a bad thing once you have a position.