This looks like a great result on first quick reading. Revenue jumps from $3.3m in 2016 to $9m in 2017 and we go from a loss of $1.5m to a profit of $61k. Sure the profit is small but XTE is back in the black. And this is with the big UAS impact on bottom line still to come in 2018. There are not many small caps with cash in the bank and no debt plus the income prospects of XTE. The long wait for XTE to perform might now be over.
XTE Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
