Agree your point but they probably felt they had to get it out given it should be market sensitive even if no one is looking past the red. The significance here to me is threefold.
As I understand it XTatlas is generic technology which works on different SUAS platforms. I think (hope) that means it is likely to be backed more widely by SUAS manufacturers than it would be if it were technology offered by only one of them.
Secondly government procurers of technology often watch what users (defence, security etc) in the home market do before they will move. This is only a small order for evaluation but if it leads to adoption here it could lead to much bigger orders overseas assuming it is as effective as XTE say.
Thirdly if there are volume sales the return will be much better than from agency sales. As I have commented before, XTE is interesting in that it pays its way day-to-day with agency sales but the big returns will come when one of its own IP products sells well.
XTE Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
