Adding to that, they have 18M accumulated losses. Now that the company will become profitable again, the after tax profits should be even better.
Good to see them exhibiting at the ANZ forensic science international sympsonium in Adelaide. http://www.aomevents.com/ANZFSS2014
By growing the range of products and actively marketing it, we should see a good increase in revenues for 2015.
Also, i wonder what they got from the sale of the half share of the JV with Armor australia.
"The Company successfully concluded an Equipment Sale and Software Licence Agreement with Armour Australia on 25 June 2014. The Agreement provides for the termination of the Hydroclave Joint Venture Agreement between XTEK and Armor Australia and for the subsequent sale of the remaining half share of the Joint Venture Hydroclave plant to Armor Australia."
XTE Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held