Cash as at 31 December 2013 was $1,248,092 with zero finance. This puts the Company in a comfortable cash position.
Our good sales effort has resulted in a significantly higher than usual order book moving into H2. It is positive to note that over $3m worth of orders have already been secured for the remainder of the financial year.
The Company’s efforts to develop an in-house UAV Services capability are now at an advanced stage. This capability will be of a non-military/law enforcement nature, focusing on the provision of UAV mapping, photography, training and related maintenance services to the mining, agricultural, environmental and emergency service sectors. This will be a new business activity, predominantly undertaken by the Logistic Engineering Division.
XTE Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)