Ann: XTEK achieves major delivery milestone for Defence SUAS Orde, page-4

that is not phrased very well - "With other key project milestones still due to be achieved before the end of FY23"

I hope they mean expected to be achieved, because they still need to book the remainder $5.9m ($26.9m less $21m recognised), and they have 11 business days to get there

The positive is they have not indicated any change in the FY23 guidance (revenues of $82m which means 33.5m in 2H23)

The negatives are:
- they have not indicated any change in FY23 guidance (so nothing changed since Feb)
- they have not announced any new contracts for the technology division (1H23 preso indicated some update on multi-year support order by 4Q23)
- they have not announced any material HighCom order either given a pipeline of ~$130m (where are these potential deals gone)

Well hopefully all will be revealed in ~6-8 weeks and I hope my assumption that they will at least deliver $82m in revenues for FY23 holds