Ann: New A$4.7m Ballistics Product Order, page-5

So Armor revenues will be ~$15m and Technology will be $10-15m so a total of ~$25-30m in 2H24

The big question is margins......arguably this sale if done of existing inventory would have been at reduced prices so the Armor division will be close to 20% and Technology hopefully more given a decent share of that is spares and support (so say 40%)

If we assume an average gross margin of ~30% on sales of ~$30m we get a gross margin of ~9m which is very borderline for EBITDA positive given their cost base of ~10m per half (perhaps they made some saves here, but redundancies and commissioning the move of XTclave is not going to be cheap)......I suspect EBITDA positive is going to be excluding one off costs unless they can book another $5-10m in the remaining 2.5 mths.