Very promising indeed.
Profit from operations still some 18 months away, but by then the company will have major earnings from three regions: US/UK/AUS. The reference to the UK is great news and will be supported by farming out work to the US facility by years end. From there it may be a case of rinse and repeat in Europe.
The company will establish a dedicated R&D facility in Adelaide. Anticipate some concerted moves into other non defence related industries during 2025 and with that a whole new income stream. Lots to like.
Ann: Preliminary Final Report, page-7
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