I agree with funkman. At the AGM yesterday the Chairman confirmed revenue was not expected to be as high as last year but remember 2015 was boosted by one big UAV deal. Absent another such deal Xtek seems to be taking a cautious forecasting approach for 2016. Forecasts will no doubt be adjusted if heightened terrorism concerns result in new agency orders such as from the kit upgrade just announced for Victoria Police. One intriguing bit of news yesterday was that the US Foreign Comparative Testing assessment of the XTclave armour has been extended by agreement with the US DoD for another six months. I hope this means the DoD is finding the XTclave technology of interest. If it was not I doubt they would bother continuing their assessment.
XTE Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held
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