Always hard to see clearly through the financials, but historically margins haven't been great for XTE, although until more recently they didn't dilute shareholders much which was a plus.
Two big features over the year was acquisition and investment in Adelaide plant. If you believe that a lot of ancillary cost for these investments were expensed in these financials than turning a profit looks okish.
I'm liking the macro theme with this one, and you'd hope Highcom is booming given the unrest in the USA of late. Could prove to be a very fortunately timed acquisition.
XTE Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
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