Ann: XTEK completes $7.1m of FY23 SUAS spare parts delivery, page-13

There's definitely a spring in the CEO's step.

If we come out above $82m guidance by more than a couple mil we could get a nice pop up.

The two most important figures that will be revealed very shortly are : unearned revenue balance remaining and FY24 guidance.

If the unearned revenue is largely complete at end of June (as I expect) and FY24 guidance is very strong again, this stock may turn around and gradually re-rate materially higher. The market has become addicted to hearing news of large contracts from single customers, but to be honest I don't think the market really needs to hear about it. Plus it only highlights customer risk. If guidance is attractive, the market won't care to hear about how it gets there, so long as margins stay strong and the work generates cash receipts (i.e. not more prepaid work that was already paid for in a prior period).

It also allows for some easy cash forecasting.

Good to see we will get some figures right on year end, their reporting functions like a company 10x its size.

Just my opinions.