Usually you get some percentage on delivery, though another poster here was saying that XTE have some creative cash receipt timelines for their contracts, so it would be difficult to know. Maybe a good question for the AGM? I did notice in their books that for contracts paid up front they add a liability entry for undelivered work, so final delivery does improve the balance sheet, so if some of these contracts landing on this side of EOFY will contribute to their revenue guidance.
XTE Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
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