A good recap of the report
https://www.aumanufacturing.com.au/xtek-rides-defence-concerns-to-new-highs
Interesting part:
"EBITDA profit was $10.9 million with the company ending the year with a cash balance of $6.9 million, compared to $36.2 million in FY22. FY22 cash included customer advances of $33.4 million for goods delivered in the latest year."
If I read this correctly, then the last year's cash was a bit of an accounting anomaly.
Ann: XTEK Limited FY23 Results Investor Update, page-18
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