Ann: XTEK Market Update - Summary of Appendix 4E, page-2

The update and the 4E show steady progress and as far as I can see no nasty surprises. Earlier revenue and cash in bank news is confirmed and we learn XTE traded profitably and profit is up for FY18, albeit small and from a low base last year. The other good news is the first sales of XTAtlas SW. To me the takeout from the last two years results is that XTE is on track and we can have confidence in what the Board says about future revenues/earnings.

As noted in an earlier post though as a small-cap we remain under the market radar. While steady growth is great XTE is going to have to do something big preferably with its inhouse products to get recognition.