I was comparing with Adacel profits which is in the same sector. They made only 1.8M profit before tax last year, 0.9M the year before. They actually have a MC of 19M which is almost double XTE's one.
Since we know we will get around 4M profits after tax this year min, i cannot see the SP staying this low for long. We'll soon be at 1$ IMO.
only provider for UAV course & Defence top 20 contractor, page-2
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