TEE had a good run into the widely anticipated Telstra deal then it pulled back hard from 7.5c. There was some disappointment I think that contract was only 900k. I've spoken to the CEO Ian May and what hasnt been appreciated is that the deal has been split. So Telstra has signed another 900k contract with them and these will be repeated.
The margins are very good on these contracts. So TEE has an excellent revenue stream and the prospect of more to come. It also doesnt factor in its other atmospheric profiler product. At its current cap of under 10m this one is a snap imo.
Add to My Watchlist
What is My Watchlist?
