Tipping this after a 100% gain when i first mentioned in STT comp. Special thanks to @ammie, for first mentioning this when it sub ~50c. I think this stock genuinely looks the goods.
Since then it has secured another US$5M contract bringing its total contract signed up 2025 to $23M AUD. Current sales represent a 600% increase in the CY24 revenue and they are securing contracts which provide some UPFRONT payment vs payment over several quarters Their previous quarterly suggests that they may need to raise, but management have made a comment that they are focussing on trying to secure as many contracts as possible and in a way that it does not need shareholder dilution through raises.
As of April 25 2025 they have $3.6M in cash and this is before US$5.35M and US$5.05M contract in May/Jun.
Looking at their past previous anns it may scale back to consolidate but with their involvement of the Northrop Grumman – FedTech Accelerator Program, this looks like it can still go multiples beyond the current sp with any further sales. This will open up a new path to them securing US DOD contracts, investor access and funding.
Now looking at their margins, I would expect in the coming months for this to be near $500- $1billion sp considering their margins on Halo are 74-82%, and their technology is best on market.
Most similar stock I can compare this to is DRO running up in 2024 having $57M in revenue and was trading at about $2-3billion.
It's not unrealistic to see more contracts flow through and this to become one of the more bigger players.
