XTE trading under recent CR (69) and pricing on 1 x revenues....

XTE trading under recent CR (69) and pricing on 1 x revenues.

Question with this stock is quality of IP, does drones etc but future will be where it holds it's IP which is armour.

Here's what they do https://www.asx.com.au/asxpdf/20200909/pdf/44mgjrcghntb4p.pdf

Have traded this with some success over last 12 mths or so but they need contracts for their Armour products within defense or police sectors, they have a newly completed manufacturing facility in Adelaide so will be supported by ADF and Government.

If they get some international contracts (already have one) this will rerate, if not your on your own, support needs definition and probably not there yet but would suggest getting close. DYOR.