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The latest update is out from XTEK Limited ( (AU:HCL) ).
HighCom Limited has flagged a weak first half for FY26, with unaudited revenue expected between $10.5 million and $11.0 million and an EBITDA loss of $5.0 million to $5.8 million, largely attributed to the temporary US Government shutdown that delayed contract awards, procurement activity and revenue recognition across its US operations, which generate about 75% of group revenue. Management expects much of this deferred revenue to shift into the second half, underpinned by momentum in its Technology business, recent orders in small uncrewed aerial systems, and a diversification strategy into direct-to-consumer channels and state-based procurement panels, and is targeting higher second-half revenue than the first half alongside a material improvement in EBITDA as US procurement normalises and margin-focused channel and product optimisation initiatives take effect.
The most recent analyst rating on (AU:HCL) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on XTEK Limited stock, see the AU:HCL Stock Forecast page.
More about XTEK Limited
HighCom Limited, listed on the ASX, operates through two main divisions: HighCom Armor and HighCom Technology. HighCom Armor designs, manufactures and supplies advanced ballistic protection products such as body armour, helmets and composite armour panels for global military, law enforcement and first responder customers, while HighCom Technology provides Australian defence and security agencies with small uncrewed aerial systems, sensor payloads, systems integration, engineering, maintenance, composite repairs and logistics support services, positioning the group as a defence and security technology provider with a strong US and Australian market focus.
Average Trading Volume: 186,485
Technical Sentiment Signal: Buy
Current Market Cap: A$31.83M
For a thorough assessment of HCL stock, go to TipRanks’ Stock Analysis page.