XTEK Limited announced revenue results for the year ending June 30, 2018. For the year, XTEK expects to achieve preliminary revenue (unaudited) of approximately AUD 17.2 million for fiscal year 2018. This represents a 91% increase on fiscal year 2017 revenue (AUD 9.0 million) achieved and is at the upper end of the company's revenue guidance of AUD 11 million to AUD 18 million . Cash bank at 30 June 2018 was AUD 5.9 million, which is more than double the cash position as at 30 June 2017 (AUD 2.8 million)

The operational progress achieved in fiscal year 2018 has placed the company in a strong position to build on its momentum in fiscal year 2019, with AUD 38 million of contracted revenue already in place. XTEK reconfirms its fiscal year 2019 revenue guidance of between AUD 17 million and AUD 26 million.