Thank you for your analyse.
Yves
Sales are expected to rise to $246M in 2028 from $91M last year. While no 2028 EPS forecast is given, at that level of sales we would expect EPS of perhaps 20c, up from 9c in 2024. There are no guarantees of course, but recent contract announcements have accelerated, and its US acquisition expands its market. As the industry and customers accept the benefits of its technology, it 'should' be able to expand its sales and customer base sharply, as long as technology and customer service remains good. With such a company and business and sector, success does tend to breed more success. So far, it has done many things right and kept its balance sheet strong. It has been (so far) a long sales cycle but this may start to shorten up. Higher defense spending is certainly a tailwind for the company. In its corporate presentation, it outlines a $900M sales 'plan' with no set timeframe.