XTEK (ASX:XTE) warns of ordered product shortfall

XTEK (ASX:XTE) warns of ordered product shortfall

Homeland security technology provider XTEK (ASX:XTE) has warned that a range of products it had been planning to add to its line do not meet the original specifications.

The company said it was actively working with the designer to resolve the technical issues, but that it will take up to six months to do so.

This delay will result in delayed revenue, XTEK said. The company is pursuing further initiatives to plug this gap.

XTEK recently entered a trading halt as a result of the problem. XTE shares were frozen at $0.024.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags ASX:XTE Defence Guidance XTEK

Show Comments