Sales and more salesLiberty is on a roll, after many years of development in fits and starts. They have now sold units to the TSA. to Los Alamos National Lab, to airports (Pearson in Toronto, in the Phillipines), and trials at Denver and Oakland airports, etc. They have held a successful trial for the military and defense agencies and have won awards..
The giant company Smith Detection bought several demonstration units. Large distributors such Rapidscan Systems and Point Security have signed on. This current sale to distributor Viken is 30 units, which means they are fully on board with showcasing the technology to their existing clients.
As sales ramp up, brand recognition will follow..
To look at relative valuation, XTRA also provides security screening that it states reduces lineups, compared to metal detectors. I can't see that it detects for non-metallic threats, so Hexwave is likely a superior product. This is evidence by their working with the TSA, which has already gievn them contracts worth over $ 3.5 million.
XTRA had sales of $ 9.3 million in the last quarter, up from $ 2.9 million the same quarter a year earlier, an increase of 231%. So you can see the growth potential once the product is accepted by the market, which Hexwave is now in the process of emulating.
XRTA trades at $ 0.70, having peaked this year at $ 1.24. XRTA has a market cap of $ 139 million.
Liberty is just $ 18 million. There is a huge amount of upside to come.