The plan is in the money, offering shares at $0.46, compared to the last traded price of $0.50.
As a result, XTEK has elected to accept all applications for parcels of securities of up to $5,000 in full.
Applications above $5,000 will be scaled back by 11%, similar to the scale back that was applied to investors who participated in the recent Placement.
In total the offer raised close to $1.5 million.
XTEK recorded unaudited income of A$8.93 million at the end of June, up from A$4.1 million at the end of March.
Not only does the company continue to exhibit strong signs of growth, but a strong sales pipeline suggests that this growth is going to continue.
XTEK believes it could double its revenue again in FY2018.