MTI Wireless Edge (GB:MWE) has released an update.
MTI Wireless Edge Ltd., a tech group specializing in communication and radio frequency solutions, reports a steady Q1 2024 with revenues of $11.24m, a slight decline from Q1 2023’s $11.28m. The company saw a significant 20% increase in EBITDA to $1.68m and a 5% rise in earnings per share. Antenna division revenue grew by 13%, driven by commercial sales, despite military deliveries being lower than the previous year. The company’s strong financial position is underscored by a 133% boost in net cash from operating activities, reaching $1.25m.
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