MTI Wireless Edge (GB:MWE) has released an update.
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MTI Wireless Edge reported stable revenues of $33.7 million for the first nine months of 2024, with a 10% increase in net profit to $3.1 million, driven by financial income and lower tax rates. The company sees strong growth prospects in its 5G and defense sectors, especially with increased demand from India and a rising global need for military antennas. Despite some regional unrest and operational challenges, MTI remains confident in its ability to continue delivering attractive returns for shareholders.
For further insights into GB:MWE stock, check out TipRanks’ Stock Analysis page.
