MTI Wireless Edge Shows Profit Growth Amid Stable Revenue

MTI Wireless Edge (GB:MWE) has released an update.

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.

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