Good Q3 update from MTI Wireless Edge Ltd (MWE.L). Each division (MTI Summit, Antenna and Mottech) demonstrated revenue growth and remained profitable. Overall, 9m revenue +8% to $34.8m and EBITDA +14% to $4.6m. Net cash remains a healthy $5.2m. Q4 has started well with two contract wins already announced for the Antenna division in India and Israel worth $1.2m in total. India represents a major opportunity for MTI’s 5G backhaul solution given the number of Eband towers that will be required. Th ....
21 Nov 2022
MTI Wireless Edge Q3 Update
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MTI Wireless Edge Q3 Update
MTI Wireless Edge Ltd (MWE:LON) | 42.0 -0.4 (-2.3%) | Mkt Cap: 36.8m
- Published:
21 Nov 2022 -
Author:
David Johnson -
Pages:
3
Good Q3 update from MTI Wireless Edge Ltd (MWE.L). Each division (MTI Summit, Antenna and Mottech) demonstrated revenue growth and remained profitable. Overall, 9m revenue +8% to $34.8m and EBITDA +14% to $4.6m. Net cash remains a healthy $5.2m. Q4 has started well with two contract wins already announced for the Antenna division in India and Israel worth $1.2m in total. India represents a major opportunity for MTI’s 5G backhaul solution given the number of Eband towers that will be required. Th ....