MTI Wireless Edge, the provider of communications and radio frequency solutions, is seeing demand for its products and services across multiple geographies and sectors. FY19 performance was in line with forecast with revenue up 13% to $40.0m (ACLe: $39.8m) and PBT +29% to $3.4m (ACLe: $3.6m). Operating cash flow was very strong up 148% to $5.6m (ACLe: $4.2m) and net cash increased $3.3m to $7.7m (ACLe: $5.7m). Distribution and Professional Consulting Services performed well (+35% to $11.5m) a
02 Mar 2020
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Diversified portfolio offers multiple growth areas
MTI Wireless Edge Ltd (MWE:LON) | 46.0 0 0.0% | Mkt Cap: 40.4m
- Published:
02 Mar 2020 -
Author:
David Johnson -
Pages:
4
MTI Wireless Edge, the provider of communications and radio frequency solutions, is seeing demand for its products and services across multiple geographies and sectors. FY19 performance was in line with forecast with revenue up 13% to $40.0m (ACLe: $39.8m) and PBT +29% to $3.4m (ACLe: $3.6m). Operating cash flow was very strong up 148% to $5.6m (ACLe: $4.2m) and net cash increased $3.3m to $7.7m (ACLe: $5.7m). Distribution and Professional Consulting Services performed well (+35% to $11.5m) a