Q3 results from MTI Wireless Edge, the provider of communications and radio frequency solutions to multiple sectors, were in line with expectation with 9m revenue up 12% to $29.0m and operating profit by 33% to $2.5m. Distribution and Professional Consulting Services was the standout performer (+36% to $8.1m) but Mottech also continues to perform well (+13% to $12.0m). Cashflow from operations was particularly strong at $4.0m (9m FY18: $1.6m) and period end net cash was $6.2m. Management repo
25 Nov 2019
Order book growth across all divisions
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Order book growth across all divisions
MTI Wireless Edge Ltd (MWE:LON) | 42.0 0 0.0% | Mkt Cap: 36.8m
- Published:
25 Nov 2019 -
Author:
David Johnson -
Pages:
2
Q3 results from MTI Wireless Edge, the provider of communications and radio frequency solutions to multiple sectors, were in line with expectation with 9m revenue up 12% to $29.0m and operating profit by 33% to $2.5m. Distribution and Professional Consulting Services was the standout performer (+36% to $8.1m) but Mottech also continues to perform well (+13% to $12.0m). Cashflow from operations was particularly strong at $4.0m (9m FY18: $1.6m) and period end net cash was $6.2m. Management repo