Today’s Q1 update indicates a solid start to FY20 at MTI Wireless Edge, the provider of communications and radio frequency solutions, with revenue +5% to $9.6m and EBIT +40% to $0.8m, reflecting gross margin improvement and operating leverage. Finance expenses were higher than usual given significant FX rate movements caused by COVID19 and some of this has already reversed. Cash generation was good at $1.3m and Q1 net cash was $8.6m. MTI operates across multiple geographies and sectors
18 May 2020
Q1 results: Solid start to FY20
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q1 results: Solid start to FY20
MTI Wireless Edge Ltd (MWE:LON) | 46.0 0 0.0% | Mkt Cap: 40.4m
- Published:
18 May 2020 -
Author:
David Johnson -
Pages:
2
Today’s Q1 update indicates a solid start to FY20 at MTI Wireless Edge, the provider of communications and radio frequency solutions, with revenue +5% to $9.6m and EBIT +40% to $0.8m, reflecting gross margin improvement and operating leverage. Finance expenses were higher than usual given significant FX rate movements caused by COVID19 and some of this has already reversed. Cash generation was good at $1.3m and Q1 net cash was $8.6m. MTI operates across multiple geographies and sectors