MTI Wireless Edge - Strong progress continues
MTI Wireless Edge (LON:MWE) reported results on 11 March for the full year to 31 December 2018. The results show continued strong progress following the August 2018 merger of MTI Wireless Edge with MTI Computers. Revenues increased by 35%, or 2% organically, operating profit +21% organically, and earnings per share (EPS) +14%. The statement also highlights a healthy order backlog and pipeline of opportunities going into 2019.
MTI Wireless Edge is engaged in the development and manufacture of antennas and antenna systems for myriad wireless markets. Co.'s product range encompasses a myriad of mainstream and niche applications, including wireless telecommunications applications for the commercial markets, as well as airborne, naval and tactical military antennas. Through its subsidiary, Co. also provides remote control solutions for water and irrigation applications based on Motorola IRRInet control, monitoring and communication technologies. Co. has operations in Israel, India, the U.S., South Africa and Australia.
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