Firan Technology Group Corp FTGFF

Primary Symbol: T.FTG

Technology

Firan Technology Group Corporation is a Canada-based aerospace and defense electronics product and subsystem supplier. The Company supplies its products to customers around the globe. The Company operates through two units: FTG Circuits and FTG Aerospace. FTG Circuits is a manufacturer of printed circuit boards standard rigid products, High-density interconnect (HDI), RF circuitry, Thermal management, Rigid flex and assembly. FTG produces boards utilizing traditional PCB manufacturing processes and a licensed Averatek's A-SAPTM Semi-additive process. FTG Circuits customers are in the aviation, defense and space industries. FTG Aerospace designs and manufactures Avionic sub-system hardware, including backlit control panels and assembly, integrated switch panels, MCDU keyboards, primary display bezels, cursor control devices and advanced control panel assembly LRUs. The Division's products are utilized in flight and simulated devices in commercial aero and defense platforms.

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Firan Technology Group Corp > Q2 , cheap stock?

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Post by Possibleidiot01on Jul 13, 2022 5:59pm

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Post# 34822277

Q2 , cheap stock?

No surprises here. High cash balance , industry recovery ( bookings) and sales up. Company @ $1.85 now selling for roughly two quarters worth of revenues

FTG achieved a sixth sequential quarter of increased bookings as the aerospace industry recovers from the COVID-19 pandemic
Second quarter bookings of $27.6M are up 6% over Q1 2022 and up 45% over Q2 2021 and is the best bookings quarter since Q4 2019
FTG has maintained strong liquidity with net cash on the balance sheet of $16.8M, after investments in the quarter of $0.4M for capital expenditures and $1.6M for research and development
Sales for Q2 2022 were $22.3M, which is an increase of 9.8% over Q2 2021 and an increase of 9.1% over Q1 2022