Bullboard - Stock Discussion Forum Firan Technology Group Corp T.FTG

Alternate Symbol(s): FTGFF

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... see more

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Firan Technology Group Corp > Full Year and Fourth Quarter 2023 Financial Results T.FTG

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Post by Betteryear2 on Feb 07, 2024 5:33pm

Full Year and Fourth Quarter 2023 Financial Results T.FTG

TORONTO, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced financial results for the full year and fourth quarter of 2023.

Full year bookings were $149.5M, up 32% over 2022.
Fourth quarter bookings of $39.0M were up 9% sequentially and up 22% year-over-year.
FTG full year revenues increased by 51% to $135.2M, including $22.9M from acquisitions.
FTG achieved Adjusted EBITDA for the full year of $19.4M (2022 - $8.8M), and $6.0M for Q4 2023 (Q4 2022 - $2.9M).
FTG has maintained a strong balance sheet with net debt of $3.6M, after investments in the year of $25.4M for acquisitions, $6.5M for capital expenditures and $5.9M for research and development.
FTG achieved Adjusted Net Earnings of $7.0M for fiscal 2023 and $2.4M in Q4 2023.

Firan Technology Group Corporation (“FTG”) Announces Full (globenewswire.com)