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Firan Technology Group Corp T.FTG

Alternate Symbol(s):  FTGFF

Firan Technology Group Corporation is a Canada-based aerospace and defense electronics product and subsystem supplier to customers around the globe. The Company has two operating units: FTG Circuits and FTG Aerospace. FTG Circuits is a manufacturer of printed circuit boards within the global marketplace. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill Massachusetts and a joint venture in Tianjin, China. FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and electronic assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, and Tianjin, China. FTG Circuits products include high temperature rigid flex, rigid flex and assembly, and thermal management. FTG Aerospace products include aerospace chassis and assembly, backlit control panels, and backlit control panel assemblies.


TSX:FTG - Post by User

Post by Possibleidiot01on Apr 21, 2021 7:27am
256 Views
Post# 33035430

Q 1 call

Q 1 callI've taken my time to see if anybodyelse would comment and to buy more.
Management was much mor econfident than a year ago when they hit a brick wall. Started by saying operational challenges were over ; in chatsworth at one time between Covid and self isolating - 50% of employees were missing. See the commercial business on a 2 to 3 year recovery.
Mentioned $51.4 million inliquidity.
Downward trend ended. Incresed confidence.
New avionics contract development costs funded by customer - potentially $2 million a year.
Also potential reshoring ( seems to be a real theme) of business with  2 old customers to Toronto
.Positive call ; unfortunately forgot the AGM being an idiot.
GLTA
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