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 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.

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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