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.

TSX:FTG - Post by User

Firan Technology Group Corp > earnings focus

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Comment by Mick67on Oct 15, 2022 9:02am

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Post# 35026503

RE:earnings focus

The negative you reference for cash is the purchase of the Chatsworth building.

Looks like net cash from Q2 to Q3 declined $6 million. The company had $5 milliion of FCF in the quarter. The building cost them almost $9million, and they bought almost $1 milion of shares. Almost explains it all. Cash holding in so well was positive.

With plans to sell the building net cash should be close to $20 million or almost $1 per share. Stock cheap. Managment has many options and should get very active with buyback.

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