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 > Mathieu Martin - Stocks and Stones - The Good, The Bad......

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Post by Possibleidiot01on Nov 07, 2024 9:57am

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Post# 36300862

Mathieu Martin - Stocks and Stones - The Good, The Bad......

The Good

Firan Technology Group (TSX: FTG), an aerospace and defence supplier, announced solid quarterly financial results. Revenues were up 18%, adjusted EBITDA was up 45%, and net earnings were up 109% year-over-year. The company also announced the acquisition of FLYHT Aerospace Solutions (TSX-V: FLY) for approximately $0.34 per share, a 41% premium to the last closing price. FLYHT had been struggling financially over the previous few years and had seen its share price decline over 90% from peak to trough. The acquisition looks very strategic and opportunistic for Firan. Assuming a smooth integration, which Firan has a solid track record of doing, FLYHT could become a profitable asset under Firan's ownership.