Firan Technology Group Corp T.FTG

Q2 , cheap stock?

[Possibleidiot01]

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

 

[IFlyTheUnicorn]

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[Possibleidiot01]

A comment re financials.  LIQUIDITY AND CAPITAL RESOURCES June 3, 2022$November 30, 2021 $Total liquidity (cash, accounts receivable, contract assets and inventory) 52,358 53,981 Unused credit facilities1 23,673 22,540 Working capital 39,851 39,973 1 U.S. $18.6 million (2021 – U.S. $18.2 million) Q1 2022$Q4 2021 $Accounts receivables days outstanding6572 Inventory turns3.8 vs. 3.4 Accounts