News blog

MTI Wireless Edge Ltd

  • BY: Andrew Hore |
  • POSTED: 11/01/2011 |

Broadband and military antenna developer MTI Wireless Edge had a strong last quarter to 2010.

Fourth quarter revenue of $3.8m was one-fifth higher than the year before and 8% higher than the third quarter. The current run rate of revenues is likely to continue into 2011.

Revenues were nearly $13.5m in 2010 and could be more than $15m in 2011.

The order book is worth $5.5m and most of that should be delivered in 2011.

At 13p a share, up 1.75p, MTI is valued at 6.7m.

Full year figures will be published in February. 

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