Filtronic (GB:FTC) has released an update.
Filtronic PLC has reported a robust financial performance for FY2024, with revenue and adjusted EBITDA surpassing market expectations, due to strong H2 product demand and a strategic partnership with SpaceX. The company’s financial growth is reflected by an increase in revenue to £25.4m and adjusted EBITDA to at least £4.8m, alongside a healthy cash position. Filtronic’s successful ventures in the aerospace and defense sectors, coupled with significant investments in production capabilities, position the company for continued expansion and a promising new financial year.
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