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Firan Tech ( (TSE:FTG) ) has provided an update.
Firan Technology Group reported strong top-line momentum in the first quarter of 2026, with bookings climbing 17% to $60 million, revenue up 10.3% to $47.3 million and backlog rising 11% to $157.9 million, while maintaining low net debt of $4 million and generating $4.9 million in free cash flow. Profitability was mixed, as adjusted EBITDA slipped to $7.3 million from $8.4 million even as adjusted net earnings improved to $3.5 million, supported by growth in the Circuits and Aerospace units, record results at the Calgary aerospace site, ramp-up on China’s C919 and the DHC-515 firefighting aircraft, and incremental work on classified defence and space programs that bolster FTG’s longer-term positioning despite near-term margin pressure.
The most recent analyst rating on (TSE:FTG) stock is a Buy with a C$18.50 price target. To see the full list of analyst forecasts on Firan Tech stock, see the TSE:FTG Stock Forecast page.
Spark’s Take on FTG Stock
According to Spark, TipRanks’ AI Analyst, FTG is a Outperform.
The score is driven by solid underlying financial performance (growth with improving profitability, though with margin/cash-conversion and leverage-trend risks) and strong bullish technicals. This is partially offset by a less attractive valuation (P/E ~31) and near-term execution/cost headwinds noted on the earnings call (tariffs, integration SG&A, and capacity ramp constraints).
To see Spark’s full report on FTG stock, click here.
More about Firan Tech
Firan Technology Group Corporation is a Toronto-based manufacturer serving the aerospace, defence and space sectors through its Circuits and Aerospace divisions. The company produces advanced printed circuit boards, cockpit and avionics products, and interface panels, with an expanding presence in defence programs, commercial aviation platforms and emerging space applications.
Average Trading Volume: 118,346
Technical Sentiment Signal: Buy
Current Market Cap: C$533.7M
See more data about FTG stock on TipRanks’ Stock Analysis page.