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An announcement from Firan Tech ( (TSE:FTG) ) is now available.
Firan Technology Group reported first-quarter 2026 revenue of $47.3 million, up 10.3% year over year, driven by organic growth across its Circuits and Aerospace divisions and stronger bookings and backlog. Despite lower adjusted EBITDA, the company delivered higher adjusted net earnings, generated $4.9 million in free cash flow and maintained low net leverage, underscoring a solid balance sheet.
Operationally, FTG advanced its defence business with initial orders on two classified programs, ramped deliveries for China’s C919 and De Havilland’s DHC-515 aircraft to reduce U.S. tariff exposure, and achieved record profitability at FTG Aerospace Calgary. The group also deepened its presence in the growing space sector by supplying components for NASA’s Artemis mission, reinforcing its positioning in specialized aerospace and defence markets.
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 is a Toronto-based manufacturer serving the aerospace, defence and space sectors with printed circuit boards and cockpit and aircraft display products. The company focuses on both commercial and military programs globally, and has been expanding its footprint through its Circuits and Aerospace divisions, including its newer FTG Aerospace Calgary site.
Average Trading Volume: 118,346
Technical Sentiment Signal: Buy
Current Market Cap: C$533.7M
Learn more about FTG stock on TipRanks’ Stock Analysis page.