MTI Wireless Edge Reports Solid Growth and Stable Revenues

MTI Wireless Edge (GB:MWE) has released an update.

MTI Wireless Edge Ltd., a technology group specializing in communication and RF solutions, reports a stable revenue of $22.3 million with a notable 18% rise in EBITDA to $3.3 million, and a 10% increase in pre-tax profits to $2.3 million for the first half of 2024. The Antenna division saw a 16% sales increase, particularly from defense and 5G sectors, while the Water Control & Management division faced a revenue drop yet improved profitability. The company maintains a strong financial position, with a robust order backlog and high inquiry levels promising continued growth.

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