MTI Wireless Edge Reports Strong 2024 Results Amid Challenging Conditions

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

MTI Wireless Edge Ltd reported strong financial results for the year ending December 2024, despite challenging conditions in Israel. The company maintained stable revenues of US$45.6m and increased net profit by 3% to US$4.2m. With a record order backlog of over US$25m and anticipated global defense spending increases, MTI is well-positioned for growth in 2025. The company’s Antenna division saw significant growth, while the Water Management and Distribution divisions faced mixed results. Overall, MTI’s resilience and strategic positioning in defense and 5G markets underpin a positive outlook.

More about MTI Wireless Edge

MTI Wireless Edge Ltd, headquartered in Israel, is a technology group specializing in communication and radio frequency solutions. It operates through three core divisions: Antenna, Water Control & Management, and Distribution & Professional Consulting Services. The company is recognized for its high-quality antenna solutions for both military and commercial markets, remote control and monitoring solutions for water management, and consulting services in RF and Microwave solutions.

YTD Price Performance: 61.18%

Average Trading Volume: 154,120

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £59.04M

For an in-depth examination of MWE stock, go to TipRanks’ Stock Analysis page.