Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
162.10M | 135.20M | 89.62M | 79.36M | 102.44M |
Gross Profit | ||||
44.18M | 45.83M | 21.31M | 17.13M | 26.42M |
EBIT | ||||
0.00 | 21.72M | 2.49M | 751.00K | 7.60M |
EBITDA | ||||
25.73M | 22.26M | 7.92M | 8.42M | 10.69M |
Net Income Common Stockholders | ||||
10.81M | 11.62M | 698.00K | 170.00K | 1.39M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
9.96M | 6.62M | 15.67M | 20.20M | 19.03M |
Total Assets | ||||
134.98M | 125.71M | 83.75M | 79.45M | 86.68M |
Total Debt | ||||
35.31M | 35.18M | 13.59M | 12.94M | 18.86M |
Net Debt | ||||
25.35M | 28.56M | -2.08M | -7.26M | -168.00K |
Total Liabilities | ||||
62.14M | 65.38M | 34.45M | 28.41M | 35.39M |
Stockholders Equity | ||||
72.15M | 59.53M | 48.33M | 50.10M | 50.28M |
Cash Flow | Free Cash Flow | |||
6.88M | 4.77M | -1.05M | 4.73M | 12.56M |
Operating Cash Flow | ||||
14.13M | 11.30M | 11.26M | 7.63M | 15.78M |
Investing Cash Flow | ||||
-7.24M | -23.77M | -12.02M | -2.95M | -2.87M |
Financing Cash Flow | ||||
-4.34M | 3.57M | -1.73M | -2.70M | -1.17M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
79 Outperform | C$3.41B | 42.37 | 7.09% | ― | 33.74% | 61.09% | |
72 Outperform | $11.18B | ― | -5.31% | ― | 1.44% | -183.14% | |
65 Neutral | C$173.44M | 15.21 | 16.43% | ― | 18.03% | -6.83% | |
65 Neutral | $4.04B | 21.36 | 35.85% | 1.59% | -20.75% | -78.02% | |
61 Neutral | $8.22B | 13.01 | 0.73% | 3.10% | 3.88% | -16.90% | |
60 Neutral | C$3.83B | 43.02 | 5.30% | ― | -7.46% | -49.87% | |
50 Neutral | $3.85B | ― | -13.55% | ― | -26.72% | 77.64% |
FTG announced significant financial growth for the full year and fourth quarter of 2024, with a 25% increase in bookings and a 20% rise in revenue. The company maintained a strong balance sheet and achieved strategic milestones, including successful integration of acquisitions and securing key contracts. Subsequent to year-end, FTG further enhanced its market position through the acquisition of FLYHT Aerospace Solutions Ltd., expanding its aerospace aftermarket presence and product offerings, and announced plans to open a new facility in India to support growth.
Firan Technology Group Corporation reported significant financial growth in 2024, with a 25% increase in total bookings, a 20% rise in revenue to $162.1 million, and a 47% increase in adjusted net earnings. The company maintained a robust balance sheet and invested in existing sites to promote organic growth. FTG’s strategic capital deployment aims to enhance shareholder returns and improve its market position, reflecting a strong operational outlook.
Firan Technology Group Corporation is set to announce its full year and fourth quarter 2024 financial results on February 19, 2025. The announcement will be followed by a live conference call hosted by the President and CEO, Brad Bourne, to discuss the financial outcomes. This financial disclosure is crucial for investors and stakeholders as it provides insights into the company’s financial health and operational performance, potentially affecting its market positioning in the aerospace and defense sectors.
Firan Technology Group Corporation (FTG) has announced the launch of a new aerospace facility in Hyderabad, India, which will begin production by the end of 2025. This strategic expansion is part of FTG’s ongoing efforts to increase its global footprint, particularly in the growing Indian aerospace and defense market, supported by India’s ‘Make in India’ initiative. The facility will focus on manufacturing cockpit products and will serve both local and international clients from a location within a Special Economic Zone, facilitating tariff-free trade. The new Hyderabad site marks FTG’s fourth country for aerospace manufacturing and underscores its commitment to delivering high-quality solutions in the aviation and defense sectors, emphasizing Human Machine Interface (HMI) devices.
FTG Corporation has finalized a new 3-year banking agreement with BMO Corporate Finance, securing $10 million each in revolving operating and term credit facilities, along with a $15 million accordion facility for acquisitions. This agreement is designed to enhance FTG’s operational flexibility and reduce costs, supporting its growth and corporate development objectives, which may strengthen its market position in the aerospace and defense sectors.
FTG Corporation has been selected by De Havilland Aircraft of Canada Ltd. to supply cockpit control assemblies for the new Canadair 515 firefighting aircraft, marking a significant achievement for the company. This contract highlights FTG’s capacity to deliver high-quality Canadian-made components, reinforcing its position in the aerospace industry and supporting the growth of aerial firefighting operations with its sophisticated cockpit panel assemblies.
FTG has received approval from the Civil Aviation Administration of China to operate as an Approved Maintenance Organization (AMO) through its FTG Aerospace Tianjin unit. This approval allows FTG to maintain and repair aeronautical instruments and display devices, enhancing its capability to support customers throughout their product lifecycle, particularly on the C919 aircraft in China. This certification is a strategic milestone for FTG as it seeks to expand its presence in the large aftermarket segment of the aerospace industry, potentially strengthening its market position and offering new opportunities for growth.
Firan Technology Group Corporation has successfully completed its acquisition of FLYHT Aerospace Solutions, making FLYHT a wholly-owned subsidiary. The acquisition aims to strengthen FTG’s presence in the commercial aerospace aftermarket and expand its SATCOM product offerings. FLYHT shares will be delisted from the TSX Venture Exchange as a result.