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Firan Tech
(TSX:FTG)
Firan Tech (FTG) vs. S&P 500 (SPY)
Firan Tech Business Overview & Revenue Model
Firan Tech Financial Statement Overview
| 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 |
Firan Tech Technical Analysis
Firan Tech Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$200.88M | 14.89 | 17.82% | ― | 15.25% | 48.96% | |
75 Outperform | C$3.05B | 37.94 | 7.09% | ― | 33.74% | 61.09% | |
72 Outperform | $10.09B | ― | -5.31% | ― | 1.44% | -183.14% | |
66 Neutral | C$3.28B | 36.79 | 5.30% | ― | -7.46% | -49.87% | |
62 Neutral | $7.70B | 13.14 | 3.53% | 3.32% | 3.90% | -14.25% | |
54 Neutral | $2.62B | ― | -7.59% | ― | -31.15% | 30.02% | |
48 Neutral | $3.72B | 19.66 | -3.01% | 1.66% | -23.54% | -130.34% |
Firan Tech Earnings Call Summary
Firan Tech Corporate Events
Firan Technology Group Corporation announced the results of its annual general meeting, where all five director nominees were elected. The meeting also saw the appointment of McGovern Hurley LLP as the company’s auditor. The AGM was attended by shareholders representing 55.85% of the company’s common shares. This development is expected to maintain stability in FTG’s governance structure, potentially reinforcing its market position in the aerospace and defense electronics sector.
Spark’s Take on TSE:FTG Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTG is a Outperform.
Firan Tech’s strong revenue growth and strategic expansions, including acquisitions and new facilities, are key strengths supporting future growth. However, challenges such as margin compression, potential tariff impacts, and bearish technical indicators pose risks. The stock is fairly valued, reflecting a moderate investment potential.
To see Spark’s full report on TSE:FTG stock, click here.
Firan Technology Group Corporation reported a strong first quarter for 2025, with significant financial growth and strategic advancements. The company achieved a 37% increase in bookings and a 22.6% rise in revenue compared to the previous year. Key developments included the acquisition of FLYHT Aerospace Solutions Ltd., a contract with De Havilland Aircraft of Canada Ltd., and plans to open a new aerospace facility in India. These moves are expected to enhance FTG’s market presence and shareholder returns. Additionally, a new banking agreement with BMO Corporate Finance was completed, and leadership roles were strengthened with new executive appointments.
Spark’s Take on TSE:FTG Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTG is a Neutral.
Firan Tech exhibits strong revenue growth and effective cash management, which are significant strengths. However, declining margins and potential risks from increased debt and tariffs pose challenges. The technical indicators suggest bearish momentum, and the valuation shows the stock is fairly priced. Overall, Firan Tech presents moderate investment potential with strengths in strategic growth initiatives balanced by operational and market risks.
To see Spark’s full report on TSE:FTG stock, click here.
Firan Technology Group Corporation (FTG) announced the release of its first quarter 2025 financial results, scheduled for April 9, 2025, followed by a conference call on April 10, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning in the aerospace and defense electronics industry.
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.