What MTI Wireless does
MTI Wireless Edge Ltd (LON:MWE) develops and produces high-quality antennas for the commercial, radio-frequency identification (RFID), and military markets.
The company’s products can be used for wireless and mobile internet applications, while its military hardware encompasses a wide range of broadband, tactical and specialised communications antennas and systems.
The group’s Mottech Water Solutions provides water management systems for agricultural irrigation.
How it's doing
MTI upped its dividend by a third as profits and cashflow picked up strongly over the past year.
Revenues rose by 13% to US$40mln (US$35.5m), with profits rising by 29% to US$3.4mln as margins benefited from a greater scale in manufacturing.
MTI is seeing increased demand for both military and 5G antennas, with a number of tests ongoing with large equipment manufacturers.
The dividend for the year rises to 2c from 1.5c.]
What the boss says: CEO Moni Borovitz
“Our business is diversified across several markets with a core focus on providing radio frequency solutions. We will continue to seek to expand through a mix of acquisition led and organic growth."
- 5G antennas are potentially a huge market for MTI
- Strong order flow in 2020
- The military application also growing