Firan Technology Q2 revenue up 25.6%, beats estimates

Overview

• Firan Technology Q2 revenue rises 25.6%, beating analyst expectations, per LSEG data

• Adjusted EPS for Q2 beats analyst expectations

• FLYHT acquisition achieves profitability; AFIRS Edge+ certified for Boeing 737NG

Outlook

• Company sees strong end market demand across all segments

• FTG anticipates no material impact from current exchange rates

• Company notes uncertainty around US tariffs remains

• FTG strategically investing capital for future shareholder returns

Result Drivers

• STRONG MARKET DEMAND - FTG reports robust demand across all market segments, contributing to a 25.6% revenue increase

• FLYHT PROFITABILITY - FLYHT acquisition turned profitable in Q2, earlier than anticipated, enhancing FTG's commercial aerospace segment

• AFIRS EDGE+ CERTIFICATION - Transport Canada Civil Aviation certification for Boeing 737NG could expand market opportunities

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the aerospace & defense peer group is "buy"

• Wall Street's median 12-month price target for Firan Technology Group Corp is C$14.00, about 11.3% above its July 8 closing price of C$12.42

• The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNXc5jmN5