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Strong financial base

Financial highlights

·         Solid revenue growth, up by 9% to $21.3m (H1 2020: $19.6m)

·         14% increase in operating profit to $2.2m (H1 2020: $1.9m)

·         13% rise in net profit to $1.73m (H1 2020: $1.54m)

·         Earnings per share increased by 14% to 1.89 US cents (H1 2020: 1.65 US cents)

·         Cash flow from operations increased by 53% to $3.1m (H1 2020: $2.0m)

·         Strong balance sheet with net cash at $9.7m as of 30 June 2021 (30 June 2020: $7.6m)

·         2020 dividend of $0.025 per share (2019 dividend: $0.02 per share) paid on 31 March 2021

Operational highlights

·         Another positive trading period with good contributions from all three divisions

·         MTI Summit continues to benefit from increased government spending on defence

·         Mottech opened a new, wholly owned subsidiary and office in Canada and retained key city centre contracts in Israel and internationally

·         The Antenna division secured its first contract to develop antennas for use in space and the take up of 5G antennas is in line with internal forecasts

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Latest News

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  • 12/07/2021

    MTI’s Antenna Division has been selected to partner with US engineering and technology firm, Craig Technologies and its subsidiary Sidus Space, to develop a new range of space antenna as part of a funded project.

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  • 7/06/2021

    For the first time in irrigation control software 2FA standard for safe connection. New Mottech ICC PRO5.5 version.

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  • 19/05/2021

    RNS news 20201

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  • 20/04/2021

    Mottech Decoder System (MDS)

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  • 1/03/2021

    Investor Meet Company

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  • 1/02/2021

    Enter the 5G era with MTI’s patented Multi Band Antennas, providing high bandwidth stable affordable connections

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  • 27/01/2020

    MTI Wireless Edge Ltd. announces multiple new MultiBand antenna products

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