Stock Analysis
- United Kingdom
- /
- Communications
- /
- AIM:MWE
M.T.I Wireless Edge Third Quarter 2023 Earnings: EPS: US$0.013 (vs US$0.012 in 3Q 2022)
M.T.I Wireless Edge (LON:MWE) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$11.4m (down 6.0% from 3Q 2022).
- Net income: US$1.11m (up 7.9% from 3Q 2022).
- Profit margin: 9.7% (up from 8.5% in 3Q 2022). The increase in margin was driven by lower expenses.
- EPS: US$0.013 (up from US$0.012 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
M.T.I Wireless Edge Earnings Insights
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Communications industry in the United Kingdom.
Performance of the British Communications industry.
The company's shares are up 3.0% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for M.T.I Wireless Edge that you need to take into consideration.
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About AIM:MWE
M.T.I Wireless Edge
Engages in design, development, manufacture, and marketing of antennas for the civilian and military sectors.
Flawless balance sheet established dividend payer.