Firan Technology Group Corporation (T:FTG)
Business Focus: Aerospace & Defense (NEC)
| Sector: Industrials | Industry: Aerospace & Defense |
| Company Contact | |
| Address: | 250 Finchdene Sq SCARBOROUGH ON M1X 1A5 |
| Tel: | N/A |
| Website: | https://www.ftgcorp.com |
| IR: | See website |
| Key People | ||
| Bradley C. Bourne President, Chief Executive Officer, Director | James Crichton Chief Financial Officer, Vice President, Corporate Secretary | Hitesh kumar Talati Vice President, General Manager - FTG Circuits, Toronto |
| M. Shawn Thompson Vice President, General Manager of FTG Circuits and FTG Aerospace, Chatsworth | Peter Dimopoulos Vice President - Business Development | Randy William Drake General Manager, FTG Aerospace '€“ Toronto | Brandon Kuecker General Manager, FTG Aerospace - Tianjin |
| Business Overview |
| Firan Technology Group Corporation is a Canada-based aerospace and defense electronics product and subsystem supplier. The Company supplies its products to customers around the globe. The Company operates through two units: FTG Circuits and FTG Aerospace. FTG Circuits is a manufacturer of printed circuit boards standard rigid products, High-density interconnect (HDI), RF circuitry, Thermal management, Rigid flex and assembly. FTG produces boards utilizing traditional PCB manufacturing processes and a licensed Averatek's A-SAPTM Semi-additive process. FTG Circuits customers are in the aviation, defense and space industries. FTG Aerospace designs and manufactures Avionic sub-system hardware, including backlit control panels and assembly, integrated switch panels, MCDU keyboards, primary display bezels, cursor control devices and advanced control panel assembly LRUs. The Division's products are utilized in flight and simulated devices in commercial aero and defense platforms. |
| Financial Overview |
| For the fiscal year ended 30 November 2023, Firan Technology Group Corp revenues increased 51% to C$135.2M. Net income increased from C$698K to C$11.6M. Revenues reflect Circuits segment increase of 53% to C$91.9M, Aerospace segment increase of 35% to C$46.6M, United States segment increase of 63% to C$105.9M, Asia segment increase of 38% to C$11.7M. Net income benefited from Other Non Rec I/E - Non Business Activ decrease of 92% to C$30K |
| Employees: | 680 as of Nov 30, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $152.77M as of Mar 1, 2024 |
| Annual revenue (TTM): | $135.20M as of Mar 1, 2024 |
| EBITDA (TTM): | $22.92M as of Mar 1, 2024 |
| Net annual income (TTM): | $11.62M as of Mar 1, 2024 |
| Free cash flow (TTM): | $4.77M as of Mar 1, 2024 |
| Net Debt Last Fiscal Year: | $28.56M as of Mar 1, 2024 |
| Shares outstanding: | 23,874,802 as of Nov 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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