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MTI Wireless Edge eyes big potential from 5G implementation

Snapshot

  • Core business develops antenna for the commercial and military markets
  • Subsidiary Mottech provides water management solutions
  • MTI also provides services such as wireless and mobile internet
  • 5G to be a big market for the AIM-listed company
Irrigation

Quick facts: MTI Wireless Edge Limited

Price: 47 GBX

AIM:MWE
Market: AIM
Market Cap: £41.6 m
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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."

 

Inflexion points

  • 5G antennas are potentially a huge market for MTI
  • Strong order flow in 2020
  • The military application also growing 

 

 

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