This one contract announcement is to a similar value as annual turnover was a few short years ago!
Absolutely astonishing
Fantastic performance from all concerned |
£16.8m nothing to Musk, pocket money.......surely he will make a move. |
This is an excellent RNS on many fronts |
Might catch a few shorters out this… |
Superb. They were just toying with the doubters. |
FTC's become almost indispensable to SX. I don't reckon it'll last the year as an independent company |
Fantastic! |
Oh yes........
10 February 2025
Filtronic plc
Further Contract Win with SpaceX
Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, is pleased to announce a significant new contract win with SpaceX valued at $20.9m (£16.8m), to be fulfilled in both FY2025 and FY2026.
Consequently, the Board is now confident the business will exceed current market expectations for revenue and profit in both FY2025 and FY2026.
Nat Edington, Chief Executive Officer, commented: "We are delighted to have secured this substantial order, which underscores Filtronic's reputation for delivering high-performance RF solutions to our market leading customer. This contract, alongside our growing momentum in strategic markets, provides us with increased confidence in our ability to exceed our growth targets for FY2025 and FY2026". |
WOW…. This is unbelievable 🚀🚀🚀🚀 |
Another contract |
That goes without saying eighthwonder. I reckon Filtronic are well up for the challenge!
Cheers |
Lots of work. But also the built in chance to be usurped by new technologies and suppliers; FTC have to stay at the front of the pack |
Many thanks beeezzz
To me, that sounds like an awful lot of work for Filtronic. Hopefully the FTC relationship with SpaceX will flourish!!
Cheers |
From 19:00>>>>;
hxxps://www.voxmarkets.co.uk/articles/small-cap-investing-with-paul-hill-paul-scott-0198071/ |
Creating liquidity on the way down. |
It's like going down to lidle to buy a premium product that comes from Fortnum and mason Management has delivered and the shares have never been cheaper with a clear runway ahead |
From the impatient to the patient ! |
Thank you God. Just retail selling and people who don’t know why they bought shares exiting. Lovely jubbly |
Profit taking seem to have taken hold, share price is accelerating downwards, close above 90p will replicate last time share price was over £1... |
Interesting foetus. I noticed that with BKS which I hold. It has come back about 7% from the high.Let's see... |
 From Director’s Talk (thanks Umik1)
Filtronic plc (LON:FTC) has delivered an outstanding set of interim results for the first half of FY25, demonstrating significant revenue and profit growth. According to a research note by Cavendish, the company achieved revenue of £25.6 million, marking a remarkable 202% increase from £8.5 million in 1H24. Adjusted EBITDA surged to £8.7 million, up from just £0.2 million in the previous period, reflecting Filtronic’s expanding presence in the space sector and its ongoing partnership with SpaceX.
Strong Financial Performance and Growth Prospects
The results confirm the strength of Filtronic’s business strategy, with the space segment playing a crucial role in revenue expansion. The company’s involvement in SpaceX’s Low Earth Orbit (LEO) satellite network programme has been a major driver of its success. Filtronic’s partnership agreement with SpaceX, signed in April 2024, has significantly contributed to revenue growth, particularly through the supply of E-band Solid State Power Amplifiers (SSPAs) for ground stations.
Cavendish maintains its FY25 revenue forecast at £48.4 million and expects adjusted EBITDA of £13.7 million. Despite anticipating a normalisation of revenue in the second half of the fiscal year, the broker remains confident in Filtronic’s long-term growth trajectory. The firm’s net cash position remains strong at £5.1 million, reinforcing its financial stability.
Investment in Capacity and Innovation
Filtronic is making strategic investments to support its growth. The company has expanded its production capacity with a new manufacturing site in County Durham and a newly opened design facility in Cambridge. These investments will enhance its ability to meet future demand across its key market segments, including aerospace and defence, critical communications, and telecommunications.
Price Target Raised to 110p
Cavendish has raised its target price for Filtronic from 91.9p to 110.0p, representing a 9% upside from the current share price of 100.5p. The valuation is based on a 21x EV/EBITDA multiple applied to a conservative EBITDA scenario for FY28, adjusted to reflect Filtronic’s recent performance and future growth potential.
Edward Stacey, Director of Research at Cavendish, commented: “Filtronic has reported a strong set of 1H25 results in line with expectations following positive trading updates and raised guidance in December 2024 and again in January 2025.”
On a Final Note
Filtronic’s robust interim performance underlines its ability to capitalise on high-growth markets, particularly within the space sector. With a strong order book, increasing production capacity, and a promising long-term outlook, the company is well-positioned for sustained success. Cavendish’s positive assessment reflects the confidence in Filtronic’s strategic direction and execution. |
https://www.directorstalkinterviews.com/filtronic-s-strong-interim-results-highlight-impressive-growth-cavendish/4121185887 |
Tudor Williams speaking at the IgniteSpace eventhttps://www.ignite-space.co.uk/event-details/navigating-the-global-market-a-guide-to-exporting-space-products-and-services |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
