Firan Technology Group Corp
TSX:FTG

Watchlist Manager
Firan Technology Group Corp Logo
Firan Technology Group Corp
TSX:FTG
Watchlist
Price: 11.11 CAD 0.18% Market Closed
Market Cap: 279.6m CAD

Firan Technology Group Corp
Investor Relations

Firan Technology Group Corp. engages in the provision of aerospace and defense electronics product. The company is headquartered in Scarborough Ontario, Ontario and currently employs 450 full-time employees. The firm operates through two segments: FTG Circuits and FTG Aerospace. FTG Circuits is a manufacturer of technology printed circuit boards. Its customers operate in the aviation, defense and technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia and a joint venture in Tianjin, China. FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, Fort Worth, Texas and Tianjin, China. Its products include Semi Additive Process, high density interconnects, rigid flex, aerospace chassis and assembly, backlit control panels and assemblies.

Show more
Loading
FTG
S&P TSX Composite Index (Canada)
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 9, 2025
AI Summary
Q3 2025

Revenue Growth: FTG reported Q3 revenue of $47.7 million, up 11% over Q3 last year, in line with expectations despite seasonal production challenges.

Bookings & Backlog: Bookings reached $51.5 million this quarter, driving backlog to $137 million, a 12% increase from the previous year-end.

Aerospace Performance: Aerospace segment sales rose 25% year-over-year, mainly due to the FLYHT acquisition.

Profitability: Adjusted EBITDA grew to $7.7 million and net earnings increased by 5.9% to $2.9 million.

FLYHT Acquisition: FLYHT was profitable for a second straight quarter, with its AFIRS Edge+ product gaining market traction and new orders in Asia.

Geographic Expansion: Sales outside the U.S. surged, with 12% growth in Asia and 140% in Europe, reducing customer concentration in the U.S.

Margins & Cash Flow: Gross margin reached 30.3%; operating cash flow less lease payments was $5.5 million.

Guidance: Management expects continued strong demand, with over $60 million of backlog due in Q4 and ongoing benefit from higher-value assembly orders.

Key Financials
Revenue
$47.7 million
Bookings
$51.5 million
Book-to-bill ratio
1.08
Backlog
$137 million
Gross Margin
$14.5 million (30.3% of sales)
Adjusted EBITDA
$7.7 million (16.1% of sales)
EBITDA
$7.3 million
Adjusted Net Earnings
$2.9 million
Cash Flow from Operations Less Lease Payments
$5.5 million
Net Debt
$9.5 million
Net Debt to EBITDA
0.3x (trailing 12 months)
Revenue per Employee (annualized)
$247,000
SG&A Expense
$6.3 million
R&D Expense
$2.6 million (5.4% of net sales)
Earnings Before Income Taxes
$4.1 million (8.5% of sales)
Tax Provision
$1.2 million (30% of pretax earnings)
Working Capital
$53.3 million
Days Sales Outstanding
55 days
Inventory Days
114 days
Accounts Payable Days
62 days
Earnings Call Recording
Other Earnings Calls

Management

Mr. Bradley C. Bourne
President, CEO & Director
No Bio Available
Mr. James Crichton
CFO, VP & Corporate Secretary
No Bio Available
Mr. Shawn Thompson
Vice President and General Manager of FTG Circuits & FTG Aerospace, Chatsworth
No Bio Available
Mr. Hardeep S. Heer
VP of Engineering & CTO
No Bio Available
Leo Joseph LaCroix
Executive Vice President of FTG Circuits USA
No Bio Available
Mr. Andre Khachatourians
VP and GM of FTG Circuits & Aerospace - Chatsworth
No Bio Available

Contacts

Address
ONTARIO
Scarborough Ontario
250 Finchdene Sq
Contacts
+14162994000.0
www.ftgcorp.com