MTI Wireless Edge (AIM:MWE) – US$1m contract win highlights the value
The developer and manufacturer of sophisticated antennas and antenna systems has opened the year with a cracking contract win and news that revenues for the year ended 31st December 2013 will be slightly ahead of market expectations. (broker forecast was for US$13.25m)
The US$1.0m order is from a major customer of its Commercial Division and is for delivery in 2014. Management also commented that the order pipeline for 2014 - and into 2015 - is looking strong.
MWE has been unloved by the market for sometime with the share price remaining rooted around the 6p-7p level for most of 2013.
You benefit from quarterly reporting with this one and the 9 month figures to 30th…
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