Overview

* Firan Technology Group Corp ( FTGFF ) Q3 revenue grows 10.8% yr/yr but misses analyst expectations

* Adjusted EPS for Q3 meets analyst expectations

Outlook

* Company did not provide specific financial guidance for future quarters in the press release

Result Drivers

* PRODUCT CERTIFICATION - EASA awarded STC for AFIRS Edge+ on Airbus A319/320/321, enabling global deployment of FLYHT's 5G WQAR

* FLYHT ACQUISITION - Integration of FLYHT acquisition contributed to profitability and new product sales

* DEFENSE PROGRAM ORDERS - FTG initiated new qualification orders for high-volume US defense programs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$47.70 C$48.30

Revenue mln mln (3

Analysts

)

Q3 Meet C$0.12 C$0.12

Adjusted (3

EPS Analysts

)

Q3 EPS C$0.11

Q3 Miss C$3 mln C$3.08

Adjusted mln (2

Net Analysts

Income )

Q3 -C$600,0

EBITDA 00

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for Firan Technology Group Corp ( FTGFF ) is C$15.00, about 22.3% above its October 7 closing price of C$11.66

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)