05:16 PM EDT, 04/11/2024 (MT Newswires) -- Firan Technology Group ( FTGFF ) after trade Thursday said it achieved adjusted earnings in Q1 2024 of more than $1.1 million, compared to adjusted earnings of less than $1 million a year earlier. Adjusted EPS basic and diluted was unchanged at $0.04.

Q1 revenues of $35 million were up 42% over Q1 2023.

Among other highlights, first quarter bookings of $37.5M were up 14% over Q1 2023, and it achieved Adjusted EBITDA of $4.6 million, which was up 42% over Q1 2023.

As of March 1, 2024, FTG had a total backlog of $99.3 million, which is a 34% increase over the Q1 2023 backlog of $74.2 million. Two acquisitions added approximately $17.0 million of additional backlog as of their closing date.