No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Filtronic said on Tuesday that it expected adjusted EBITDA for the year ended 31 May to come in slightly ahead of market expectations, as it announced a further satellite-related contract win with a US customer.
The AIM-traded RF technology specialist said the new contract was worth about $0.5m, or 0.4m, and covered the design of a high-frequency module for satellite payload use.
Revenue from the initial development phase was expected to be recognised in the 2027 financial year.
Subject to audit, Filtronic said it expected to report revenue of at least 55.5m and adjusted EBITDA of at least 11.1m for the 2026 financial year.
Cash at bank stood at 13.4m, while net cash excluding right-of-use property leases was 11.3m.
The company said it was entering the 2027 financial year with a strong order book covering 90% of consensus revenue, supported by multi-year order visibility with its largest customer and growing activity across space, defence and aerospace markets. Full-year results are due on 4 August.
At 0910 BST, shares in Filtronic were down 8.21% at 348.8p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.