M.T.I Wireless Edge (MWE) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was $12.0M, up from $11.2M in Q1 2024, with net profit of $927K compared to $935K a year earlier.

• Gross profit increased to $3.75M from $3.47M year-over-year, with operating profit at $1.25M versus $1.18M.

• Total assets as of March 31, 2025 were $45.4M, with equity of $30.4M and cash of $8.5M.

Financial highlights

• Gross margin for Q1 2025 was 31.2%, slightly up from 30.9% in Q1 2024.

• Earnings per share (basic and diluted) were $0.0118, up from $0.0106 year-over-year.

• Net cash from operating activities was $2.3M, up from $1.3M in Q1 2024.

• Dividend of $2.92M (3.3 US cents/share) paid in April 2025.

Outlook and guidance

• The company continues to monitor the impact of the ongoing war in Israel, which has not yet significantly affected operations but may pose risks if prolonged.

• Management remains cautious about potential impacts on manpower, interest rates, and FX rates.