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MTI Wireless Edge's Moni Borovitz confident on 2019 as he takes over as CEO

Moni Borovitz, from MTI Wireless Edge Ltd (LON:MWE), spoke to Proactive's Andrew Scott as he took over the role of chief executive.

Borovitz also talks through their 2018 results - the company saw a sharp uplift in sales and profits following the merger with its major shareholder in September.

Operating profit rose by 82% to US$2.9mln in the year to December on revenues 35% higher at US$35.5mln.

Quick facts: MTI Wireless Edge Limited

Price: 37 GBX

AIM:MWE
Market: AIM
Market Cap: £32.52 m
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MTI Wireless Edge seeing 'continued significant revenue growth and...

MTI Wireless Edge Ltd's (LON:MWE) Richard Bennett discusses with Proactive London's Andrew Scott the group's results for the nine months to the end of September. Revenues increased by 12% in the period to $29mln while operating profit increased 33% to $2.5mln.

on 25/11/19

2 min read