MTI WIRELESS EDGE LTD. (MWE) — Q3 Results

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the MTI WIRELESS EDGE LTD. Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged. They can be submitted at any time via the Q and A tab just situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company will review all of the questions submitted today and publish responses where appropriate to do so. Before we begin, I would like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. And I'd now like to hand you over to CEO, Moni Borovitz. Good morning, sir. Good morning, Jade. Thank you everybody for joining us this morning, and I'll start giving presentation on the results of the company for the third quarter of the year. As a quick reminder, we are working with wireless and RF communication solution operating in three vertical markets, the antennas, the wireless water control and management, and the distribution and special consulting services. Overall, 2022 seems to be a very good year to MTI. If we look at the nine months result, you can see that revenue grew 8% year on year. The EBIT grew 5% year on year. And here, we include within the G and A about $200,000 one off costs relating to the acquisition of PSK. The EBITDA grew 14% year on year, which we are very happy with exceeding the revenue growth. And we remain with a very strong balance sheet with over $5,000,000 in cash, net cash. I remind you that this is after the payment of dividend, the acquisition of PSK, and the disposition of our Russian operation ...