OverviewSuggest Edit

Firan Technology Group (FTG) is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments: FTG Aerospace and FTG Circuits. FTG Aerospace manufactures illuminated cockpit panels, keyboards, bezels, and sub-assemblies and assemblies for OEMs of avionics products as well as for airframe manufacturers, while FTG Circuits is a manufacturer of printed circuit boards.

TypePublic
Founded1983
HQToronto, CA
Websiteftgcorp.com
Employee Ratings2.2

Latest Updates

Employees (est.) (Nov 2019)523(+8%)
Revenue (FY, 2019)C$112.7 M(+3%)
Share Price (Jan 2021)C$2
Cybersecurity ratingAMore

Key People/Management at Firan Technology Group

Brad Bourne

Brad Bourne

President, CEO & Board Member
Jamie Crichton

Jamie Crichton

Vice President and Chief Financial Officer
Bryan Clark

Bryan Clark

Director, Corporate Quality
Hardeep Heer

Hardeep Heer

Vice President Engineering & Chief Technology Officer
André Khachatourians

André Khachatourians

Vice President and General Manager – Chatsworth
Kaiyan Gu

Kaiyan Gu

Deputy General Manager FTG Printronics Circuit Ltd. - Circuits China JV
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Firan Technology Group Office Locations

Firan Technology Group has offices in Toronto and Los Angeles
Toronto, CA (HQ)
250 Finchdene Square, Scarborough
Toronto, CA
10 Commander Blvd, Scarborough
Los Angeles, CA, US
20750 Marilla St, Chatsworth
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Firan Technology Group Financials and Metrics

Firan Technology Group Revenue

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View revenue for all periods
Firan Technology Group's revenue was reported to be C$112.65 m in FY, 2019 which is a 3% increase from the previous period.
CAD

Revenue (Q3, 2020)

24.4m

Gross profit (Q3, 2020)

6.7m

Gross profit margin (Q3, 2020), %

27.6%

Net income (Q3, 2020)

615.0k

Market capitalization (15-Jan-2021)

45.4m

Closing stock price (15-Jan-2021)

2.0

Cash (28-Aug-2020)

15.7m

EV

49.5m
Firan Technology Group's current market capitalization is C$45.4 m.
Annual
CADFY, 2017FY, 2018FY, 2019

Revenue

94.7m109.4m112.7m

Revenue growth, %

16%3%

Cost of goods sold

71.6m84.2m82.4m

Gross profit

23.1m25.3m30.3m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

27.5m28.9m25.0m25.4m32.2m28.0m24.5m26.8m24.4m

Cost of goods sold

22.7m21.6m19.1m18.6m22.5m20.0m20.6m18.1m17.6m

Gross profit

4.8m7.2m5.9m6.8m9.7m7.9m4.0m8.7m6.7m

Gross profit Margin, %

18%25%24%27%30%28%16%32%28%
Annual
CADFY, 2017FY, 2018FY, 2019

Cash

2.8m5.0m7.6m

Accounts Receivable

18.0m18.7m21.1m

Prepaid Expenses

1.5m1.8m1.8m

Inventories

25.1m24.6m22.0m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

2.6m3.8m2.5m3.6m4.3m5.9m10.2m14.3m15.7m

Accounts Receivable

19.1m19.9m18.5m17.4m22.1m18.8m19.2m19.3m15.6m

Prepaid Expenses

1.3m936.0k1.2m1.8m1.5m1.3m1.5m1.5m2.3m

Inventories

26.2m25.2m26.4m26.5m24.5m23.3m20.5m23.3m26.5m
Annual
CADFY, 2017FY, 2018FY, 2019

Net Income

1.2m2.9m6.0m

Depreciation and Amortization

4.0m4.2m4.9m

Inventories

(2.6m)352.0k3.3m

Cash From Operating Activities

6.0m11.8m11.9m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(321.0k)985.0k1.6m1.2m3.6m5.4m(2.6m)(631.0k)(16.0k)

Depreciation and Amortization

993.0k2.1m3.1m1.1m2.3m3.6m1.7m3.4m5.0m

Cash From Operating Activities

164.0k4.2m5.2m(1.5m)1.4m8.7m4.3m8.7m11.0m

Purchases of PP&E

(792.0k)(1.2m)(1.7m)(391.0k)(1.0m)(2.4m)(1.0m)(2.5m)(2.7m)
CADFY, 2017

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x
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Firan Technology Group Operating Metrics

Firan Technology Group's Active Customers was reported to be 325 in FY, 2019.
FY, 2017FY, 2018FY, 2019

Active Customers

275 272 325

Bookings

C$100 mC$120.70 m

Backlog (Simulator Market)

C$8.50 m

Facilities

9 9 10
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Firan Technology Group Acquisitions / Subsidiaries

Company NameDateDeal Size
Colonial Circuits IncJuly 15, 2019$2.93 m
Teledyne Technologies IncorporatedMay 30, 2016$9.30 m
Airco Industries LLCMarch 30, 2016$2.70 m
Firan Technology Group (Barbados) Corporation
Firan Technology Group (USA) Corporation
FTG Aerospace Inc
FTG Aerospace Tianjin Inc
FTG Circuits Fredericksburg Inc
FTG Circuits Inc
FTG Printronics Circuit Ltd

Firan Technology Group Revenue Breakdown

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Firan Technology Group revenue breakdown by business segment: 63.4% from Circuits and 36.6% from Aerospace

Firan Technology Group revenue breakdown by geographic segment: 73.8% from United States, 8.3% from Canada, 13.6% from Asia and 4.4% from Other

Firan Technology Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Firan Technology Group Online and Social Media Presence

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Firan Technology Group News and Updates

Firan Technology Group Corporation (“FTG”) Announces Third Quarter 2020 Financial Results

TORONTO, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced financial results for the third quarter 2020.

Firan Technology Group Corporation (“FTG”) Announces the Third Quarter 2020 Earnings Release and Conference Call Dates

TORONTO, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX:FTG) will release the Q3 2020 financial results after close of trading on Wednesday, October 7, 2020.

Firan Technology Group Corporation (“FTG” or “the Corporation”) Announces Second Quarter 2020 Financial Results

TORONTO, July 08, 2020 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced financial results for the second quarter 2020.

Firan Technology Group Corporation (“FTG” or “the Corporation”) Announces Full Year and Fourth Quarter 2019 Financial Results

TORONTO, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced financial results for the full year and fourth quarter 2019.

Firan Technology Group Frequently Asked Questions

  • When was Firan Technology Group founded?

    Firan Technology Group was founded in 1983.

  • Who are Firan Technology Group key executives?

    Firan Technology Group's key executives are Brad Bourne, Jamie Crichton and Bryan Clark.

  • How many employees does Firan Technology Group have?

    Firan Technology Group has 523 employees.

  • What is Firan Technology Group revenue?

    Latest Firan Technology Group annual revenue is C$112.7 m.

  • What is Firan Technology Group revenue per employee?

    Latest Firan Technology Group revenue per employee is C$215.4 k.

  • Who are Firan Technology Group competitors?

    Competitors of Firan Technology Group include Elettronica Group, Allen Aircraft Products and Kennon Products.

  • Where is Firan Technology Group headquarters?

    Firan Technology Group headquarters is located at 250 Finchdene Square, Scarborough, Toronto.

  • Where are Firan Technology Group offices?

    Firan Technology Group has offices in Toronto and Los Angeles.

  • How many offices does Firan Technology Group have?

    Firan Technology Group has 3 offices.