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 Ratings2.4

Latest Updates

Employees (est.) (Nov 2020)486(-7%)
Revenue (FY, 2020)C$102.4 M(-9%)
Share Price (Nov 2021)C$2.5(-1%)
Cybersecurity ratingAMore
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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
Kaiyan Gu

Kaiyan Gu

Deputy General Manager FTG Printronics Circuit Ltd. - Circuits China JV
Randy Drake

Randy Drake

General Manager, FTG Aerospace Toronto Division
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Firan Technology Group Office Locations

Firan Technology Group has offices in Toronto, Fredericksburg, Los Angeles and Tianjin
Toronto, CA (HQ)
250 Finchdene Square, Scarborough
Toronto, CA
10 Commander Blvd, Scarborough
Tianjin, CN
225 Jinger Rd. Bldg. 2 Block 1 B Aviation Industrial Zone
Tianjin, CN
Suite 209 210 Area A 1 No. 53 Hanghai Rd. Airport Industrial Park
Fredericksburg, VA, US
1026 Warrenton Rd
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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Firan Technology Group's revenue was reported to be C$102.44 m in FY, 2020 which is a 9.1% decrease from the previous period.
CAD

Revenue (Q2, 2021)

20.3m

Gross profit (Q2, 2021)

5.5m

Gross profit margin (Q2, 2021), %

26.8%

Net income (Q2, 2021)

(11.0k)

Market capitalization (10-Nov-2021)

61.5m

Closing stock price (10-Nov-2021)

2.5

Cash (4-Jun-2021)

19.1m

EV

58.1m
Firan Technology Group's current market capitalization is C$61.5 m.
Annual
CADFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

94.7m109.4m112.7m102.4m

Revenue growth, %

16%3%(9%)

Cost of goods sold

71.6m84.2m82.4m76.0m

Gross profit

23.1m25.3m30.3m26.4m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

27.5m28.9m25.0m25.4m32.2m28.0m24.5m26.8m24.4m19.0m20.3m

Cost of goods sold

22.7m21.6m19.1m18.6m22.5m20.0m20.6m18.1m17.6m15.3m14.9m

Gross profit

4.8m7.2m5.9m6.8m9.7m7.9m4.0m8.7m6.7m3.7m5.5m

Gross profit Margin, %

18%25%24%27%30%28%16%32%28%19%27%
Annual
CADFY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.8m5.0m7.6m19.0m

Accounts Receivable

18.0m18.7m21.1m19.8m

Prepaid Expenses

1.5m1.8m1.8m3.4m

Inventories

25.1m24.6m22.0m19.3m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

2.6m3.8m2.5m3.6m4.3m5.9m10.2m14.3m15.7m18.1m19.1m

Accounts Receivable

19.1m19.9m18.5m17.4m22.1m18.8m19.2m19.3m15.6m13.3m12.4m

Prepaid Expenses

1.3m936.0k1.2m1.8m1.5m1.3m1.5m1.5m2.3m5.1m7.5m

Inventories

26.2m25.2m26.4m26.5m24.5m23.3m20.5m23.3m26.5m18.8m18.2m
Annual
CADFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.2m2.9m6.0m1.3m

Depreciation and Amortization

4.0m4.2m4.9m6.6m

Inventories

(2.6m)352.0k3.3m2.7m

Cash From Operating Activities

6.0m11.8m11.9m15.8m
Quarterly
CADQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(321.0k)985.0k1.6m1.2m3.6m5.4m(2.6m)(631.0k)(16.0k)(427.0k)(438.0k)

Depreciation and Amortization

993.0k2.1m3.1m1.1m2.3m3.6m1.7m3.4m5.0m1.6m3.2m

Cash From Operating Activities

164.0k4.2m5.2m(1.5m)1.4m8.7m4.3m8.7m11.0m400.0k3.4m

Purchases of PP&E

(792.0k)(1.2m)(1.7m)(391.0k)(1.0m)(2.4m)(1.0m)(2.5m)(2.7m)(378.0k)(995.0k)
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

275272325

Bookings

C$100 mC$120.7 m

Backlog (Simulator Market)

C$8.5 m

Facilities

9910
Show all operating metrics

Firan Technology Group Acquisitions / Subsidiaries

Company NameDateDeal Size
FTG CircuitsJuly 15, 2019$2.93 m
Teledyne - Printed Circuit Technology BusinessMay 30, 2016$9.3 m
Airco Industries LLCMarch 30, 2016$2.7 m
Firan Technology Group (Barbados) 1 Corporation
Firan Technology Group (Barbados) 2 Corporation
Firan Technology Group (USA) Corporation
FTG Aerospace Inc.
FTG Aerospace Tianjin Inc.
FTG Circuits Fredericksburg Inc.
FTG Circuits Inc.

Firan Technology Group Revenue Breakdown

Embed Graph

Firan Technology Group revenue breakdown by business segment: 35.7% from Aerospace and 64.3% from Circuits

Firan Technology Group revenue breakdown by geographic segment: 11.9% from Asia, 6.9% from Canada, 77.4% from United States and 3.7% 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 2021 Financial Results

TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced financial results for the third quarter of 2021.

Firan Technology Group Corporation (“FTG”) Announces Third Quarter 2021 Financial Results

Firan Technology Group Corporation (TSX: FTG) today announced financial results for the third quarter of 2021.

Firan Technology Group Corporation (“FTG”) Announces Third Quarter 2021 Earnings Release and Conference Call Dates

TORONTO, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX:FTG) will release the third quarter 2021 financial results after market closes on Wednesday, October 13, 2021.

Firan Technology Group Corporation (“FTG”) Announces Third Quarter 2021 Earnings Release And Conference Call Dates

Firan Technology Group Corporation (TSX:FTG) will release the third quarter 2021 financial results after market closes on Wednesday, October 13, 2021.

Firan Technology Group Corporation (“FTG”) Is Awarded $3.7 Million (Cad) After-market Contract By Defense Logistics

Firan Technology Group Corporation (TSX:FTG) has been awarded a $3.7M CAD after-market contract from the United States Defense Logistics Agency (DLA) to provide electronic assemblies to retrofit airborne radar systems on various US Armed Forces aircraft. The work will be performed at the FTG facilit…

Firan Technology Group Corporation (“FTG”) is Awarded $3.7 Million (CAD) After-Market Contract

Firan Technology Group Corporation (TSX:FTG) has been awarded a $3.7M CAD after-market contract from the United States Defense Logistics Agency (DLA) to provide electronic assemblies to retrofit airborne radar systems on various US Armed Forces aircraft. The work will be performed at the FTG facilit…
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Firan Technology Group Blogs

FIRAN TECHNOLOGY GROUP CORPORATION (“FTG”) ANNOUNCES THIRD QUARTER 2021 FINANCIAL RESULTS

TORONTO, ONTARIO – (October 13, 2021) – Firan Technology Group Corporation (TSX: FTG) today announced financial results for the third quarter of 2021. FTG achieved a third sequential quarter of increased bookings as the aerospace industry recovers from the COVID-19 pandemic. Third-quarter bookings a…

FIRAN TECHNOLOGY GROUP CORPORATION (“FTG”) ANNOUNCES THIRD QUARTER 2021 EARNINGS RELEASE AND CONFERENCE CALL DATES

TORONTO, ONTARIO – (October 6, 2021) – Firan Technology Group Corporation (TSX:FTG) will release the third quarter 2021 financial results after market closes on Wednesday, October 13, 2021. The Corporation will host a live conference call on Thursday, October 14, 2021 at 8:30am (Eastern) to discuss …

FIRAN TECHNOLOGY GROUP CORPORATION (“FTG”) IS AWARDED $3.7 MILLION (CAD) AFTER-MARKET CONTRACT BY DEFENSE LOGISTICS AGENCY (DLA) FOR ELECTRONIC ASSEMBLIES TO SUPPORT AIRBORNE RADAR SYSTEMS

FIRAN TECHNOLOGY GROUP CORPORATION (“FTG”) IS AWARDED $3.7 MILLION (CAD) AFTER-MARKET CONTRACT BY DEFENSE LOGISTICS AGENCY (DLA) FOR ELECTRONIC ASSEMBLIES TO SUPPORT AIRBORNE RADAR SYSTEMS TORONTO, ONTARIO – (September 14, 2021) – Firan Technology Group Corporation (TSX:FTG) has been awarded a $3.7M…

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 486 employees.

  • What is Firan Technology Group revenue?

    Latest Firan Technology Group annual revenue is C$102.4 m.

  • What is Firan Technology Group revenue per employee?

    Latest Firan Technology Group revenue per employee is C$210.8 k.

  • Who are Firan Technology Group competitors?

    Competitors of Firan Technology Group include Astronics Advanced Electronic Systems, 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, Fredericksburg, Los Angeles and Tianjin.

  • How many offices does Firan Technology Group have?

    Firan Technology Group has 6 offices.