M.T.I Wireless Edge (MWE) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenues rose 6% year-over-year to $12.8m, with operating profit up 21% to $1.5m and net profit up 18% to $1.2m.

• Earnings per share increased 18% to 1.40 US cents, and net cash stood at $8.5m at quarter-end.

• April saw accelerated momentum with $9m in new defence contract wins, expected to be fulfilled mostly in 2026.

Financial highlights

• Gross profit for Q1 2026 was $4.3m, up from $3.8m in Q1 2025.

• Operating profit increased to $1.5m from $1.2m year-over-year.

• Net cash decreased from $9.4m at year-end 2025 to $8.5m, reflecting strong Q4 2025 cash collection.

• Cash flow from operations was negative $82k in Q1 2026, compared to positive $2.3m in Q1 2025.

• Dividend of 3.4 US cents per share (~$3m) paid in April 2026.

Outlook and guidance

• Defence orders are expected to remain a key revenue driver in the short to medium term.

• High order backlog and diversified operations across three divisions support positive outlook for 2026.