OTC : FLTCF
$0.04 (1.25%)
| Source | Headline |
|---|---|
|
Filtronic slides 10% as profits fall despite record SpaceX order
Shares in Filtronic PLC (LSE:FTC) fell 10%, or 25p, to 225p after the radio frequency specialist reported a sharp drop in annual profits. Operating profit at the AIM-listed designer of products for the aerospace, defence, telecoms and space markets fell to £4 million from £13.4 million. proactiveinvestors.co.uk - 2026-08-04 04:47:20 |
|
Get SpaceX Exposure Through Its Partner Filtronic
Filtronic Plc (OTCPK:FLTCF) is a key supplier of GaN-based RF amplifiers for SpaceX's Starlink, underpinning next-gen satellite communications. FLTCF's strategic partnership with SpaceX includes equity warrants, signaling confidence in Filtronic's growth and deepening its role beyond a traditional supplier. Despite heavy customer concentration risk and Musk's cost discipline, FLTCF's high margins, pricing power, and sector-leading profitability justify a premium valuation. seekingalpha.com - 2026-05-29 09:52:17 |