#VELA Vela Technologies PLC investee co. #MWE MTI Wireless Edge LTD – Final Results for 2022 March 13, 2023 – Posted in: Vela Technologies Plc (VELA)

MTI Wireless Edge Ltd (AIM:MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce its audited results for the year ended 31 December 2022. 2022 Highlights A strong financial performance in 2022 ·    Delivered revenue growth of 7% to US$46.3m (2021: US$43.2m) ·    A 12% increase in adjusted EBITDA to US$6.06m (2021: US$5.4m), helped by the economies of scale from the increasing size of the Group…

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