#VELA TECHNOLOGIES PLC – INVESTEE CO. MTI WIRELESS EDGE #MWE – Q1 2023 FINANCIAL RESULTS May 17, 2023 – Posted in: Blog, 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 financial results for the three-month period ended 31 March 2023. Financial highlights ·    Generated increased revenues of $11.3m, up 1% (Q1 2022: $11.2m) representing a solid start to the year ·    Strong order pipeline, providing confidence in the outlook for the year ·    Profit before tax up 15% to $1.1m (Q1 2022: $0.97m), reflecting an…