M.T.I Wireless Edge Ltd. provided unaudited earnings guidance for the financial year ended 31 December 2021. For the period, the company expected Unaudited 2021 Group revenues are expected to be in line with current market expectations at approximately USD 43.2 million, an increase of 6% compared to the 2020 financial year. Unaudited Group gross profit is also expected to be in line with current market expectations at approximately USD 13.5 million, which represents a 3% increase when compared to 2020.

Unaudited Group net profit for 2021 is expected to increase by approximately 6% compared to 2020 as a result of a lower Group tax rate in 2021.