Filtronic's Order Intake Surges, Boosting Revenue and Partnership with SpaceX

In a recent development, Filtronic plc, a leading designer and manufacturer of radio frequency (RF) technology, has announced an impressive order intake from SpaceX. This significant order, valued at $8.4 million (£6.4 million), is set to fulfill in calendar year 2025 and represents a continuation of demand for Filtronic's E-band solid state power amplifier (SSPA) modules. These modules are crucial for SpaceX's Starlink constellation, which provides high-speed, low-latency internet to users worldwide.



This order intake is not only a testament to the strength of Filtronic's products but also a reflection of the strategic partnership between the two companies. The partnership, signed in April 2024, has already resulted in the vesting of a further 2,171,211 share warrants, representing the maximum 5% of the Company's share capital at the time of the signed agreement. This vesting is part of tranche 1, which relates to the supply of E-band SSPAs, and completes the vesting of warrants in this tranche.

The recent order from SpaceX is expected to contribute significantly to Filtronic's fiscal year 2025 revenue, trading ahead of current market expectations. This is particularly notable given the company's impressive financial performance in 2024, where revenue increased by 56.33% to £25.43 million, and earnings grew by 576.94% to £3.14 million.

The strategic partnership with SpaceX and the recent order intake are likely to have a positive long-term effect on Filtronic's revenue and earnings growth. As SpaceX continues to expand its Starlink constellation, there is potential for recurring orders, further strengthening the relationship between the two companies. This could lead to additional investment in the partnership, contributing to Filtronic's overall success.

In conclusion, Filtronic's order intake from SpaceX is a significant development that not only boosts the company's revenue but also solidifies its strategic partnership with the space industry giant. This order intake is a clear indication of the demand for Filtronic's products and the potential for future growth in the company's revenue and earnings. As Filtronic continues to innovate and deliver high-quality products, it is well-positioned to capitalize on the growing demand for satellite internet services and the expanding space industry.