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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Filtronic Shares Gain as Order Book Gives Revenue Cover, but GEO Contract Is Only $0.3m
Filtronic says its order book gives "significant revenue cover" for this financial year and expects to deliver in line with market expectations, but its new satellite contract is worth only $0.3m.
Filtronic (AIM: FTC) shares are up around 2% on Friday morning after the company said today its order book gives “significant revenue cover” for the current financial year. It also announced a first GEO Ka-band contract with a US satellite manufacturer.
Filtronic closed at 225p yesterday, up 4.65% from 215p on Wednesday. The stock climbed from 237.5p on 30 September to 330p on 7 October, then faded, and yesterday’s close sits below its 50-day average of 250.29p. Market value was £504.6m at that close.
FTC.LSE
The contract is Filtronic’s first with a US manufacturer of satellites in geostationary orbit (GEO), working in the Ka-band, a satellite communications frequency range. It is a development-phase award worth $0.3m, with the company saying it expects “further orders leading to production volumes”. It gave no value for those.
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Separately, Filtronic said it has completed development of its first 200W solid-state power amplifier (SSPA) system for medium and geostationary orbit constellations, with ten times the power of its Cerus 32 gallium arsenide product.
The heavier weight sits elsewhere: a $68.1m (£51.3m) SpaceX order at the beginning of October, the company’s largest ever, for Cerus E-band gallium nitride SSPA units. Two further US prototype contracts total $16.0m (£11.1m), and three defence radar contracts add £2.1m.
Filtronic shares spiked in early October, around the time of the SpaceX order, before easing back through the month. Daily close, pence, 28 April to 29 October 2026.
On guidance, Filtronic’s statement said:
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The contracted order book gives significant revenue cover for the current financial year, as well as increased visibility for outer years. This provides the Board with confidence in delivering in line with market expectations.
Filtronic announcement
That is reassurance rather than an upgrade. The update gives no revenue, profit or order-book figure.
Shares therefore remain tied to delivery of the SpaceX order and to whether the GEO award turns into production business. The stock is volatile, having traded between 195p and 480p intraday over six months.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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