TEWKESBURY, UK – Trackwise Designs reported fiscal year 2018 revenues of £1.8 million (US$2.4 million), up 15% year-over-year.

For the year ended June 30, EBITDA was £347,000, an increase of 71.8% compared to last year.

Operating profits were £154,000, up 54%.

The firm focuses on aerospace, automotive, space and industrial, including a European contract manufacturer of flexible PCBs for solar arrays. The RF business unit manufactures PCBs used in antenna infrastructure to support 3G/4G mobile phone networks.

“In the last six months, the company has moved to new premises and completed a successful flotation on AIM, raising £4.6m in an oversubscribed fundraising,” said CEO Philip Johnston. “We are delighted with the growth in IHT revenues and see considerable growth in this area as new markets open up.”

Ed.: £1 = US$1.33

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