{"id":41381,"date":"2020-07-09T13:38:00","date_gmt":"2020-07-09T13:38:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2644712"},"modified":"2020-07-09T13:38:00","modified_gmt":"2020-07-09T13:38:00","slug":"firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/","title":{"rendered":"Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"90\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<p>Firan Technology Group Corporation announced financial results for the second quarter 2020.<\/p>\n<ul type=\"disc\">\n<li>Achieved a book-to-bill ratio in Q2 of 0.97:1&nbsp;<\/li>\n<li>Ended Q2 2020 with over $50M in total backlog, of which $28M is due in Q3 2020<\/li>\n<li>Generated $3.0M in cash in Q2 and ended the quarter with $6.4M in net cash on the balance sheet<\/li>\n<li>Achieved highest gross margin percentage of 32.3%<\/li>\n<li>Achieved net income of $2.0M in the quarter (7.6% of sales)<\/li>\n<li>Received $0.8M in Canadian Emergency Wage Subsidy in the quarter<\/li>\n<li>Received $3.3M ($2.4M USD) in loans from the US Paycheck Protection Program (PPP), which can be forgiven in future periods if certain conditions are met<\/li>\n<li>Subsequent to quarter-end, FTG entered into a new 2 year, $20M USD committed credit facility on terms similar to the previous agreement<\/li>\n<\/ul>\n<p>Second Quarter Results: (three months ended May 29, 2020 compared with three months ended May 31, 2019)<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\"><strong>Q2 2020<\/strong><\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\"><strong>Q2 2019<\/strong><\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Sales<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$26,822,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$32,235,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Gross Margin<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">8,674,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">9,717,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Gross Margin (%)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">32.3<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">30.1<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">%<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_border_bottom_solid hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_border_bottom_solid hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Operating Earnings&nbsp;<sup>(1)<\/sup>:&nbsp; &nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">4,313,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">5,388,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; R&amp;D Investment<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">1,583,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">1,168,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; R&amp;D Tax Credits<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(203,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">10,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Foreign Exchange (Gain) Loss<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(464,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">140,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Amortization of Intangibles<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">97,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">272,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Net Earnings before Tax<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">3,300,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">3,798,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Income Tax<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">1,302,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">1,348,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Non-controlling Interests<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(36,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(32,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Net Earnings After Tax<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$2,034,000<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$2,482,000<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Earnings per share<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">&#8211; basic<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$0.09<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$0.11<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">&#8211; diluted<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$0.08<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$0.10<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>Year-to-Date: (six months ended May 29, 2020 compared with six months ended May 31, 2019)<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\"><strong>YTD 2020<\/strong><\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\"><strong>YTD 2019<\/strong><\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Sales<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$51,360,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$57,625,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Gross Margin<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">12,634,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">16,471,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Gross Margin (%)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">24.6<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">%<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">28.6<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">%<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_border_bottom_solid hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_border_bottom_solid hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Operating Earnings&nbsp;<sup>(1)<\/sup>:&nbsp; &nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">4,555,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">8,706,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; R&amp;D Investment<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">2,664,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">2,284,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; R&amp;D Tax Credits<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(375,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(195,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Foreign Exchange (Gain) Loss<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(415,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">296,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Amortization of Intangibles<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">396,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">543,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Impairment of Intangibles<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">1,145,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&#8211;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_border_bottom_solid gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Net Earnings before Tax<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">1,140,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">5,778,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Income Tax<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">1,771,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">2,155,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_bottom\">&bull;&nbsp; Non-controlling Interests<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(68,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">(77,000<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">Net (Loss) Earnings After Tax<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">($563,000<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$3,700,000<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">(Loss) Earnings per share<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">&#8211; basic<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">($0.02<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$0.16<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i10 hugin gnw_vertical_align_bottom\">&#8211; diluted<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">($0.02<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">)<\/td>\n<td class=\"gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"2\">$0.15<\/td>\n<td class=\"gnw_padding_left_none gnw_align_left hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_bottom\" colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"gnw_align_left hugin gnw_vertical_align_top\"><em>(1)<\/em><\/td>\n<td class=\"gnw_label_i15 gnw_align_justify hugin gnw_vertical_align_top\"><em>Operating Earnings is not a measure recognized under International Financial Reporting Standards (&ldquo;IFRS&rdquo;).&nbsp; Management believes that this measure is important to many of the Corporation&rsquo;s shareholders, creditors and other stakeholders.<\/em>&nbsp;<em>The Corporation&rsquo;s method of calculating Operating Earnings may differ from other corporations and accordingly may not be comparable to measures used by other corporations.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><strong>Business Highlights<\/strong><\/p>\n<p align=\"justify\">FTG accomplished many goals in Q2 2020 that continue to improve the Corporation and position it for the future, including:<\/p>\n<ul type=\"disc\">\n<li>Received Canadian, US and Chinese government support to offset the impact of COVID-19, in the form of grants, forgivable loans and reduced or delayed tax remittances<\/li>\n<li>Implemented hiring freeze, wage freeze and new capital spending freeze across FTG to maintain a strong balance sheet during the uncertain times related to the COVID-19 pandemic<\/li>\n<li>Maintained solid bookings with a 0.97:1 book-to-bill ratio with increasing backlog in the US sites focused more on defense work and decreasing backlog in Canadian and Chinese sites focused more on commercial aerospace programs<\/li>\n<li>Bookings in Q2 increased by $1.5M compared to Q1 2020<\/li>\n<\/ul>\n<p>For FTG, overall sales decreased by $5.4M or 17% from $32.2M in Q2 2019 to $26.8M in Q2 2020.&nbsp; Circuits Fredericksburg contributed $2.6M in Q2 2020, compared to $0 last year.&nbsp; Also benefiting Q2 2020 was a $0.06 weakening of the Canadian dollar versus Q2 last year, which positively impacted sales by approximately $0.6M, net of the impact of realized losses on FX forward contracts. Negatively impacting sales in Q2 2020 was a $3M drop in simulator related sales compared to Q2 last year.&nbsp; Simulator related sales vary much more from quarter-to-quarter than other parts of FTG&rsquo;s business and Q2 last year was a very strong quarter for simulator related sales.&nbsp; Chatsworth sales were down over $3M due in part to lower simulator sales, extended lead time for some components, other supplier issues related to COVID-19 and COVID-19 impact on operations.&nbsp; On a year-to-date basis, sales were $51.4M compared to $57.6M for the same period last year.&nbsp; The drop is due to lower Aerospace sales as described below.<\/p>\n<p align=\"justify\">The Circuits Segment sales were up $0.3M, or 2% in Q2 2020 versus Q2 2019. &nbsp;Included in Q2 2020 were sales of $2.6M from Circuits Fredericksburg, acquired in July, 2019.&nbsp; The Toronto and Chatsworth sites had lower sales and the Joint Venture in China was flat.&nbsp; Year-to-date sales in the Circuits Segment were $36.1M vs $34.5M in 2019.&nbsp; Circuits Fredericksburg contributed $4.7M in 2020.&nbsp; The two North American sites were down similar amounts this year and the Joint Venture was stable.<\/p>\n<p align=\"justify\">For the Aerospace Segment, sales in Q2 2020 were $7.2M compared to $13.0M in Q2 last year.&nbsp; Simulator related sales were down $3M in Q2 2020, which impacted all three sites.&nbsp; Simulator revenues are expected to rebound in the second half of 2020 as the backlog in simulator work at the end of Q2 2020 was strong.&nbsp; The Aerospace sites were negatively impacted by extended component lead times, as a result of COVID-19 impacts on the supply chain.&nbsp; Year-to-date 2020, Aerospace Segment sales were down $7.9M, of which simulator related sales were down $5M.&nbsp;<\/p>\n<p align=\"justify\">Gross margins in Q2 2020 were $8.7M or 32.3% compared to $9.7M or 30.1% in Q2 2019.&nbsp; The lower sales impacted the overall margin while strong cost control, the Canadian wage subsidy received and high throughput improved the margin percentage on a year-over-year basis.&nbsp;<\/p>\n<p align=\"justify\">Earnings before interest, tax, depreciation and amortization (EBITDA) for FTG for Q2 2020 was $5.2M compared to $5.2M in Q2 2019.&nbsp; Again, the strong operating performance resulted in the 19.4% EBITDA margin.<\/p>\n<p align=\"justify\">The following table reconciles net earnings to EBITDA<sup>(2)<\/sup>&nbsp;&nbsp;for the quarter and the trailing 12 months ended May 29, 2020.<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_top\" colspan=\"2\"><strong>Q2 2020<\/strong><\/td>\n<td class=\"gnw_align_right hugin gnw_vertical_align_top\" colspan=\"2\"><strong>Trailing 12 Months<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_top\" colspan=\"2\">&nbsp;<\/td>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_top\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_top\">Net earnings to equity holders of FTG<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">2,034,000<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">1,795,000<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_top\">Add:<\/td>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\" colspan=\"2\">&nbsp;<\/td>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_top\">Interest, accretion<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">198,000<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">499,000<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_top\">Income taxes<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">1,302,000<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">3,362,000<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_top\">Depreciation\/Amortization Stock Comp.\/Impairment<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">1,682,000<\/td>\n<td class=\"gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_bottom\">&nbsp;<\/td>\n<td class=\"gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">7,309,000<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<td class=\"gnw_label_i30 hugin gnw_vertical_align_bottom\" colspan=\"2\">&nbsp;<\/td>\n<td class=\"gnw_label_i30 gnw_border_bottom_solid hugin gnw_vertical_align_bottom\" colspan=\"2\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"hugin gnw_vertical_align_top\">EBITDA<\/td>\n<td class=\"gnw_label_i30 gnw_border_top_solid gnw_border_bottom_solid gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">5,216,000<\/td>\n<td class=\"gnw_label_i30 gnw_border_bottom_solid gnw_padding_right_none hugin gnw_vertical_align_bottom\">$<\/td>\n<td class=\"gnw_border_bottom_solid gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_bottom\">12,965,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"gnw_align_left hugin gnw_vertical_align_top\"><em>(2)<\/em><\/td>\n<td class=\"gnw_label_i15 hugin gnw_vertical_align_top\"><em>EBITDA&nbsp;<\/em><em>are not measures recognized under International Financial Reporting Standards (&ldquo;IFRS&rdquo;).&nbsp; Management believes that these measures are important to many of the Corporation&rsquo;s shareholders, creditors and other stakeholders.<\/em>&nbsp;<em>The Corporation&rsquo;s method of calculating EBITDA may differ from other corporations and accordingly may not be comparable to measures used by other corporations.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">Net profit after tax at FTG in Q2 2020 was $2.0M or $0.08 per diluted share compared to a net profit of $2.5M or $0.10 per diluted share in Q2 2019.&nbsp; Net profit after tax in Q2 2020 was impacted by the lower sales, offset by strong throughput and operating results and the Canadian wage subsidy.<\/p>\n<p align=\"justify\">The Circuits Segment net earnings before corporate and interest and other costs was $3.8M in Q2 2020 compared to $3.9M in Q2 2019.&nbsp; In Q2 2020, the sales were similar to Q2 2019 while the Circuits Fredericksburg site added approximately $2.2M in incremental costs in Q2 2020, offset by reduced costs on lower sales in other FTG sites.&nbsp; For the year-to-date, the net earnings before corporate and interest and other costs was $4.5M compared to $6.1M in the first 6 month of 2019.&nbsp;<\/p>\n<p align=\"justify\">The Aerospace net earnings before corporate and interest and other costs in the quarter was $0.6M in Q2 2020 versus $0.7M in Q2 2019. The drop is due primarily to reduced sales from the simulator related market offset by reduced cost across the business.&nbsp; In the first 6 months of 2020, the net earnings before corporate and interest and other costs was ($1.4M) compared to $1.2M in the same period last year.&nbsp; Reduced sales impacted earnings and Q1 2020 included $1.1M cost for impairment of intangible assets.<\/p>\n<p>As at May 29, 2020, the Corporation&rsquo;s net working capital was $30.0M, compared to $28.6M at year-end in 2019.&nbsp; The increase is due to higher cash, higher inventories offset by lower accounts receivable.&nbsp; As the existing bank facility agreement was scheduled to expire in November 2020, the outstanding bank debt of $4.6M pursuant to that facility was classified as current as of May 29, 2020.&nbsp;<\/p>\n<p align=\"justify\">Net cash at the end of Q2 2020 was $6.4M compared to net cash of $2.2M at the end of 2019.&nbsp;<\/p>\n<p align=\"justify\">Subsequent to quarter end, FTG Circuits Fredericksburg had a fire in the production area of the plant.&nbsp; No employees were injured.&nbsp; One piece of equipment was damaged but work-around production processes have been created while that equipment is repaired or replaced.&nbsp; While there was smoke and water damage in significant parts of the building, production resumed within a few days, and building remediation is ongoing.&nbsp;<\/p>\n<p align=\"justify\">Also subsequent to the end of Q2 2020, FTG entered into an amended and restated two-year committed credit facility with the same major financial institution, which will expire in July, 2022.&nbsp; The amended credit facility is a US$20.0 million committed revolving credit facility consisting of a US$10.0 million operating credit for working capital purposes and a US$10.0 million term credit to fund capital expenditures. The key terms of this credit facility are comparable to the previous one.<\/p>\n<p align=\"justify\">The Corporation will host a live conference call on Thursday July 9, 2020 at 8:30am (Eastern) to discuss the results of Q2 2020.<\/p>\n<p align=\"justify\">Anyone wishing to participate in the call should dial 647-427-2311 or 1-866-521-4909 and identify that you are calling to participate in the FTG conference call. The Chairperson is Mr. Brad Bourne. &nbsp;A replay of the call will be available until August 10, 2020 and will be available on the FTG website at www.ftgcorp.com. &nbsp;The number to call for a rebroadcast is 416-621-4642 or 1-800-585-8367, Conference ID 1275227.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br \/>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n<p>ABOUT FIRAN TECHNOLOGY GROUP CORPORATION<\/p>\n<p align=\"justify\">FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe.&nbsp; FTG has two operating units:<\/p>\n<table class=\"gnw_table_border_collapse hugin\" style=\"height: 87px\">\n<tbody>\n<tr style=\"height: 35px\">\n<td class=\"gnw_label_i30 hugin\" style=\"height: 35px\">&nbsp;<\/td>\n<td class=\"gnw_align_justify hugin gnw_vertical_align_top\" style=\"height: 35px\">FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards.&nbsp; Our customers are leaders in the aviation, defense, and high technology industries.&nbsp; FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia and a joint venture in Tianjin, China.<\/td>\n<\/tr>\n<tr style=\"height: 17px\">\n<td class=\"gnw_label_i30 hugin\" style=\"height: 17px\">&nbsp;<\/td>\n<td class=\"gnw_align_justify hugin gnw_vertical_align_top\" style=\"height: 17px\">&nbsp;<\/td>\n<\/tr>\n<tr style=\"height: 35px\">\n<td class=\"gnw_label_i30 hugin\" style=\"height: 35px\">&nbsp;<\/td>\n<td class=\"gnw_align_justify hugin gnw_vertical_align_top\" style=\"height: 35px\">FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment.&nbsp; FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, Fort Worth, Texas and Tianjin, China.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">The Corporation&#8217;s shares are traded on the Toronto Stock Exchange under the symbol FTG.<\/p>\n<p><strong>For further information please contact:<\/strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n<p>Bradley C. Bourne, President and CEO&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br \/><em>Firan Technology Group Corporation<\/em><br \/>Tel: (416) 299-4000 x314<br \/>bradbourne@ftgcorp.com<\/p>\n<p>Jamie Crichton, Vice President and CFO&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br \/><em>Firan Technology Group Corporation<\/em><br \/>Tel:(416) 299-4000 x264<br \/>jamiecrichton@ftgcorp.com<\/p>\n<p align=\"center\">Additional information can be found at the Corporation&rsquo;s website&nbsp;www.ftgcorp.com<\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/ftgcorp.com\" target=\"_blank\">http:\/\/ftgcorp.com<\/a><br \/><b>Contact Information:<\/b><br \/>Bradley C. Bourne, President and CEO<br \/>\nFiran Technology Group Corporation<br \/>\nTel: (416) 299-4000 x314<br \/>\nbradbourne@ftgcorp.com<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/disclosure-newswire\/\" rel=\"category tag\">Disclosure Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Bradley C. Bourne, President and CEO\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\nFiran Technology Group Corporation<br \/>\nTel: (416) 299-4000 x314<br \/>\nbradbourne@ftgcorp.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"90\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg\" alt=\"\">Firan Technology Group Corporation announced financial results for the second quarter 2020. Achieved a book-to-bill ratio in Q2 of 0.97:1&nbsp; Ended Q2 2020 with over $50M in total backlog, of which $28M is due in Q3 2020 Generated $3.0M in cash in Q2 and ended the quarter with $6.4M in net cash on the balance &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/\">Continue reading <span>Firan Technology Group Corporation (&ldquo;FTG&rdquo; or &ldquo;the Corporation&rdquo;) Announces Second Quarter 2020 Financial Results<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,3,22,54],"tags":[],"class_list":["post-41381","post","type-post","status-publish","format-standard","hentry","category-disclosure-newswire","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results - Business\" \/>\n<meta property=\"og:description\" content=\"Firan Technology Group Corporation announced financial results for the second quarter 2020. Achieved a book-to-bill ratio in Q2 of 0.97:1&nbsp; Ended Q2 2020 with over $50M in total backlog, of which $28M is due in Q3 2020 Generated $3.0M in cash in Q2 and ended the quarter with $6.4M in net cash on the balance &hellip; Continue reading Firan Technology Group Corporation (&ldquo;FTG&rdquo; or &ldquo;the Corporation&rdquo;) Announces Second Quarter 2020 Financial Results Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-09T13:38:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg\" \/>\n<meta name=\"author\" content=\"Asiya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Asiya\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/\",\"name\":\"Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results - Business\",\"isPartOf\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#primaryimage\"},\"image\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg\",\"datePublished\":\"2020-07-09T13:38:00+00:00\",\"author\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/3a37b5ed16b9ebaf70290330c45a2e37\"},\"breadcrumb\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#primaryimage\",\"url\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg\",\"contentUrl\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ipsnews.net\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ipsnews.net\/business\/#website\",\"url\":\"https:\/\/ipsnews.net\/business\/\",\"name\":\"Business\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ipsnews.net\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/3a37b5ed16b9ebaf70290330c45a2e37\",\"name\":\"Asiya\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d4d7dcc41e3f5a5cad4cf78eca935d2f4c65cc9a91e376789d357e29806bcb91?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d4d7dcc41e3f5a5cad4cf78eca935d2f4c65cc9a91e376789d357e29806bcb91?s=96&d=mm&r=g\",\"caption\":\"Asiya\"},\"sameAs\":[\"https:\/\/icrowdnewswire.com\/fc\"],\"url\":\"https:\/\/ipsnews.net\/business\/author\/asiya\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results - Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/","og_locale":"en_US","og_type":"article","og_title":"Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results - Business","og_description":"Firan Technology Group Corporation announced financial results for the second quarter 2020. Achieved a book-to-bill ratio in Q2 of 0.97:1&nbsp; Ended Q2 2020 with over $50M in total backlog, of which $28M is due in Q3 2020 Generated $3.0M in cash in Q2 and ended the quarter with $6.4M in net cash on the balance &hellip; Continue reading Firan Technology Group Corporation (&ldquo;FTG&rdquo; or &ldquo;the Corporation&rdquo;) Announces Second Quarter 2020 Financial Results Continue Reading &rarr;","og_url":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/","og_site_name":"Business","article_published_time":"2020-07-09T13:38:00+00:00","og_image":[{"url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg","type":"","width":"","height":""}],"author":"Asiya","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Asiya","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/","url":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/","name":"Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results - Business","isPartOf":{"@id":"https:\/\/ipsnews.net\/business\/#website"},"primaryImageOfPage":{"@id":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#primaryimage"},"image":{"@id":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg","datePublished":"2020-07-09T13:38:00+00:00","author":{"@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/3a37b5ed16b9ebaf70290330c45a2e37"},"breadcrumb":{"@id":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#primaryimage","url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg","contentUrl":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-corporate.jpg"},{"@type":"BreadcrumbList","@id":"http:\/\/ipsnews.net\/business\/2020\/07\/09\/firan-technology-group-corporation-ftg-or-the-corporation-announces-second-quarter-2020-financial-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ipsnews.net\/business\/"},{"@type":"ListItem","position":2,"name":"Firan Technology Group Corporation (\u201cFTG\u201d or \u201cthe Corporation\u201d) Announces Second Quarter 2020 Financial Results"}]},{"@type":"WebSite","@id":"https:\/\/ipsnews.net\/business\/#website","url":"https:\/\/ipsnews.net\/business\/","name":"Business","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ipsnews.net\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/3a37b5ed16b9ebaf70290330c45a2e37","name":"Asiya","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d4d7dcc41e3f5a5cad4cf78eca935d2f4c65cc9a91e376789d357e29806bcb91?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d4d7dcc41e3f5a5cad4cf78eca935d2f4c65cc9a91e376789d357e29806bcb91?s=96&d=mm&r=g","caption":"Asiya"},"sameAs":["https:\/\/icrowdnewswire.com\/fc"],"url":"https:\/\/ipsnews.net\/business\/author\/asiya\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/41381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/comments?post=41381"}],"version-history":[{"count":0,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/41381\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/media?parent=41381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/categories?post=41381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/tags?post=41381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}