Omni-Lite Inds Cda Inc Stock Price, News & Analysis

Omni-Lite Industries (OLNCF) has announced the strategic acquisition of Electronic Components, Inc. (eComp) in an all-cash transaction valued at US$350,000. eComp, based in Framingham, Massachusetts, is a value-added distributor of hard-to-find electronic components serving the aerospace & defense, medical, and energy sectors.

The acquisition is expected to provide immediate positive earnings and expand Omni-Lite's presence in the high-performance electronics space, particularly in the Aerospace & Defense industry. eComp brings established customer relationships and expertise in delivering electronic solutions for obsolescence, technology upgrades, and diminished source issues.

The integration aims to combine eComp's customer relationships with Monzite's electronic technology capabilities, while adding an experienced sales force to strengthen Omni-Lite's pipeline of opportunities in new platforms and sustainment/modernization of mature programs.

Omni-Lite Industries reported record financial results for fiscal 2024, with revenue reaching US$15.9 million, a 28% increase from 2023. The company achieved improved Adjusted EBITDA of US$1.6 million, up from US$445,000 in the previous year.

Key highlights include net income of US$615,000 (US$0.03 per diluted share), strong cash position of US$3.0 million with no debt, and Adjusted Free Cash Flow of US$1.8 million. The company's Q4 2024 revenue was US$3.5 million, up 5% year-over-year, despite seasonal effects.

Looking forward, Q1 2025 bookings reached a historical high of US$5.0 million, driven by new fastener components and U.S. DoD missile defense programs. The company's performance was notably influenced by increased production in missile programs, new Inconel fastener designs, and engine casting customers.

Omni-Lite Industries Canada (TSXV: OML) has scheduled the release of its fourth quarter and fiscal year 2024 financial results for Monday, April 21, 2025, before market open.

The company will host an investor conference call on April 22, 2025, at 4:00 P.M. (EDT) to discuss the fiscal 2024 results and review business operations. Investors can join the call by dialing 888-437-3179 (USA/Canada) or 862-298-0702 (international). A replay will be available 48 hours after the call and archived on the company's website for 12 months.

Omni-Lite Industries reports that California Nanotechnologies has fully repaid its outstanding debt of approximately US$600,000, including principal and interest. This repayment will increase Omni-Lite's cash position and result in a one-time gain of about US$200,000 in 'Other Income'. Additionally, the company has generated cash proceeds from selling approximately 230,000 shares of Cal Nano common stock in Q4 2024. The early debt retirement will help Omni-Lite build capital resources for growth initiatives.

Omni-Lite Industries reported Q3 2024 results with revenue of US$3.8 million, a 14% increase year-over-year, driven by growth in electronic components and fasteners businesses. Adjusted EBITDA was US$187,000, down from US$278,000 in Q3 2023, impacted by an unexpected casting equipment outage. Free Cash Flow improved to US$636,000, up US$387,000 from last year. The company maintains a strong balance sheet with US$2.6 million in cash and no debt. Year-to-date revenue reached US$12.4 million, up 36%, with bookings of US$3.9 million and a book-to-bill ratio of 1.03.

Omni-Lite Industries Canada has announced hybrid attendance options for its upcoming annual general and special meeting scheduled for October 24, 2024 at 11:00 AM EST. Shareholders can attend either in person at Peterson McVicar LLP offices in Toronto or virtually via Zoom. The meeting will cover matters related to the financial year ended December 31, 2023. The company, which specializes in designing and manufacturing precision components for aerospace & defense, transportation, and communication applications, has provided detailed Zoom access information including meeting ID and various dial-in numbers for remote participation.

Omni-Lite Industries (TSXV: OML, OTCQX: OLNCF) reported strong Q2 2024 results with record-breaking revenue of US$4.32 million, a 42% increase year-over-year. Adjusted EBITDA reached US$552,000, tripling from the previous year. The company generated Free Cash Flow of US$848,000, boosting its cash balance to US$1.7 million with no debt.

Year-to-date highlights include revenue of US$8.6 million (49% increase) and Adjusted EBITDA of US$1.4 million. Net income for Q2 was US$286,000 or US$0.02 per diluted share. The backlog as of June 30, 2024, stood at US$4.7 million. CEO David Robbins expressed satisfaction with the financial performance, noting healthy profitability and cash conversion despite an unfavorable product mix and new product start-up costs.

Omni-Lite Industries reported record-breaking revenue of US$4.3 million for Q1 2024, a 57% YoY increase. Adjusted EBITDA soared to US$884,000, up from approximately US$(79,000) in Q1 2023, with a margin of 20.5%. Net income for the quarter was US$415,000, or US$0.03 per diluted share. Bookings reached US$3.7 million, contributing to a backlog of US$6.5 million, a 58% YoY increase. The company maintains a strong balance sheet with US$1.1 million in cash and no debt.