Welcome to our dedicated page for Omni-Lite Inds Cda news (Ticker: OLNCF), a resource for investors and traders seeking the latest updates and insights on Omni-Lite Inds Cda stock.
Omni-Lite Inds Cda Inc (OLNCF) is a leading Canadian industrial manufacturer specializing in precision engineering and advanced process solutions. This dedicated news hub provides investors and industry professionals with comprehensive access to the company's latest developments.
Track all official announcements including earnings reports, strategic partnerships, product innovations, and operational updates. Our curated collection ensures timely access to press releases and verified news articles, helping stakeholders monitor the company's progress in industrial manufacturing and engineering sectors.
Key updates include financial disclosures, leadership changes, technology advancements, and market expansion initiatives. Bookmark this page for streamlined access to OLNCF's evolving story, with content organized for quick scanning and informed decision-making.
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.
Omni-Lite Industries Canada Inc. reported strong financial results for the fourth quarter of Fiscal 2022 with revenues of US$3.1 million, an 83% year-over-year increase. Bookings reached US$2.9 million, marking a 4% growth over the previous quarter. The company ended the quarter with a free cash flow of US$125,000 and a debt-free balance sheet. For the Fiscal Year 2022, revenues were US$11.1 million, up 93% from US$5.8 million in 2021. Preliminary results for the first quarter of Fiscal 2023 indicate an anticipated revenue of US$2.7 million, a 13% increase compared to the same quarter last year, with strong bookings of US$3.2 million.
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