CORRECTION FROM SOURCE: ZTEST Electronics Inc. Announces Fiscal 2025 Year End and AGM Results
Rhea-AI Summary
ZTEST Electronics (OTCID:ZTSTF) issued a correction to table headings and reported fiscal 2025 revenue of $8,319,302 (vs $9,756,044 in fiscal 2024) and Q4 revenue of $2,113,637 (vs $2,791,359). Fiscal 2025 gross margin was $3,457k (41.6% of revenue) and net income was $1,089k (basic EPS $0.030) versus FY2024 net income $1,753k (EPS $0.058). EBITDA was $1,837k and operating cash flow was $1,657k for fiscal 2025.
Balance sheet highlights at June 30, 2025 include cash $4,105k, working capital $5,008k, long-term debt $56k and shareholders' equity $5,807k. Directors Steve Smith, Dean Tyliakos, David Barnett and William R. Johnstone were re-elected and Kreston GTA LLP was re-appointed auditor at the Oct 24, 2025 AGM.
Positive
- Cash balance increased to $4,105k at Jun 30, 2025
- Working capital rose to $5,008k at Jun 30, 2025
- Shareholders' equity increased to $5,807k at Jun 30, 2025
- Gross margin percentage improved to 41.6% for fiscal 2025
Negative
- Fiscal 2025 revenue declined by ~14.8% to $8,319k from $9,756k
- Fiscal 2025 net income fell by ~37.9% to $1,089k
- Fiscal 2025 EBITDA declined by ~29.3% to $1,837k
- Q4 (Jun 30, 2025) revenue dropped by ~24.3% to $2,114k versus Q4 2024
News Market Reaction 1 Alert
On the day this news was published, ZTSTF gained 25.27%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ZTEST Electronics Inc. is issuing a correction to the previously disseminated press release dated October 27, 2025. The press release incorrectly identified comparative results for the three months ended June 30, 2025 and June 30, 2024 as December 31, 2025 and December 31, 2024. The numbers in the table are correct but the heading has been changed to June 30, 2025 and June 30, 2024
NORTH YORK, ON / ACCESS Newswire / October 27, 2025 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTCID:ZTSTF) announces fiscal 2025 revenues of
Financial Highlights | Fiscal Year End | |||||||
(in thousands of dollars, except per share amounts) | June | June | ||||||
Revenue | 8,319 | 9,756 | ||||||
Gross Margin | 3,457 | 3,918 | ||||||
Gross Margin as a % of Revenue | 41.6 | 40.2 | ||||||
Net Income | 1,089 | 1,753 | ||||||
Net Income per share (basic) | 0.030 | 0.058 | ||||||
EBITDA | 1,837 | 2,599 | ||||||
Operating Cash Flow | 1,657 | 2,280 | ||||||
Financial Position | As at | |||||||
(in thousands of dollars) | Jun 30 | Jun 30 | ||||||
Cash | 4,105 | 2,776 | ||||||
Working Capital | 5,008 | 3,593 | ||||||
Long-term Debt | 56 | 121 | ||||||
Shareholders' Equity | 5,807 | 4,497 | ||||||
Financial Highlights | Three months ended | |||||||
(in thousands of dollars, except per share amounts) | Jun 30 | Jun 30 | ||||||
Revenue | 2,114 | 2,791 | ||||||
Gross Margin | 872 | 1,171 | ||||||
Gross Margin as a % of Revenue | 41.3 | 41.9 | ||||||
Net Income | 300 | 546 | ||||||
Net Income per share (basic) | 0.008 | 0.016 | ||||||
EBITDA | 494 | 870 | ||||||
Operating Cash Flow | 415 | 809 | ||||||
Steve Smith, CEO commented, "The EMS market entered a cyclical decline in the second half of fiscal 2024 and the imposition and threat of tariffs added to the market malaise. As a contract assembler our business levels tend to trail general market swings leading to a strong finish to fiscal 2024 followed by generally smaller orders in fiscal 2025. We realized modest revenue growth in each of the final three quarters of 2025 and are very encouraged by the positive signs that began in the latter part of the third quarter of 2025, both domestic and export, suggesting that market confidence is returning. We believe that our extensive efforts to nurture existing customer relationships, and foster new customer relationships, is starting to pay off."
The Company also wishes to announce that Steve Smith, Dean Tyliakos, David Barnett and William R. Johnstone were re-elected to the Board of Directors and Kreston GTA LLP, Chartered Professional Accountants, were re-appointed as auditors of the Company for the ensuing year at the annual meeting of shareholders held on Friday October 24, 2025.
About ZTEST Electronics Inc.
ZTEST Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products.
For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ztest.com
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This press release contains forward looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.com).
SOURCE: ZTEST Electronics Inc.
View the original press release on ACCESS Newswire
FAQ
What were ZTEST (ZTSTF) fiscal 2025 total revenues and Q4 revenue?
How did ZTEST's net income and EPS for fiscal 2025 compare to fiscal 2024?
What correction did ZTEST issue on October 27, 2025 regarding its press release?
What balance sheet improvements did ZTEST report at Jun 30, 2025?
Were there any board or auditor appointments announced by ZTEST at the Oct 24, 2025 AGM?
What did ZTEST management say about market conditions affecting fiscal 2025 revenue?
