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ZTEST Electronics Inc. reports developments tied to its electronic manufacturing services business through wholly owned subsidiary Permatech Electronics Corporation. Company updates commonly cover fiscal results, revenue trends, gross margin, cash flow, working capital, and order activity for printed circuit board assembly, materials management, and testing services.
News also includes capital-structure and governance actions such as normal course issuer bids, stock option grants, annual meeting results, and investor presentations. Permatech serves customers across medical, power, computer, telecommunications, wireless, industrial, trucking, wearables, and consumer electronics markets from an ISO 9001:2015 certified facility in North York, Ontario.
ZTEST Electronics (OTCID:ZTSTF) announced its transition from the OTC Pink Sheets to the newly established OTCID market on the OTC Markets Group platform, effective July 1, 2025. The company will maintain its trading symbol ZTSTF.
The OTCID market imposes enhanced reporting requirements, including management certifications and company profile updates, aimed at providing greater transparency for investors. This transition is expected to attract a wider range of institutional and private investors who typically require more stringent reporting standards. Trading will continue uninterrupted, with no action required from shareholders.
ZTEST Electronics (CSE:ZTE)(OTC:ZTSTF) has announced plans to implement a Normal Course Issuer Bid (NCIB) through the Canadian Securities Exchange. The company intends to purchase up to 2,727,923 common shares, representing 10% of its public float, over a 12-month period from April 1, 2025, to March 31, 2026.
The share purchases will be made on the open market at prevailing market prices, funded by the company's cash reserves. ZTEST can purchase up to 2% of its outstanding shares over any 30-trading day period. All purchased shares will be cancelled. The company has appointed Integral Wealth Securities as its broker for NCIB transactions.
ZTEST believes its current market price undervalues its business potential and views the share buyback as a strategic move to enhance long-term shareholder value.
ZTEST Electronics (CSE:ZTE)(OTC:ZTSTF) reported Q2 2025 financial results, marking an end to eleven consecutive quarters of year-over-year growth. Q2 revenues reached $2,080,861, down 15% year-over-year, while generating $377,972 in cash from operations.
The company's net income for the quarter was $208,604, with year-to-date figures at $532,724, both trailing previous year's results of $504,329 and $676,213 respectively. Basic EBITDA per share decreased to $0.011 from $0.022 last year, impacted by both lower net income and a 29% increase in outstanding shares.
Despite revenue decline, gross margin percentage showed a marginal increase. The company maintains strong liquidity with working capital of $4,328,785 as of December 31, 2024, and is exploring investment opportunities for growth.
ZTEST Electronics Inc. (CSE: ZTE) has announced the initiation of a comprehensive strategic review aimed at enhancing shareholder value. The company has engaged RRico Corporate Development Company for a three-month term to explore strategic growth initiatives.
Ron Rieder, President of RRico, who brings over 25 years of experience in corporate development and has raised more than $100 million in various financing forms, has been granted 100,000 stock options. These options have an exercise price of $0.40, expiring in five years, with 50% vesting in three months and the remainder in 6 months, contingent on his continued retention.
ZTEST Electronics reported strong Q1 2025 financial results with significant improvements across key metrics. Revenue increased 7.4% to $2,019,507, while net income surged 88.5% to $324,120 compared to Q1 2024. The company achieved a 61.3% increase in EBITDA to $518,625 and improved gross margins by 42% to $921,444. Cash generated from operations rose 76% to $442,259. Earnings per share increased 50% from $0.006 to $0.009. The company maintains strong liquidity and low leverage, actively seeking investment opportunities for growth despite a softened EMS industry environment.
ZTEST Electronics reported strong financial results for fiscal 2024, marking its fourth consecutive year of revenue growth. The company achieved revenues of $9,756,044, up 71% from 2023, while net income surged 961% to $1,753,269. Q4 2024 revenues reached $2,791,359, increasing 55.3% year-over-year. EBITDA grew significantly to $2,599,052 ($0.086 per share), up 418.9% from the previous year. The company's gross margins improved by 125.4% to $3,918,137, with Q4 showing the highest periodic revenue of the year.
ZTEST Electronics Inc. (CSE:ZTE) has announced its participation in the Planet MicroCap Showcase: VANCOUVER 2024, scheduled for September 26, 2024. The event, associated with Small Cap Discoveries, is a global multimedia and publishing financial news investor portal focused on the MicroCap market.
ZTEST has made its corporate presentation available on its website. The company, through its subsidiary Permatech Electronics , offers Electronic Manufacturing Services (EMS) including PCB Assembly, Materials Management, and Testing services. Permatech operates from a 21,000 square foot, ISO 9001:2015 certified facility in North York, Ontario, Canada, serving various industries such as Medical, Power, Computer, and Telecommunications.
ZTEST Electronics Inc. (CSE:ZTE) has granted 800,000 stock options to its Directors and Officers, exercisable at $0.30 per share for 5 years. The options vest 50% after 6 months and the remainder after 1 year. The company also announced the resignation of Derrick Strickland as a director, with Dave Barnett appointed to the Audit Committee to fill the vacancy. ZTEST, through its subsidiary Permatech Electronics Corp., offers Electronic Manufacturing Services (EMS) including PCB Assembly, Materials management, and Testing services from its 21,000 square foot, ISO 9001:2015 certified facility in North York, Ontario. Permatech serves various industries, specializing in low and mid-volume production of high complexity products.
ZTEST Electronics Inc. (CSE:ZTE) has appointed David Barnett to its Board of Directors as an independent director, pending regulatory approval. Mr. Barnett brings over 7 years of risk management experience, 6 years of capital markets expertise from BMO Nesbitt Burns, and 25 years of successful microcap investing. He holds a Bachelor of Business Administration and is a CFA charterholder.
CEO Steve Smith highlighted Barnett's strong financial background and expertise in evaluating manufacturing operations as valuable assets to the company. ZTEST, through its subsidiary Permatech Electronics Corp., offers Electronic Manufacturing Services from a 21,000 square foot, ISO 9001:2015 certified facility in North York, Ontario.