ZTEST Electronics reported Q3 2025 financial results with revenues of $2.1M, showing a decline from Q3 2024's record $2.6M. Nine-month revenues reached $6.2M, down from $7.0M in the prior year but remaining 59% ahead of March 2023. The company maintained strong gross margins at 39.6%, generated EBITDA of $424K, and reported net income of $256K. Cash position strengthened to $3.9M, with working capital of $4.6M. ZTEST initiated a share buyback program (NCIB) on April 1, 2025, repurchasing 296,500 shares. Management cited international tariff uncertainties while noting potential demand improvement signals, maintaining focus on operational execution and shareholder value.
ZTEST Electronics ha comunicato i risultati finanziari del terzo trimestre 2025 con ricavi di 2,1 milioni di dollari, in calo rispetto al record di 2,6 milioni di dollari del terzo trimestre 2024. I ricavi nei primi nove mesi hanno raggiunto 6,2 milioni di dollari, in diminuzione rispetto ai 7,0 milioni dell'anno precedente, ma ancora superiori del 59% rispetto a marzo 2023. L'azienda ha mantenuto un solido margine lordo del 39,6%, ha generato un EBITDA di 424.000 dollari e ha riportato un utile netto di 256.000 dollari. La posizione di cassa si è rafforzata a 3,9 milioni di dollari, con un capitale circolante di 4,6 milioni. ZTEST ha avviato un programma di riacquisto di azioni (NCIB) il 1° aprile 2025, riacquistando 296.500 azioni. La direzione ha citato incertezze legate ai dazi internazionali, pur evidenziando segnali di possibile miglioramento della domanda, mantenendo il focus sull'esecuzione operativa e sul valore per gli azionisti.
ZTEST Electronics informó los resultados financieros del tercer trimestre de 2025 con ingresos de 2,1 millones de dólares, mostrando una disminución respecto al récord de 2,6 millones de dólares del tercer trimestre de 2024. Los ingresos en los primeros nueve meses alcanzaron los 6,2 millones de dólares, por debajo de los 7,0 millones del año anterior, pero aún un 59 % por encima de marzo de 2023. La empresa mantuvo fuertes márgenes brutos del 39,6 %, generó un EBITDA de 424.000 dólares e informó un ingreso neto de 256.000 dólares. La posición de efectivo se fortaleció a 3,9 millones de dólares, con un capital de trabajo de 4,6 millones. ZTEST inició un programa de recompra de acciones (NCIB) el 1 de abril de 2025, recomprando 296.500 acciones. La dirección mencionó incertidumbres en aranceles internacionales, aunque señaló señales de posible mejora en la demanda, manteniendo el enfoque en la ejecución operativa y el valor para los accionistas.
ZTEST Electronics는 2025년 3분기 재무 실적을 발표했으며, 매출은 210만 달러로 2024년 3분기 기록적인 260만 달러에서 감소했습니다. 9개월 누적 매출은 620만 달러로 전년도의 700만 달러보다 줄었지만 2023년 3월 대비 59% 증가한 수치입니다. 회사는 39.6%의 견고한 총이익률을 유지했으며, EBITDA는 42만 4천 달러, 순이익은 25만 6천 달러를 기록했습니다. 현금 보유액은 390만 달러로 강화되었고, 운전자본은 460만 달러입니다. ZTEST는 2025년 4월 1일에 자사주 매입 프로그램(NCIB)을 시작하여 296,500주를 재매입했습니다. 경영진은 국제 관세 불확실성을 언급하면서도 수요 개선 가능성 신호를 주목하며 운영 실행과 주주 가치에 집중하고 있다고 밝혔습니다.
ZTEST Electronics a publié ses résultats financiers du troisième trimestre 2025 avec un chiffre d'affaires de 2,1 millions de dollars, en baisse par rapport au record de 2,6 millions de dollars du troisième trimestre 2024. Les revenus sur neuf mois ont atteint 6,2 millions de dollars, en baisse par rapport à 7,0 millions l'année précédente, mais restant en hausse de 59 % par rapport à mars 2023. La société a maintenu une forte marge brute de 39,6 %, généré un EBITDA de 424 000 dollars et déclaré un bénéfice net de 256 000 dollars. La trésorerie s'est renforcée à 3,9 millions de dollars, avec un fonds de roulement de 4,6 millions. ZTEST a lancé un programme de rachat d'actions (NCIB) le 1er avril 2025, rachetant 296 500 actions. La direction a évoqué des incertitudes liées aux tarifs internationaux tout en notant des signes potentiels d'amélioration de la demande, en restant concentrée sur l'exécution opérationnelle et la création de valeur pour les actionnaires.
ZTEST Electronics meldete die Finanzergebnisse für das dritte Quartal 2025 mit Umsätzen von 2,1 Mio. USD, was einen Rückgang gegenüber dem Rekord von 2,6 Mio. USD im dritten Quartal 2024 darstellt. Die Umsätze in den ersten neun Monaten erreichten 6,2 Mio. USD, weniger als die 7,0 Mio. USD im Vorjahr, liegen jedoch weiterhin 59 % über dem Stand von März 2023. Das Unternehmen hielt starke Bruttomargen von 39,6 % aufrecht, erzielte ein EBITDA von 424.000 USD und meldete einen Nettogewinn von 256.000 USD. Die Barposition wurde auf 3,9 Mio. USD gestärkt, mit einem Working Capital von 4,6 Mio. USD. ZTEST startete am 1. April 2025 ein Aktienrückkaufprogramm (NCIB) und kaufte 296.500 Aktien zurück. Das Management verwies auf Unsicherheiten bei internationalen Zöllen, wies jedoch auf mögliche Anzeichen einer Nachfrageverbesserung hin und behielt den Fokus auf operative Umsetzung und Aktionärswert bei.
Positive
Strong cash position with $3.9M, up from $2.7M in June 2024
Healthy working capital of $4.6M, improved from $3.6M
Maintained solid gross margin at 39.6%
Low long-term debt of only $73K
Implementation of share buyback program with 296,500 shares repurchased
Nine-month revenues remain 59% ahead of March 2023 levels
Negative
Q3 2025 revenue declined to $2.1M from $2.6M in Q3 2024
Nine-month revenue decreased to $6.2M from $7.0M year-over-year
Gross margin percentage dropped to 39.6% from 42.8% year-over-year
Net income declined to $256K from $531K in Q3 2024
Operating cash flow decreased to $392K from $676K year-over-year
NORTH YORK, ON / ACCESS Newswire / May 30, 2025 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTC PINK:ZTSTF) announces Q3 2025 revenues of $2,105,297, a slight increase over the immediate proceeding quarter, but a decline from the record $2,625,282 reported for Q3 2024. Revenues for the nine months ended March 2025 were $6,205,665 as compared to $6,964,685 in the prior year.
While managing through headwinds mentioned in previous quarterly commentary, the Company takes some solace in the fact that revenues for the nine-month period remain almost 59% ahead of March 2023, that gross margin percentages have been maintained, that liquidity has been further enhanced, and that cash flows from operations remain strong.
Financial Highlights
Three months ended
(in thousands of dollars, except per share amounts)
The Company's management and Board of Directors is continually evaluating capital allocation strategies including M&A opportunities. While no such strategic transaction is imminent, management also recognized that an opportunity exists to take advantage of what it perceives to be an under-valuation of its own securities. An NCIB commenced on April 1, 2025, and to date the Company has repurchased 296,500 common shares.
Steve Smith, CEO commented, "Our ability to adapt to the shifting environment is reflected in our consistent operating margin and compelling cash generation. There are subtle indications that demand may soon start to increase, however we remain diligent, due to the uncertainties spawned by new and possible international tariffs. Ultimately, we continue to be centered on operational execution and driving shareholder value."
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).
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