Plaintree Systms - PTEEF STOCK NEWS

Plaintree Systems reported Q2 fiscal 2025 results with revenues of $6.8M, up from $5.2M in Q2 2024. Six-month revenues reached $14.1M, compared to $12.9M in the previous year. However, the company recorded a quarterly net loss of $(610,524), versus a loss of $(43,868) in Q2 2024. The six-month period showed net income of $515,554, down from $621,005 in fiscal 2024. Management attributed the quarterly loss to timing and cost realizations on large multi-quarter projects.

Plaintree Systems Inc. (CSE:NPT) has released its Q1 fiscal 2025 results, ending June 30, 2024. The company reported revenues of $7,282,784, down from $7,752,991 in the same period last year. However, net income increased to $1,126,078 from $664,873 year-over-year. CEO David Watson highlighted improvements across the board, with gross margin rising from 27% two years ago to 34%, indicating enhanced productivity. Plaintree operates in two divisions: Specialty Structures and Applied Electronics, offering diverse products including steel structures, avionic components, and high-end kitchen appliances.

Plaintree Systems Inc. (CSE:NPT) has released its audited financial statements for the fiscal year ending March 31, 2024. The company reported revenues of $24,204,805, up from $19,943,120 in fiscal 2023. Plaintree achieved a net profit of $1,071,906, compared to a loss of $1,944,940 in the previous year. CEO David Watson highlighted increased gross margins and revenue growth as positive indicators for fiscal 2025. Plaintree operates two diversified product lines: Specialty Structures and Applied Electronics, which include businesses such as Triodetic Group, Spotton , Hypernetics, Summit Aerospace USA Inc., and Elmira Stove Works Inc.

Plaintree Systems Inc. released its unaudited interim consolidated financial statements for the third quarter of fiscal 2024, ending December 31, 2023. The company reported revenues of $4,857,244 for the quarter, a decrease from $6,238,193 in the same period in fiscal 2023. Net loss for the quarter was $173,920 compared to net income of $830,907 a year earlier. Year-to-date net income for the first nine months of fiscal 2024 was $447,085, down from $1,390,041 in the same period in fiscal 2023. CEO David Watson highlighted the impact of Triodetic, the company's largest division, on its financial performance, mentioning a backlog of contracts that will start in Q1 of fiscal 2025.

Plaintree Systems Inc. (CSE:NPT) released its unaudited interim consolidated financial statements for the second Quarter of Fiscal 2024, ending September 30, 2023. The company reported revenues of $5,177,886 for the quarter, reflecting an increase from the same period in fiscal 2023. However, there was a net loss of $43,868 for the quarter, compared to a net income of $220,489 a year earlier. Year to date net income for the first two quarters of fiscal 2024 was $621,005, showing growth from the same period a year earlier. CEO David Watson attributed the results to the successful completion of the Elmira integration and a positive year for Triodetic.

Plaintree Systems Inc. releases Q1 2024 financial statements, reporting $7,752,991 in revenues and $664,873 in net income, showing positive growth compared to last year.

Plaintree Systems Inc. (CSE:NPT) Releases Audited Annual Statements for Fiscal Year 2023

Plaintree Systems Inc. (CSE:NPT) reported strong financial results for the first three quarters of fiscal 2023, ending December 31, 2022. The company achieved revenues of $16,545,490, up from $11,025,377 in fiscal 2022, a Year-over-Year increase of 49%. Net income also rose significantly to $1,390,041 compared to $164,230 in the prior year. Despite these positive figures, the CEO mentioned challenges, including supply chain issues affecting Elmira Stove Works' shipments due to its recent acquisition. The company operates in specialty structures and applied electronics sectors.