Plaintree Systems Inc. Announces First Quarter Fiscal 2025 Results
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) ha pubblicato i risultati del primo trimestre fiscale del 2025, chiuso il 30 giugno 2024. L'azienda ha registrato ricavi pari a 7.282.784 dollari, in calo rispetto ai 7.752.991 dollari dello stesso periodo dell'anno scorso. Tuttavia, l'utile netto è aumentato a 1.126.078 dollari, rispetto ai 664.873 dollari dell'anno precedente. Il CEO David Watson ha evidenziato miglioramenti generali, con il margine lordo che è salito dal 27% di due anni fa al 34%, a indicare una maggiore produttività. Plaintree opera in due divisioni: Strutture Speciali ed Elettronica Applicata, offrendo una gamma diversificata di prodotti, tra cui strutture in acciaio, componenti avionic e elettrodomestici di alta gamma.
Plaintree Systems Inc. (CSE:NPT) ha publicado sus resultados del primer trimestre fiscal de 2025, finalizado el 30 de junio de 2024. La compañía reportó ingresos de 7.282.784 dólares, una caída respecto a los 7.752.991 dólares del mismo período del año pasado. Sin embargo, el ingreso neto aumentó a 1.126.078 dólares desde 664.873 dólares interanual. El CEO David Watson destacó mejoras en todos los aspectos, con el margen bruto subiendo del 27% de hace dos años al 34%, indicando una mayor productividad. Plaintree opera en dos divisiones: Estructuras Especializadas y Electrónica Aplicada, ofreciendo productos diversos que incluyen estructuras de acero, componentes aviónicos y electrodomésticos de alta gama.
Plaintree Systems Inc. (CSE:NPT)는 2025 회계연도 1분기 결과를 발표했습니다. 이는 2024년 6월 30일로 종료됩니다. 회사는 7,282,784달러의 수익을 보고했으며, 이는 지난해 같은 기간의 7,752,991달러에서 감소한 것입니다. 그러나 순이익은 664,873달러에서 1,126,078달러로 증가했습니다. CEO 데이비드 왓슨은 전반적인 개선 사항을 강조하며, 총 마진이 2년 전 27%에서 34%로 상승했다고 언급했습니다. 이는 생산성 향상을 나타냅니다. Plaintree는 특수 구조물 및 응용 전자라는 두 개의 부문에서 운영되며, 강재 구조물, 항공 전자 부품 및 고급 주방 가전 등을 포함한 다양한 제품을 제공합니다.
Plaintree Systems Inc. (CSE:NPT) a publié ses résultats du premier trimestre fiscal 2025, se terminant le 30 juin 2024. L'entreprise a déclaré des revenus de 7.282.784 dollars, en baisse par rapport à 7.752.991 dollars durant la même période l'année précédente. Cependant, le bénéfice net a augmenté à 1.126.078 dollars contre 664.873 dollars d'une année sur l'autre. Le PDG David Watson a souligné les améliorations globales, avec la marge brute passant de 27 % il y a deux ans à 34 %, ce qui indique une productivité accrue. Plaintree opère dans deux divisions : Structures Spéciales et Électronique Appliquée, offrant une gamme diverse de produits, y compris des structures en acier, des composants avioniques et des appareils de cuisine haut de gamme.
Plaintree Systems Inc. (CSE:NPT) hat seine Ergebnisse für das erste Quartal des Geschäftsjahres 2025 veröffentlicht, das am 30. Juni 2024 endete. Das Unternehmen berichtete von Umsätzen in Höhe von 7.282.784 Dollar, ein Rückgang gegenüber 7.752.991 Dollar im gleichen Zeitraum des Vorjahres. Dennoch
- Net income increased by 69.4% year-over-year to $1,126,078
- Gross margin improved from 27% to 34% over two years
- Net working capital increased (amount not specified)
- Profitability improved (specific metrics not provided)
- Revenue decreased by 6.1% year-over-year to $7,282,784
ARNPRIOR, ON / ACCESSWIRE / August 15, 2024 / Plaintree Systems Inc. (CSE:NPT) ("Plaintree" or the "Company").
Quarterly Statements for the First Quarter of Fiscal 2025 ending June 30, 2024.
Plaintree announced today that it has released its unaudited interim consolidated financial statements and related management's discussion and analysis for the three months ending June 30, 2024.
For the quarter ending June 30, 2024, Plaintree realized revenues from operations of
Net income was
"We are seeing major improvements in our performance across the board" said David Watson CEO, "net working capital is up, profitability is up and most importantly, gross margin has gone from
Additional information relating to the Company, including the financial statements, may be found on SEDAR at www.sedarplus.ca or the Company's website at www.plaintree.com.
About Plaintree Systems
Plaintree has two diversified product divisions consisting of Specialty Structures and Applied Electronics.
The Specialty Structures division includes the Triodetic Group with over 40 years of experience, is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, foundations for unstable soil conditions and flood zones, for free form structures, barrel vaults, space frames and industrial dome coverings, and Spotton Corporation, a design and manufacturer of high end custom hydraulic and pneumatic valves and cylinders.
The Applied Electronics division includes the legacy Hypernetics, Summit Aerospace USA Inc. and Elmira Stove Works Inc. businesses. Hypernetics was established in 1972 and is a manufacturer of avionic components for various applications including aircraft antiskid braking, aircraft instrument indicators, solenoids, high purity valves and permanent magnet alternators. Summit Aerospace USA Inc. provides high precision machining to the aerospace and defense markets. Our facility includes 5 axis CNC precision machining of complex castings and large ring parts such as turbine and assembly shrouds as well as assembly & pressure seals. Summit will support requirements from concept, prototype and throughout production. Elmira Stove Works Inc a manufacturer of high-end heritage and retro-styled kitchen appliances under the brand names "Northstar", "Fireview" and "Heritage".
Plaintree's shares are traded under the symbol "NPT". Shareholders and Investors can access Company information on CSE's website and receive full Company disclosure monthly. For more information on Plaintree or to receive stock quotes, complete with trading summaries, bid size and ask price, brokerage house participation, insider reports, news releases, disclosure information, and CSE and SEDAR filings, visit the CSE website at www.cnsx.ca or the Company's website at www.plaintree.com.
Plaintree is publicly traded in Canada on the CSE (NPT) with 12,925,253 common shares and 18,325 class A preferred shares outstanding.
This press release may include statements that are forward-looking and based on current expectations. The actual results of the company may differ materially from current expectations. The business of the company is subject to many risks and uncertainties, including changes in markets for the company's products, delays in product development and introduction to manufacturing and intense competition. For a more detailed discussion of the risks and uncertainties related to the company's business, please refer to documents filed by the company with the Canadian regulatory authorities, including the annual report of the Company for the fiscal year ended March 31, 2024 and related management discussion and analysis.
Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
For further information: Robert Turley, CFO (613) 623-3434 x2282
SOURCE: Plaintree Systems, Inc.
View the original press release on accesswire.com
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