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ZTEST Electronics Inc. operates through its subsidiary Permatech Electronics Corp., offering Electronic Manufacturing Services (EMS) including Materials Management, Printed Circuit Board (PCB) Assembly, and Testing services. With a 20,000 square foot ISO 9001:2015 certified facility in North York, Ontario, ZTEST specializes in contract manufacturing of complex circuit boards for various markets like Medical, Power, Computer, Telecommunications, and more. The company recently achieved record revenue and net income, showcasing significant growth and profitability. ZTEST is strategically expanding its production capabilities by acquiring new machinery to meet increasing demand and enhance operational efficiency.
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.
ZTEST Electronics announced results from its annual shareholder meeting on July 11, 2024. Key elections included Steve Smith, Dean Tyliakos, Derrick Strickland, and William R. Johnstone to the Board of Directors, while K. Michael Guerrerio resigned. Kreston GTA LLP was appointed as auditors, and a new 10% rolling Stock Option Plan was approved. ZTEST operates through its subsidiary, Permatech Electronics, providing EMS services from a 21,000 sq. ft. facility in North York, Ontario. They specialize in PCB assembly and materials management, serving various high-tech industries.
For more info, contact CEO Steve Smith at steves@ztest.com.
ZTEST Electronics Inc. has closed an oversubscribed non-brokered private placement, raising $1.26 million by issuing 5,040,000 working capital units at $0.25 per unit. The placement includes common shares and warrants, with a finder's fee of $54,845 paid. Proceeds will be used for general working capital purposes. ZTEST Electronics Inc., operating through its subsidiary Permatech Electronics Corp., offers Electronic Manufacturing Services (EMS) specializing in complex circuit board production for various industries.
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