ZTEST Electronics Inc. Announces Record Revenues and Net Income for Fiscal 2024
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 ha riportato risultati finanziari solidi per l'anno fiscale 2024, segnando il quarto anno consecutivo di crescita dei ricavi. L'azienda ha raggiunto ricavi di $9.756.044, con un incremento del 71% rispetto al 2023, mentre l'utile netto è balzato del 961%, arrivando a $1.753.269. I ricavi del quarto trimestre 2024 hanno toccato i $2.791.359, con un aumento del 55,3% anno su anno. EBITDA è cresciuto significativamente a $2.599.052 ($0,086 per azione), con un aumento del 418,9% rispetto all'anno precedente. I margini lordi dell'azienda sono migliorati del 125,4% fino a $3.918.137, con il quarto trimestre che ha mostrato il ricavo periodico più alto dell'anno.
ZTEST Electronics reportó resultados financieros sólidos para el año fiscal 2024, marcando su cuarto año consecutivo de crecimiento en ingresos. La compañía alcanzó ingresos de $9,756,044, un aumento del 71% en comparación con 2023, mientras que las ganancias netas se dispararon un 961% a $1,753,269. Los ingresos del cuarto trimestre de 2024 alcanzaron los $2,791,359, aumentando un 55.3% interanual. EBITDA creció significativamente a $2,599,052 ($0.086 por acción), un aumento del 418.9% respecto al año anterior. Los márgenes brutos de la compañía mejoraron en un 125.4% a $3,918,137, siendo el cuarto trimestre el que mostró los ingresos periódicos más altos del año.
ZTEST Electronics는 2024 회계연도에 강력한 재무 결과를 보고하며, 연속 4년 동안의 수익 성장세를 기록했습니다. 회사는 $9,756,044의 수익을 달성하였고, 이는 2023년 대비 71% 증가한 수치입니다. 또한 순이익은 961% 증가하여 $1,753,269에 달했습니다. 2024년 4분기 수익은 $2,791,359에 도달하였고, 이는 전년 대비 55.3% 증가한 것입니다. EBITDA는 $2,599,052($0.086 주당)로 크게 성장하였으며, 이는 이전 년도 대비 418.9% 증가한 수치입니다. 회사의 총 마진은 125.4% 개선되어 $3,918,137에 이르렀고, 4분기는 올해 중 가장 높은 주기적 수익을 기록했습니다.
ZTEST Electronics a annoncé de solides résultats financiers pour l'exercice 2024, marquant sa quatrième année consécutive de croissance des revenus. L'entreprise a réalisé un chiffre d'affaires de 9 756 044 $, en hausse de 71 % par rapport à 2023, tandis que le bénéfice net a bondi de 961 % pour atteindre 1 753 269 $. Les revenus du quatrième trimestre 2024 se sont élevés à 2 791 359 $, augmentant de 55,3 % d'une année sur l'autre. EBITDA a crû de manière significative à 2 599 052 $ (0,086 $ par action), soit une augmentation de 418,9 % par rapport à l'année précédente. Les marges brutes de l'entreprise se sont améliorées de 125,4 % pour atteindre 3 918 137 $, le quatrième trimestre affichant les revenus périodiques les plus élevés de l'année.
ZTEST Electronics berichtete über starke finanzielle Ergebnisse für das Geschäftsjahr 2024 und markierte damit das vierte hintereinander folgende Jahr mit Umsatzwachstum. Das Unternehmen erzielte Einnahmen von $9.756.044, ein Anstieg um 71% im Vergleich zu 2023, während der Nettogewinn um 961% auf $1.753.269 anstieg. Die Einnahmen im 4. Quartal 2024 erreichten $2.791.359, was einem Anstieg von 55.3% im Vergleich zum Vorjahr entspricht. EBITDA wuchs signifikant auf $2.599.052 ($0.086 pro Aktie), was einem Anstieg von 418.9% im Vergleich zum Vorjahr entspricht. Die Bruttomargen des Unternehmens verbesserten sich um 125.4% auf $3.918.137, wobei das 4. Quartal die höchsten periodischen Einnahmen des Jahres zeigte.
- Revenue growth of 71% YoY to $9,756,044
- Net income increase of 961% to $1,753,269
- EPS growth of 867% to $0.058
- EBITDA surge of 418.9% to $2,599,052
- Gross margin improvement of 125.4% to $3,918,137
- Six consecutive quarters of revenue growth
- None.
NORTH YORK, ON / ACCESSWIRE / October 28, 2024 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE) is pleased to announce fiscal 2024 marked the fourth consecutive fiscal year of revenue growth, with revenues climbing
Revenues for fiscal 2024 were
Revenues for the final quarter of 2024 of
The final quarter of 2024 produced the highest periodic revenue of the year, representing the sixth consecutive quarter for which revenues increased in comparison to the immediately preceding quarter, and the tenth consecutive quarter for which revenues rose in comparison to the same period one year earlier. This revenue growth contributed significantly to enhanced margins and profitability.
Gross margins for the final quarter were more than
Earnings before interest, taxes, depreciation, and amortization (EBITDA), increased significantly to
EBITDA for the fourth quarter of 2024 was
"Our recent investment in state-of-the-art equipment keeps us at the forefront of technology, enabling us to assemble virtually any type of circuit board. This unwavering commitment to delivering the exact PCBs our customers require - when and how they need them - positions us well for a strong future.", said Steve Smith, CEO.
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 a 21,000 square foot, ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract manufacturer 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).
SOURCE: ZTEST Electronics Inc.
View the original press release on accesswire.com
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