Conference Call for Investors on November 7, 2024
Third Quarter Fiscal 2024 Highlights
Omni-Lite Industries Canada Inc. reported revenue of US$3.8 million, a 14% increase over the year ago period. The company also revealed adjusted EBITDA of approximately US$187,000 and free cash flow of approximately US$636,000. With a strong balance sheet boasting US$2.6 million in cash and no debt outstanding, Omni-Lite is showing stability and growth in the market. Bookings for the quarter reached US$3.9 million, resulting in a book-to-bill ratio of 1.03.
Year To Date Fiscal 2024 Highlights
Year to date, Omni-Lite has seen revenue increase to US$12.4 million, a significant 36% growth over the year ago period. Adjusted EBITDA reached US$1.6 million, representing a US$1.3 million increase over the comparable year ago period. Free cash flow also saw a boost, rising to approximately US$1.6 million, a year-over-year increase of US$1.0 million.
TSXV: OML OTCQX: OLNCF
Omni-Lite Industries Canada Inc., trading under the symbols TSXV: OML and OTCQX: OLNCF, is making waves in the market with its impressive financial performance. The company’s recent announcement of third quarter results has generated excitement and interest among investors and industry analysts alike.
Impact on Individuals
For individual investors, Omni-Lite’s positive financial results may present a lucrative investment opportunity. With revenue growth, strong balance sheet, and increasing free cash flow, the company demonstrates potential for future returns for shareholders.
Global Impact
On a larger scale, Omni-Lite’s success in the market reflects positively on the manufacturing industry and the overall economy. As the company continues to grow and expand its operations, it can contribute to job creation, technological innovation, and economic development in the global market.
Conclusion
Omni-Lite Industries Canada Inc.’s third quarter fiscal 2024 highlights showcase the company’s continued growth and financial stability. With strong revenue, increased free cash flow, and a robust balance sheet, Omni-Lite is positioned for success in the market. The positive impact of Omni-Lite’s performance extends to individual investors looking for promising opportunities and to the broader economy, where the company’s success can contribute to growth and innovation.
