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Inventronics ( (TSE:IVX) ) just unveiled an update.
Inventronics Limited reported a net loss of $62,000 for the fiscal year 2024, a significant decline from the net earnings of $369,000 in 2023. The company’s revenue also decreased from $8,859,000 in 2023 to $6,309,000 in 2024, reflecting challenges in its financial performance. The decline in financial results may impact Inventronics’ operations and market positioning, potentially influencing stakeholder confidence.
More about Inventronics
Inventronics Limited designs and manufactures enclosures and other products for the telecommunication, cable, electric distribution, energy, and other industries in North America. The company owns an ISO 9001-registered production facility in Brandon, Manitoba, and its shares trade on the TSX Venture Exchange under the symbol ‘IVX.’
YTD Price Performance: -17.19%
Average Trading Volume: 2,071
Technical Sentiment Signal: Buy
Current Market Cap: C$2.58M
Learn more about IVX stock on TipRanks’ Stock Analysis page.