Omni-Lite Canada (TSE:OML) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Omni-Lite Industries Canada reported a 14% increase in third-quarter revenue for fiscal 2024, reaching US$3.8 million, primarily due to growth in their electronic components and fasteners businesses. The company also maintained a strong financial position with US$2.6 million in cash and no debt. Despite a temporary equipment outage, Omni-Lite achieved significant free cash flow improvements.
For further insights into TSE:OML stock, check out TipRanks’ Stock Analysis page.
