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Omni-Lite Canada ( (TSE:OML) ) has shared an update.
Omni-Lite Industries reported strong financial results for the first quarter of fiscal 2025, with a revenue of US$3.3 million and an adjusted EBITDA of US$408,000. The company achieved record bookings of US$5.7 million, resulting in a historical high backlog of US$7.1 million. The acquisition of eComp is expected to bolster Omni-Lite’s electronics business, with management anticipating significant contract wins. The company’s financial position remains robust with a cash balance of US$3.1 million and no outstanding debt, highlighting its strong operational performance and strategic growth initiatives.
More about Omni-Lite Canada
Omni-Lite Industries Canada Inc. operates in the manufacturing industry, focusing on producing fasteners and electronic components. The company is known for its strong presence in the fasteners business and has recently expanded its operations by acquiring Electric Components, Inc. (eComp).
Average Trading Volume: 14,379
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$18.23M
See more data about OML stock on TipRanks’ Stock Analysis page.