Omni-Lite’s Stellar First Quarter Financials

Omni-Lite Industries Canada Inc. (TSE:OML) has released an update.

Omni-Lite Industries Canada Inc. has reported a record-breaking first quarter in fiscal 2024, with revenues surging by 57% to US$4.3 million and EBITDA skyrocketing to US$884,000, more than tripling the previous year’s best performance. The company’s strong financial position is highlighted by a robust backlog of US$6.5 million and a debt-free balance sheet, signaling sustained growth and operational efficiency.

For further insights into TSE:OML stock, check out TipRanks’ Stock Analysis page.