Revenue Growth
Third quarter 2024 revenue was $3.8 million, marking a 14% increase from fiscal year 2023. Year-to-date revenue was $12.4 million, a 36% increase year-over-year.
Record Adjusted EBITDA
Year-to-date adjusted EBITDA reached $1.6 million, a record for Omni-Lite.
Strong Cash Position
The company reported a significant increase in cash of approximately $834,000, resulting in a strong cash balance of $2.6 million, while remaining debt-free.
High Demand for Defense Products
Near-term demand for structural fasteners, jet engine castings, and short-range air defense sensor electronic components are driving bookings, with a backlog of $5 million.