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Inventronics Announces 2024 Q3 Financial Results

GlobeNewswire LogoGlobeNewswire15h ago

Inventronics Announces 2024 Q3 Financial Results - GlobeNewswire

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Selected Financial Information     Income HighlightsThree months endedNine months ended(in thousands of dollars, except per share amounts)Sept 302024Sept 302023Sept 302024Sept 302023Revenue1,6041,4634,9817,900Net earnings (loss)31(94)180576Basic earnings per share0.6¢(1.9)¢3.7¢11.8¢ Statement of Financial Position Highlights  As at (in thousands of dollars)Sept 302023Dec 312023Working capital1,7752,254Property, plant and equipment3,2683,234Long-term debt, excluding current portion2,2982,437Shareholders’ equity2,5082,814    Further information about the financial results of the Corporation can be found in the Corporation's unaudited interim financial statements for the quarter ended September 30, 2024 and accompanying management's discussion and analysis ("2024 Q3 MD&A") filed on SEDAR+ at About Inventronics Inventronics Limited designs and manufactures enclosures and other products for an array of customers in the telecommunications, cable, power distribution, energy, and other industries in North America.

CALGARY, Alberta, Nov.21, 2024 (GLOBE NEWSWIRE) -- Inventronics Limited ("Inventronics” or the "Corporation”) (IVX:TSX Venture), a designer and manufacturer of enclosures for the telecommunications, cable, power distribution, energy and other industries in North America, today announced its unaudited 2024 Q3 financial results.

For the nine months ended September 30, 2024, Inventronics reported net earnings of $180,000, or 3.7 cents per share, on revenue of $4,981,000 compared to net earnings of $576,000, or 11.8 cents per share, on revenue of $7,900,000 for the comparative period in 2023.

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Article Details

Author / Journalist: Inventronics Limited

Category: Technology

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Published On: 2024-11-21 @ 22:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 290 words

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Sentences: 11 lines

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Copyright Owner: © GlobeNewswire

News ID: 23746099

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