OMNI-LITE INDUSTRIES REPORTS FIRST QUARTER FISCAL 2025 RESULTS CONFERENCE CALL FOR INVESTORS: MAY 22, 2025, AT 4:00 PM EDT

Core Insights - Omni-Lite Industries Canada Inc. reported record bookings of US$5.7 million for the first quarter of fiscal 2025, leading to a backlog of US$7.1 million, the highest in the company's history [1][4] - The company completed the acquisition of Electric Components, Inc. (eComp) for US$350,000 in an all-cash transaction [1] Financial Performance - Revenue for the first quarter of fiscal 2025 was approximately US$3.3 million, showing strong organic growth in the fasteners business, despite a decline in the electronics segment [2] - Adjusted EBITDA for the quarter was approximately US$408,000, resulting in a margin of 12.3%, compared to a loss of US$83,000 in the previous quarter [2][7] - The company reported a net income of US$109,000, or US$0.01 per diluted share, with free cash flow of approximately US$341,000, an increase from US$112,000 in the same period last year [3][8] Bookings and Backlog - Bookings in the first quarter of fiscal 2025 were approximately US$5.7 million, a 55% increase compared to the first quarter of fiscal 2024, setting a company record [4] - The backlog at March 31, 2025, was approximately US$7.1 million, a 10% increase from US$6.5 million a year earlier and 55% above the backlog at December 31, 2024 [4] Management Commentary - The CEO of Omni-Lite highlighted that revenue and profitability were driven by strong performance in the fastener business, with expectations for notable contract wins in electronics components and contributions from the newly acquired eComp business [5]