Core Insights - Omni-Lite Industries Canada Inc. reported a revenue of approximately US$3.5 million for Q2 fiscal 2025, marking a 5% increase from Q1 fiscal 2025, driven by contributions from the acquisition of eComp and growth in the fasteners business [3][4] - The company’s adjusted EBITDA for Q2 fiscal 2025 was approximately US$95,000, impacted by general and administrative expenses related to eComp and lower revenue in the electronic components sector [4][8] - Omni-Lite's cash balance stood at US$2.9 million, reflecting an increase of approximately US$1.2 million compared to Q2 fiscal 2024, with no outstanding debt [4][8] Financial Performance - Year-to-date revenue for fiscal 2025 was reported at US$6.8 million, down from US$8.6 million in the same period of fiscal 2024 [9] - Adjusted EBITDA for the six months ended June 30, 2025, was US$503,000, compared to US$1.4 million in the previous year [9] - Free cash flow for Q2 fiscal 2025 was approximately US$170,000, a decrease from US$848,000 in Q2 fiscal 2024 [9] Backlog and Orders - Bookings for Q2 fiscal 2025 were approximately US$2.8 million, resulting in a backlog of approximately US$6.3 million, which is an increase of US$1.6 million compared to the same period last year [5][8] - In August 2025, the company secured approximately US$1.4 million in orders for electronic components supporting U.S. defense programs, with deliveries expected in 2025 and the first half of 2026 [6][8] Management Commentary - The CEO highlighted the company's consistent performance driven by product diversity and strategic execution, with expectations for a significant rebound in microelectronics revenue in Q3 due to strong order flow [7] - The integration of eComp into Monzite is progressing on schedule, with major customer recertifications nearing completion, positioning the company to leverage relationships for high-demand defense programs [7]
OMNI-LITE INDUSTRIES REPORTS SECOND QUARTER FISCAL 2025 RESULTS CONFERENCE CALL FOR INVESTORS AUGUST 14, 2025, AT 4:00 PM EDT
Globenewswire·2025-08-13 11:00