Core Insights - Omni-Lite Industries Canada Inc. reported record revenue of US$15.9 million for Fiscal 2024, marking a 28% increase compared to Fiscal 2023 [1][5] - The company achieved improved Adjusted EBITDA of US$1.6 million in Fiscal 2024, up from US$445,000 in the previous year [1][5] - Strong cash generation was noted, with an increase of US$1.9 million over Fiscal 2023 [1] - Bookings for the first quarter of Fiscal 2025 reached US$5.0 million, setting a quarterly historical high [1][8] Fiscal Year 2024 Results - Revenue for the fourth quarter of Fiscal 2024 was approximately US$3.5 million, a 5% increase from the fourth quarter of Fiscal 2023 [2] - Adjusted EBITDA for the fourth quarter was approximately US$(83,000), compared to approximately US$78,000 in the fourth quarter of 2023, impacted by sales mix and aged inventory sales [3] - Net income for the fiscal year was US$615,000, or US$0.03 per diluted share, compared to US$90,000 or US$0.01 per diluted share in Fiscal 2023 [6] Financial Position - The company's balance sheet remains strong with US$3.0 million in cash and no outstanding debt at year-end [4] - Cash increased by US$430,000 during the quarter, aided by the receipt of Cal Nano loan proceeds [4] - Bookings for the fiscal year totaled US$13.4 million [6] Management Insights - The CEO highlighted that 2024 performance reflected key business themes as an Aerospace and Defense manufacturer, emphasizing the ability to respond quickly to customer demands [7] - Anticipation of strong bookings in the first half of 2025 is noted, particularly from new fastener components and electronic modernization efforts on U.S. DoD missile defense programs [8]