OMNI-LITE INDUSTRIES ANNOUNCES THIRD QUARTER AND YEAR-TO-DATE FISCAL 2023 RESULTS AND CONFERENCE CALL FOR INVESTORS: NOVEMBER 13, 2023, AT 1:00 PM EST
LOS ANGELES, CALIFORNIA, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" or “Omni-Lite”; TSXV: OML) today reported results for the third quarter Fiscal 2023. Full financial results are available at sedarplus.ca.
- Revenue for the third quarter of fiscal 2023 was approximately US$3.3 million, representing a 9% increase over the fiscal 2023 second quarter and 4% growth compared to the third quarter of fiscal 2022.
- Adjusted EBITDA (1) was US$278,000, an improvement of approximately US$274,000 and US$110,000 as compared to the results for the third quarter of fiscal 2022 and second quarter of fiscal 2023, respectively, and the highest results since March 2020.
- The year-to-date booked-to-bill ratio was 1.25, with over US$11.4 million in bookings through the fiscal 2023 third quarter.
- Omni-Lite will host a conference call for investors on November 13, 2023, beginning at 1:00 P.M. (EST) to discuss the Third Quarter Fiscal 2023 results and review of its business and operations.