Inventronics Announces 2022 Q1 Financial Results
27 April 2022 - 10:01PM
Inventronics Limited (“Inventronics” or the “Corporation”) (IVX:TSX
Venture), a designer and manufacturer of enclosures for the
telecommunications, electric transmission, cable television and
other industries in North America, today announced its unaudited
2022 Q1 financial results.
For the three months ended March 31, 2022,
Inventronics reported net earnings of $501,000, or 10.4 cents per
share, on revenue of $3,755,000 compared to net earnings of
$181,000, or 4.0 cents per share, on revenue of $1,800,000 for the
three months ended March 31, 2021. The increase in revenue is a
result of increased demand in both Canada and the USA for internet
bandwidth and changing communication technologies that utilize the
Corporation’s enclosures.
Selected Financial Information |
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Income Highlights |
Three months ended |
(in thousands of dollars, except per share amounts) |
Mar 312022 |
Mar 312021 |
Revenue |
3,755 |
1,800 |
Net earnings |
501 |
181 |
Basic earnings per share |
10.4¢ |
4.0¢ |
Statement of Financial Position Highlights |
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(in thousands of dollars)As at |
Mar 312022 |
Dec 312021 |
Working capital |
2,145 |
1,527 |
Property, plant and equipment |
2,353 |
2,298 |
Long-term debt, excluding current portion |
2,036 |
2,101 |
Shareholders’ equity |
2,788 |
2,287 |
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Further information about the financial results
of the Corporation can be found in the Corporation's unaudited
interim financial statements for the quarter ended March 31, 2022
and accompanying management's discussion and analysis ("2022 Q1
MD&A") filed on SEDAR at www.sedar.com.
About Inventronics
Inventronics Limited designs and manufactures
enclosures and other products for an array of customers in the
telecommunications, electric utility, cable television, oil and
gas, electronics and other industries in North America. The
Corporation owns its ISO 9001-registered production facility in
Brandon, Manitoba.
Shares of Inventronics trade on the TSX Venture
Exchange under the symbol “IVX.” For more information about the
Corporation, its products and its services, go to
www.inventronics.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Dan J. Stearne, President and CEO |
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(204) 717-0487 |
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dstearne@inventronics.com |
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Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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