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
Third Quarter Fiscal 2023 Highlights
❖ Revenue of US$3.3 million, Up 4% Year-over-Year, and Up 9% over Q2’ 2023
❖ Adjusted EBITDA(1) of US$278,000, Representing the Highest Results Since March 2020
❖ Adjusted EBITDA(1) Incremental Margin of 40% and 200% Compared to Q2’2023 and Year Ago Quarter, Respectfully
❖ Free Cash Flow(1) of US$255,000, An Increase of US$870,000 Year-over-Year
❖ Bookings of US$4.7 million, a 33% Increase over Q2’2023
❖ Backlog of US$6.1 million, a 31% Increase over Q3’2023 and Eclipsing Recent Historic High
❖ Ended Quarter with a Strong Balance Sheet with Cash of US$1.3 million, and Remained Debt-Free
YTD Fiscal 2023 Highlights
❖ Revenue of US$9.1 million, a 13% Increase over the Year Ago Period
❖ Adjusted EBITDA(1) of US$367,000, an Increase of US$1.2 million Year-over-Year
❖ Free Cash Flow(1) of US$627,000, an increase of US$2.0 million Year-over-Year, or a US$1.4 million Increase on an Adjusted Free Cash Flow(1) Basis
November 10, 2023
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.
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