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Yahoo
21 hours ago
- Business
- Yahoo
Yangaroo Announces Q1'2025 Financial Results
Eleventh Consecutive Quarterly Positive Normalized EBITDA Driven by Operational Efficiencies Toronto, Ontario--(Newsfile Corp. - May 30, 2025) - YANGAROO Inc. (TSXV: YOO) (OTC PINK: YOOIF) ("Yangaroo", "Company"), a software leader in media asset workflow and distribution solutions, today announced its financial results for the first quarter ended March 31, 2025. The first quarter financial statements and corresponding management's discussion and analysis (the "First Quarter Filings") are available at and on the Company's profile at Please note that all currency in this press release is denominated in United States dollars, unless otherwise noted. The Company is pleased to report an improvement in both operating income and Normalized EBITDA for the first quarter ended March 31, 2025, demonstrating the Company's strong focus on strategic execution and cost management. These improvements were accompanied by a notable increase in operating income compared to the same period in 2024. Total revenue for the quarter declined by $140,573, or 7% year over year. This decline was in part due to a Millena3 client contract not being renewed, ongoing reduced music video deliveries from the music division, and the Company believes the recent geopolitical tensions and trade protectionism measures implemented by the U.S. government contributed to a more cautious spending approach by brands and advertisers, impacting performance with the Advertising division. Despite these events and headwinds, the Company's continued emphasis on operational efficiency and disciplined cost control led to positive operating income. For the three months ended March 31, 2025, operating income and Normalized EBITDA increased to $24,526 and $264,251, respectively, from operating income of $17,371 and Normalized EBITDA of $237,581 in Q1'2024. Grant Schuetrumpf, President and CEO of Yangaroo, commented, "We are excited to announce our eleventh consecutive quarter of positive Normalized EBITDA, which we see as a testament to our stable operations and unwavering commitment to exceptional client service. As we move through 2025, our focus will remain on executing our growth strategy, expanding our customer base, and investing in our technology platform. Despite the challenges and recent uncertainties in the advertising and music markets, we believe we are well-positioned to continue to seize both organic and non-organic growth opportunities across all divisions." Q1'2025 Financial Highlights Revenue in Q1'2025 was $1,782,058 compared to $1,922,631 and $2,241,659 in the first quarter of 2024 and the fourth quarter of 2024, respectively. Revenue decreased by $140,573, or 7%, versus Q1'2024. The decrease in revenue was primarily driven by lower Advertising and Music revenue, with a decrease of $130,020, or 9%, and $51,929, or 19%, respectively, slightly offset by higher Awards revenue year over year with an increase of $41,376, or 34%. Revenue decreased by $459,601, or 21%, versus Q4'2024. The decrease in revenue was primarily attributed to lower Advertising revenue of $333,141, or 19%, as well as decreased Awards revenue of $151,469, or 48%, offset by higher Music revenue with an increase of $25,009, or 12%. This decrease in revenue can be attributed to the geopolitical situation as well as seasonality with the fourth quarter typically being the highest volume and spend period. Operating expenses in Q1'2025 were $1,757,532 compared to $1,905,260 and $1,950,876 in the first quarter of 2024 and the fourth quarter of 2024, respectively. Operating expenses decreased by $147,728, or 8%, versus Q1'2024. The decrease in operating expenses was primarily attributed to reductions across headcount, marketing, and technology expenses, offset by slightly higher general and administrative expenses. Operating expenses decreased by $193,344, or 10%, versus Q4'2024. The decrease in operating expenses was primarily attributed to the Company's restructuring and cost control initiatives, which resulted in lower salaries, lower technology, and marketing expenses. Normalized EBITDA in Q1'2025 was $264,251 in comparison to Normalized EBITDA of $237,581 in Q1'2024 and Normalized EBITDA of $540,504 in Q4'2024. Normalized EBITDA improved by $26,673, or 11%, compared to Q1'2024. The increase was primarily attributed to improved operating income resulting from Management's operational optimization strategy. Normalized EBITDA decreased by $276,253, or 51%, compared to Q4'2024. The decrease was primarily attributed to seasonality with the fourth quarter typically being the highest volume and spend period. Financial Highlights Q1 2025 Q4 2024 Q3 2024 Q2 2024Cash $ 217,088$ 231,083 105,906 86,118Working Capital (Deficiency)(1,900,378 )(1,841,495 )(1,787,761 )(1,932,157 ) Liquidity686,618 717,583 550,386 378,358 Revenue1,782,058 2,241,659 1,942,525 1,949,689Operating Expenses1,757,532 1,950,876 1,593,542 1,838,985Other Expenses (Income)152,424 (92,192 )179,406 118,863Income Tax Expense (Recovery)909 (97,327 )- 120,872After-Tax Income (Loss) for the Period(128,807 )480,302 169,577 (129,031 ) Income (Loss) per Share - Basic $ (0.00 ) $ 0.01$ 0.00$ (0.00 ) Income (Loss) per Share - Diluted $ (0.00 ) $ 0.01$ 0.00$ (0.00 ) EBITDA158,596 651,570 374,900 307,730EBITDA Margin %8.90% 29.07% 19.30% 15.78%Normalized EBITDA *264,251 540,504 466,458 337,818Normalized EBITDA Margin % *14.83% 24.11% 24.01% 17.33% Q1 2024 Q4 2023 Q3 2023 Q2 2023Cash $ 207,998$ 150,928$ 254,720$ 284,178Working Capital (Deficiency)(1,810,041 )(1,758,949 )(115,884 )(94,749 ) Liquidity521,092 623,506 975,794 552,960 Revenue1,922,631 2,128,768 1,708,931 2,172,530Operating Expenses1,905,260 2,172,342 1,708,684 1,890,089Other Expenses (Income)(144 )3,756,134 20,217 230,473Income Tax Expense (Recovery)1,950 (134 )(11,907 )15,750After-Tax Income (Loss) for the Period15,565 (3,799,574 )(8,063 )36,218Income (Loss) per Share - Basic $ 0.00 ($0.06 )($0.00 ) $ 0.00Income (Loss) per Share - Diluted $ 0.00 ($0.06 )($0.00 ) $ 0.00EBITDA356,704 (3,407,954 )322,585 384,490EBITDA Margin %18.55% (160%) 18.88% 17.70%Normalized EBITDA*237,581 211,061 266,269 541,952Normalized EBITDA Margin % *12.36% 9.91% 15.58% 24.95% * A non-IFRS measure. See "Non-IFRS financial measures" for definitions and reconciliation of non-IFRS measures to the relevant IFRS measures OTC Markets Listing The Company received a notice from OTC Markets Group indicating that the OTC Pink Market will be discontinued as of July 1, 2025. YANGAROO's shares currently trade on the OTC Pink Market under the symbol YOOIF. The Company does not intend to take the necessary steps to upgrade the Company's shares to the OTCID Basic Market at this time however may elect to do so at a future time. This may affect the liquidity of the Company's shares on the OTC Markets. Shares for Services The TSX Venture Exchange (the "Exchange") has conditionally approved a previously disclosed shares for services arrangement (the "Shares for Services Arrangement") entered into between the Company and Grant Schuetrumpf, whereby the Company had agreed to pay to Mr. Schuetrumpf the lesser of USD $2,500 per month and CAD $5,000 per month (less applicable withholding taxes) (the "Monthly Share Compensation Value") in addition to Mr. Schuetrumpf's existing salary, by way of share issuance. For the months of January through April 2025, the Company will issue 200,350 common shares of the Company (the "Shares"), at a price per share of $0.0375 with respect to 62,469 Shares for the month of January and $0.05 per share with respect to the remaining Shares for the months of February through April. The Shares will be subject to hold period of 4 months imposed by the policies of the Exchange, expiring July 11, 2025. No new insiders will be created, nor will any change of control occur, as a result of the issuance of the Shares. Additional issuances under the Shares for Services Arrangement will be disclosed in future news releases. As Mr. Schuetrumpf is an officer and director of the Company, the issuance of the Shares under the Shares for Services Arrangement is considered a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders In Special Transactions ("MI 61-101") and the TSXV. The Company is relying on the exemptions from the formal valuation and the minority shareholder approval requirements of MI-61-101 contained in section 5.5 (a) and Section 5.7 (1)(a) as the fair market value of the common shares being issued to insiders in connection with the Shares for Services Arrangement does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. About YANGAROO Yangaroo is a technology provider in the media and entertainment industry, offering a cloud-based software platform for the management and distribution of digital media content. Yangaroo's Digital Media Distribution System ("DMDS") platform is a patented cloud-based platform that provides customers with a centralized and fully integrated workflow directly connecting radio and television broadcasters, digital display networks, and video publishers for centralized digital asset management, delivery, and promotion. DMDS is used across the advertising, music, and entertainment awards show markets. The address of the Company's corporate office and principal place of business is 360 Dufferin Street, Suite 203, Toronto, Ontario, M6K 1Z8. # # # For YANGAROO Investor Inquiries:Grant SchuetrumpfPh: (416) 534 0607investors@ Neither the TSX Venture Exchange nor Its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this release. Use of Non-IFRS Financial Measures The following non-IFRS definitions are used in the press release because management believes that they provide useful information regarding the Company's ongoing operations. Readers are cautioned that the definitions are not recognized measures under IFRS, do not have standardized meanings prescribed by IFRS, and should not be construed to be alternatives to revenues and net earnings determined in accordance with IFRS or as an indicator of performance, liquidity, or cash flows. The Company's method of calculating these measures may differ from the methods used by other entities and accordingly, these measures may not be comparable to similarly titled measures used by other entities or in other jurisdictions. EBITDA as defined by the Company means Earnings Before Interest and financing costs (net of interest income), Income Taxes, Depreciation, and Amortization. EBITDA is derived from the statements of comprehensive income (loss) and can be computed as revenues less salaries and consulting expenses, technology and production expenses, marketing and promotion expenses, general and administrative expenses, any gain (loss) on the remeasurement of fair value and contingent consideration, foreign exchange (gain) loss, and any non-recurring items such as restructuring expenses, government subsidies, and goodwill impairment. Normalized EBITDA, as defined by the Company, means EBITDA adjusted for one-time non-recurring or non-cash items such as share-based compensation expenses, acquisition fees, restructuring fees, foreign-exchange expenses, revaluation of embedded derivative liability, revaluation on contingent consideration, and goodwill impairment. EBITDA Margin and Normalized EBITDA Margin as defined by the Company means EBITDA and Normalized EBITDA, respectively, as a percentage of revenue. Working capital as defined by the Company means current assets less current liabilities. Liquidity as defined by the Company means cash plus the available capacity in the Company's revolving credit facility. The Company believes EBITDA, EBITDA margin, liquidity, and working capital, are useful measures because they provide information to both management and investors with respect to the operating and financial performance of the Company. Cautionary Note Regarding Forward-looking Statements This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes. Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward looking statements. Although YANGAROO has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Yangaroo Announces Q1'2025 Financial Results
Eleventh Consecutive Quarterly Positive Normalized EBITDA Driven by Operational Efficiencies Toronto, Ontario--(Newsfile Corp. - May 30, 2025) - YANGAROO Inc. (TSXV: YOO) (OTC PINK: YOOIF) ("Yangaroo", "Company"), a software leader in media asset workflow and distribution solutions, today announced its financial results for the first quarter ended March 31, 2025. The first quarter financial statements and corresponding management's discussion and analysis (the "First Quarter Filings") are available at and on the Company's profile at Please note that all currency in this press release is denominated in United States dollars, unless otherwise noted. The Company is pleased to report an improvement in both operating income and Normalized EBITDA for the first quarter ended March 31, 2025, demonstrating the Company's strong focus on strategic execution and cost management. These improvements were accompanied by a notable increase in operating income compared to the same period in 2024. Total revenue for the quarter declined by $140,573, or 7% year over year. This decline was in part due to a Millena3 client contract not being renewed, ongoing reduced music video deliveries from the music division, and the Company believes the recent geopolitical tensions and trade protectionism measures implemented by the U.S. government contributed to a more cautious spending approach by brands and advertisers, impacting performance with the Advertising division. Despite these events and headwinds, the Company's continued emphasis on operational efficiency and disciplined cost control led to positive operating income. For the three months ended March 31, 2025, operating income and Normalized EBITDA increased to $24,526 and $264,251, respectively, from operating income of $17,371 and Normalized EBITDA of $237,581 in Q1'2024. Grant Schuetrumpf, President and CEO of Yangaroo, commented, "We are excited to announce our eleventh consecutive quarter of positive Normalized EBITDA, which we see as a testament to our stable operations and unwavering commitment to exceptional client service. As we move through 2025, our focus will remain on executing our growth strategy, expanding our customer base, and investing in our technology platform. Despite the challenges and recent uncertainties in the advertising and music markets, we believe we are well-positioned to continue to seize both organic and non-organic growth opportunities across all divisions." Q1'2025 Financial Highlights Revenue in Q1'2025 was $1,782,058 compared to $1,922,631 and $2,241,659 in the first quarter of 2024 and the fourth quarter of 2024, respectively. Revenue decreased by $140,573, or 7%, versus Q1'2024. The decrease in revenue was primarily driven by lower Advertising and Music revenue, with a decrease of $130,020, or 9%, and $51,929, or 19%, respectively, slightly offset by higher Awards revenue year over year with an increase of $41,376, or 34%. Revenue decreased by $459,601, or 21%, versus Q4'2024. The decrease in revenue was primarily attributed to lower Advertising revenue of $333,141, or 19%, as well as decreased Awards revenue of $151,469, or 48%, offset by higher Music revenue with an increase of $25,009, or 12%. This decrease in revenue can be attributed to the geopolitical situation as well as seasonality with the fourth quarter typically being the highest volume and spend period. Operating expenses in Q1'2025 were $1,757,532 compared to $1,905,260 and $1,950,876 in the first quarter of 2024 and the fourth quarter of 2024, respectively. Operating expenses decreased by $147,728, or 8%, versus Q1'2024. The decrease in operating expenses was primarily attributed to reductions across headcount, marketing, and technology expenses, offset by slightly higher general and administrative expenses. Operating expenses decreased by $193,344, or 10%, versus Q4'2024. The decrease in operating expenses was primarily attributed to the Company's restructuring and cost control initiatives, which resulted in lower salaries, lower technology, and marketing expenses. Normalized EBITDA in Q1'2025 was $264,251 in comparison to Normalized EBITDA of $237,581 in Q1'2024 and Normalized EBITDA of $540,504 in Q4'2024. Normalized EBITDA improved by $26,673, or 11%, compared to Q1'2024. The increase was primarily attributed to improved operating income resulting from Management's operational optimization strategy. Normalized EBITDA decreased by $276,253, or 51%, compared to Q4'2024. The decrease was primarily attributed to seasonality with the fourth quarter typically being the highest volume and spend period. Financial Highlights Q1 2025 Q4 2024 Q3 2024 Q2 2024Cash $ 217,088$ 231,083 105,906 86,118Working Capital (Deficiency)(1,900,378 )(1,841,495 )(1,787,761 )(1,932,157 ) Liquidity686,618 717,583 550,386 378,358 Revenue1,782,058 2,241,659 1,942,525 1,949,689Operating Expenses1,757,532 1,950,876 1,593,542 1,838,985Other Expenses (Income)152,424 (92,192 )179,406 118,863Income Tax Expense (Recovery)909 (97,327 )- 120,872After-Tax Income (Loss) for the Period(128,807 )480,302 169,577 (129,031 ) Income (Loss) per Share - Basic $ (0.00 ) $ 0.01$ 0.00$ (0.00 ) Income (Loss) per Share - Diluted $ (0.00 ) $ 0.01$ 0.00$ (0.00 ) EBITDA158,596 651,570 374,900 307,730EBITDA Margin %8.90% 29.07% 19.30% 15.78%Normalized EBITDA *264,251 540,504 466,458 337,818Normalized EBITDA Margin % *14.83% 24.11% 24.01% 17.33% Q1 2024 Q4 2023 Q3 2023 Q2 2023Cash $ 207,998$ 150,928$ 254,720$ 284,178Working Capital (Deficiency)(1,810,041 )(1,758,949 )(115,884 )(94,749 ) Liquidity521,092 623,506 975,794 552,960 Revenue1,922,631 2,128,768 1,708,931 2,172,530Operating Expenses1,905,260 2,172,342 1,708,684 1,890,089Other Expenses (Income)(144 )3,756,134 20,217 230,473Income Tax Expense (Recovery)1,950 (134 )(11,907 )15,750After-Tax Income (Loss) for the Period15,565 (3,799,574 )(8,063 )36,218Income (Loss) per Share - Basic $ 0.00 ($0.06 )($0.00 ) $ 0.00Income (Loss) per Share - Diluted $ 0.00 ($0.06 )($0.00 ) $ 0.00EBITDA356,704 (3,407,954 )322,585 384,490EBITDA Margin %18.55% (160%) 18.88% 17.70%Normalized EBITDA*237,581 211,061 266,269 541,952Normalized EBITDA Margin % *12.36% 9.91% 15.58% 24.95% * A non-IFRS measure. See "Non-IFRS financial measures" for definitions and reconciliation of non-IFRS measures to the relevant IFRS measures OTC Markets Listing The Company received a notice from OTC Markets Group indicating that the OTC Pink Market will be discontinued as of July 1, 2025. YANGAROO's shares currently trade on the OTC Pink Market under the symbol YOOIF. The Company does not intend to take the necessary steps to upgrade the Company's shares to the OTCID Basic Market at this time however may elect to do so at a future time. This may affect the liquidity of the Company's shares on the OTC Markets. Shares for Services The TSX Venture Exchange (the "Exchange") has conditionally approved a previously disclosed shares for services arrangement (the "Shares for Services Arrangement") entered into between the Company and Grant Schuetrumpf, whereby the Company had agreed to pay to Mr. Schuetrumpf the lesser of USD $2,500 per month and CAD $5,000 per month (less applicable withholding taxes) (the "Monthly Share Compensation Value") in addition to Mr. Schuetrumpf's existing salary, by way of share issuance. For the months of January through April 2025, the Company will issue 200,350 common shares of the Company (the "Shares"), at a price per share of $0.0375 with respect to 62,469 Shares for the month of January and $0.05 per share with respect to the remaining Shares for the months of February through April. The Shares will be subject to hold period of 4 months imposed by the policies of the Exchange, expiring July 11, 2025. No new insiders will be created, nor will any change of control occur, as a result of the issuance of the Shares. Additional issuances under the Shares for Services Arrangement will be disclosed in future news releases. As Mr. Schuetrumpf is an officer and director of the Company, the issuance of the Shares under the Shares for Services Arrangement is considered a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders In Special Transactions ("MI 61-101") and the TSXV. The Company is relying on the exemptions from the formal valuation and the minority shareholder approval requirements of MI-61-101 contained in section 5.5 (a) and Section 5.7 (1)(a) as the fair market value of the common shares being issued to insiders in connection with the Shares for Services Arrangement does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. About YANGAROO Yangaroo is a technology provider in the media and entertainment industry, offering a cloud-based software platform for the management and distribution of digital media content. Yangaroo's Digital Media Distribution System ("DMDS") platform is a patented cloud-based platform that provides customers with a centralized and fully integrated workflow directly connecting radio and television broadcasters, digital display networks, and video publishers for centralized digital asset management, delivery, and promotion. DMDS is used across the advertising, music, and entertainment awards show markets. The address of the Company's corporate office and principal place of business is 360 Dufferin Street, Suite 203, Toronto, Ontario, M6K 1Z8. # # # For YANGAROO Investor Inquiries:Grant SchuetrumpfPh: (416) 534 0607investors@ Neither the TSX Venture Exchange nor Its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this release. Use of Non-IFRS Financial Measures The following non-IFRS definitions are used in the press release because management believes that they provide useful information regarding the Company's ongoing operations. Readers are cautioned that the definitions are not recognized measures under IFRS, do not have standardized meanings prescribed by IFRS, and should not be construed to be alternatives to revenues and net earnings determined in accordance with IFRS or as an indicator of performance, liquidity, or cash flows. The Company's method of calculating these measures may differ from the methods used by other entities and accordingly, these measures may not be comparable to similarly titled measures used by other entities or in other jurisdictions. EBITDA as defined by the Company means Earnings Before Interest and financing costs (net of interest income), Income Taxes, Depreciation, and Amortization. EBITDA is derived from the statements of comprehensive income (loss) and can be computed as revenues less salaries and consulting expenses, technology and production expenses, marketing and promotion expenses, general and administrative expenses, any gain (loss) on the remeasurement of fair value and contingent consideration, foreign exchange (gain) loss, and any non-recurring items such as restructuring expenses, government subsidies, and goodwill impairment. Normalized EBITDA, as defined by the Company, means EBITDA adjusted for one-time non-recurring or non-cash items such as share-based compensation expenses, acquisition fees, restructuring fees, foreign-exchange expenses, revaluation of embedded derivative liability, revaluation on contingent consideration, and goodwill impairment. EBITDA Margin and Normalized EBITDA Margin as defined by the Company means EBITDA and Normalized EBITDA, respectively, as a percentage of revenue. Working capital as defined by the Company means current assets less current liabilities. Liquidity as defined by the Company means cash plus the available capacity in the Company's revolving credit facility. The Company believes EBITDA, EBITDA margin, liquidity, and working capital, are useful measures because they provide information to both management and investors with respect to the operating and financial performance of the Company. Cautionary Note Regarding Forward-looking Statements This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes. Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward looking statements. Although YANGAROO has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
a day ago
- Business
- Miami Herald
ZTEST Electronics Inc. Announces Fiscal Q3 2025 Results
NORTH YORK, ON / ACCESS Newswire / May 30, 2025 / ZTEST Electronics Inc. ("ZTEST" or the "Company") (CSE:ZTE)(OTC PINK:ZTSTF) announces Q3 2025 revenues of $2,105,297, a slight increase over the immediate proceeding quarter, but a decline from the record $2,625,282 reported for Q3 2024. Revenues for the nine months ended March 2025 were $6,205,665 as compared to $6,964,685 in the prior year. While managing through headwinds mentioned in previous quarterly commentary, the Company takes some solace in the fact that revenues for the nine-month period remain almost 59% ahead of March 2023, that gross margin percentages have been maintained, that liquidity has been further enhanced, and that cash flows from operations remain strong. The Company's management and Board of Directors is continually evaluating capital allocation strategies including M&A opportunities. While no such strategic transaction is imminent, management also recognized that an opportunity exists to take advantage of what it perceives to be an under-valuation of its own securities. An NCIB commenced on April 1, 2025, and to date the Company has repurchased 296,500 common shares. Steve Smith, CEO commented, "Our ability to adapt to the shifting environment is reflected in our consistent operating margin and compelling cash generation. There are subtle indications that demand may soon start to increase, however we remain diligent, due to the uncertainties spawned by new and possible international tariffs. Ultimately, we continue to be centered on operational execution and driving shareholder value." About ZTEST Electronics Electronics Inc., through its wholly owned subsidiary Permatech Electronics Corporation ("Permatech"), offers Electronic Manufacturing Services (EMS) to a wide range of customers. Permatech's offering includes Printed Circuit Board (PCB) Assembly, Materials Management and Testing services. Permatech operates from an ISO 9001:2015 certified facility in North York, Ontario, Canada. Permatech is a contract assembler of complex circuit boards, serving customers in the Medical, Power, Computer, Telecommunications, Wireless, Industrial, Trucking, Wearables and Consumer Electronics markets. It specializes in servicing customers who are looking for high yield and require high quality and rapid-turnaround on low and mid-volume production of high complexity products. For more information contact: Steve Smith, CEO (604) 837-3751 email: steves@ Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at SOURCE: ZTEST Electronics Inc.
Associated Press
a day ago
- Business
- Associated Press
Orion Announces Oklahoma SCOOP Stack Royalty Growth
CARSON CITY, NV / ACCESS Newswire / May 30, 2025 / Orion Diversified Holding Co Inc. (OTC PINK:OODH)('Orion'), a revenue generating diversified company, announced today that it has closed on a royalty acquisition in the Scoop Stack of Carter County Oklahoma . OKLAHOMA SCOOP STACK TOM LULL COMMENTS 'We have increased our royalty from 0.3125% to 0.625% on our Grady County Oklahoma acreage. Continental Resources has already drilled the 2 ½ mile Bess Fiu well on this acreage and we had the option to increase our royalty. We anticipate revenue from the 2 ½ mile horizontal well recently drilled in Grady County Oklahoma will pay in late June 2025. We also anticipate that Continental will drill several more wells on this 3,840 acre pooled unit in Grady County Oklahoma. Orion has more than 1,160 royalty acres in the Scoop Stack area surrounding Oklahoma City.' Commented Tom Lull, CEO of Orion. Orion has received recent title recordings on 5 wells from the 116 well Colorado acquisition that closed this December 2024. Orion has over-ride royalties in 70 of the 116 Colorado wells currently producing 1571 mcfpd and 5 bopd. Orion now owns 53,320 mineral acres in the Bakken, Permian Basin, Piceance Basin, Arkoma Basin, Eagle Ford, and Scoop Stack of Oklahoma. ' ABOUT ORION DIVERSIFIED HOLDING CO INC. Orion Diversified Holding Co Inc. is a holding company with a primary strategy of investing in operated majority working interest, non-operated working interest, royalty, and mineral interests in producing oil & gas properties, with a core area of focus in the premier basins within the United States. Orion receives monthly income from 53,320 mineral acres and receives income from Chevron, Conoco Phillips, Apache, Occidental Petroleum, EOG Resources, Mewbourne Oil, Merit Energy, Hilcorp Oil, Kraken Oil, DCP, Raybaw Operating, and many others. More information about Orion Diversified Holding Co Inc. can be found at CONTACT: Orion Diversified Holding Co Inc. Thomas Lull, President Phone: 760-889-3435SAFE HARBOR STATEMENTThis press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking Orion Diversified Holding Co Inc. press release
Associated Press
a day ago
- Business
- Associated Press
Paragon Technologies Board Nominates Ronell Rivera and Elodie Leoni Without Their Consent
NEW YORK, NY / ACCESS Newswire / May 30, 2025 / Today, Ronell Rivera and Elodie Leoni issued a joint statement in response to their unauthorized inclusion on the management slate proposed by the current Board of Paragon Technologies, Inc. (OTC PINK:PGNT) ('Paragon' or the 'Company'). Despite having previously and explicitly declined to be nominated by the Board's Nominating Committee, both individuals were named as part of the company's formal proxy materials released this week. 'I clearly and respectfully informed Mr. Tim Eriksen that I did not wish to be included on the management slate,' said Mr. Rivera. 'To be listed against my will - after making my position unmistakably clear - creates a false impression to shareholders during a highly sensitive process. I remain fully committed to the Gad shareholder-aligned slate and to transparent, ethical governance.' Ms. Leoni added: 'I made it unequivocally clear to Mr. Eriksen that I did not consent to being nominated on his slate. Including my name without permission is a disservice to shareholders. I remain fully committed to the Gad shareholder-aligned slate and to transparent, ethical governance.' Despite their clear instructions, Mr. Rivera and Ms. Leoni's names were included without their consent - an act that misleads shareholders and a potential violation of Delaware law. CONTACT: [email protected] SOURCE: Sham Gad press release
