Latest news with #Permatech
Miami Herald
3 days 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
27-03-2025
- Business
- Associated Press
ZTEST Electronics Inc. Announces Its Intention To Effect A Normal Course Issuer Bid
NORTH YORK, ON / ACCESS Newswire / March 27, 2025 / ZTEST Electronics Inc. ('ZTEST' or the 'Company') (CSE:ZTE)(OTC PINK:ZTSTF), is pleased to announce that it intends to effect a normal course issuer bid (the 'NCIB') through the facilities of the Canadian Securities Exchange (the 'CSE'). Pursuant to the NCIB, the Company may purchase up to 2,727,923 common shares, representing approximately 10% of the public float, over a 12-month period beginning on April 1, 2025 and ending on March 31, 2026. All common shares purchased under the NCIB will be purchased on the open market through the facilities of the CSE in accordance with the policies of the CSE and applicable Canadian securities laws. The price which ZTEST will pay for any common shares purchased under the NCIB will be the market price at the time of acquisition. The Company will fund the purchases of common shares under the NCIB with cash on hand. The exact timing and amount of any purchases of common shares made pursuant to the NCIB will depend on market conditions and other factors. The Company is not obligated to acquire any common shares and may suspend or discontinue purchases under the NCIB at any time. Any common shares purchased by the Company under the NCIB will be cancelled upon their purchase. Under the NCIB, the Company may purchase up to such number of common shares equal to 2% of its issued and outstanding common shares over any 30-trading day period. The Company intends to commence the NCIB as it believes that the market price of its common shares does not fully reflect the value of its business and prospects. As such it believes that purchasing its own common shares for cancellation is an appropriate strategy for increasing long-term shareholder value and represents an appropriate use of the Company's financial resources. The Company has appointed Integral Wealth Securities Ltd. as its broker to conduct the NCIB transactions on its behalf. About ZTEST Electronics Inc. ZTEST 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. 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
