Inventronics Announces 2019 Year End Financial Results

CALGARY, Alberta, April 08, 2020 (GLOBE NEWSWIRE) -- Inventronics Limited (“Corporation”) (IVX:TSX Venture), a designer and manufacturer of custom enclosures for the telecommunications, electric transmission, cable television and other industries in North America, today announced its 2019 audited annual and unaudited 2019 Q4 financial results.

For the year ended December 31, 2019, the Corporation reported net income of $195,000, or 4.4 cents per share, on revenue of $5,656,000 compared to a net income of $16,000, or 0.4 cents per share, on revenue of $4,616,000 for the 2018 fiscal year. For the three months ended December 31, 2019, the Corporation reported a net loss of $151,000, or 3.5 cents per share, on revenue of $947,000 compared to a net income of $189,000, or 4.3 cents per share, on revenue of $1,708,000, for the same period in 2018.

Selected Financial Information
Income Highlights	Three months ended			Twelve months ended
(in thousands of dollars, except per share amounts)	Dec 31 2019		Dec 31 2018	Dec 31 2019	Dec 31 2018
Revenue	947		1,708	5,656	4,616
EBITDA	(87	)	249	452	257
Net income (loss)	(151	)	189	195	16
Basic income (loss) per share	(3.5	)¢	4.3¢	4.4¢	0.4¢