OMNI-LITE INDUSTRIES REPORTS THIRD QUARTER AND YEAR-TO-DATE FISCAL 2024 RESULTS
Portfolio Pulse from
Omni-Lite Industries reported a 14% increase in Q3 2024 revenue to $3.8 million and a 36% increase in year-to-date revenue to $12.4 million. The company has a strong balance sheet with $2.6 million in cash and no debt. A conference call for investors is scheduled for November 7, 2024.
November 06, 2024 | 12:15 pm
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Omni-Lite Industries reported a 14% increase in Q3 2024 revenue and a 36% increase in year-to-date revenue. The company maintains a strong balance sheet with $2.6 million in cash and no debt.
The significant increase in revenue and strong financial position with no debt are positive indicators for Omni-Lite Industries, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100