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Earnings

CORRECTION FROM SOURCE: ZTEST Electronics Inc. Announces Fiscal 2025 Year End and AGM Results

By The Northwire Desk — AI Analysis Oct 27, 2025 · 09:20 ZTE · 0.28 ZTEST Electronics Inc.
ZTE · Price

Executive Summary

  • ZTEST Electronics Inc. issued a correction to a previous press release regarding the comparative periods for its fiscal 2025 financial results, clarifying that the data pertains to the three months and fiscal year ended June 30, 2025, and June 30, 2024.
  • The company reported fiscal 2025 revenues of $8,319,302, a decline from the $9,756,044 reported in fiscal 2024, driven by a cyclical decline in the EMS market and tariff-related market malaise.
  • Despite the revenue decline, the company noted modest revenue growth in each of the final three quarters of fiscal 2025 and reported positive signs of returning market confidence in the latter part of the third quarter.

Key Details

  • Fiscal Year Financials (Ended June 30, 2025 vs. June 30, 2024):
    • Revenue: $8,319,302 (2025) vs. $9,756,044 (2024)
    • Gross Margin: $3,457,000 (2025) vs. $3,918,000 (2024)
    • Gross Margin %: 41.6% (2025) vs. 40.2% (2024)
    • Net Income: $1,089,000 (2025) vs. $1,753,000 (2024)
    • Net Income per Share (Basic): $0.030 (2025) vs. $0.058 (2024)
    • EBITDA: $1,837,000 (2025) vs. $2,599,000 (2024)
    • Operating Cash Flow: $1,657,000 (2025) vs. $2,280,000 (2024)
  • Quarterly Financials (Three Months Ended June 30, 2025 vs. June 30, 2024):
    • Revenue: $2,113,637 (Q4 2025) vs. $2,791,359 (Q4 2024)
    • Gross Margin: $872,000 (2025) vs. $1,171,000 (2024)
    • Gross Margin %: 41.3% (2025) vs. 41.9% (2024)
    • Net Income: $300,000 (2025) vs. $546,000 (2024)
    • Net Income per Share (Basic): $0.008 (2025) vs. $0.016 (2024)
    • EBITDA: $494,000 (2025) vs. $870,000 (2024)
    • Operating Cash Flow: $415,000 (2025) vs. $809,000 (2024)
  • Financial Position (As at June 30, 2025 vs. June 30, 2024):
    • Cash: $4,105,000 (2025) vs. $2,776,000 (2024)
    • Working Capital: $5,008,000 (2025) vs. $3,593,000 (2024)
    • Long-term Debt: $56,000 (2025) vs. $121,000 (2024)
    • Shareholders' Equity: $5,807,000 (2025) vs. $4,497,000 (2024)
  • Corporate Governance:
    • Steve Smith, Dean Tyliakos, David Barnett, and William R. Johnstone were re-elected to the Board of Directors.
    • Kreston GTA LLP was re-appointed as auditors for the ensuing year.
    • These actions occurred at the annual meeting of shareholders held on October 24, 2025.

Notable Quotes

  • "The EMS market entered a cyclical decline in the second half of fiscal 2024 and the imposition and threat of tariffs added to the market malaise. As a contract assembler our business levels tend to trail general market swings leading to a strong finish to fiscal 2024 followed by generally smaller orders in fiscal 2025. We realized modest revenue growth in each of the final three quarters of 2025 and are very encouraged by the positive signs that began in the latter part of the third quarter of 2025, both domestic and export, suggesting that market confidence is returning. We believe that our extensive efforts to nurture existing customer relationships, and foster new customer relationships, is starting to pay off." — Steve Smith, CEO
Read the original news release →

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