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Earnings

ZTEST Electronics Inc. Announces Fiscal 2025 Year End and AGM Results

By The Northwire Desk — AI Analysis Oct 27, 2025 · 07:30 ZTE · 0.28 ZTEST Electronics Inc.
ZTE · Price

Executive Summary

  • ZTEST Electronics reported fiscal 2025 revenue of $8.32 M, a decline of ~14% versus FY 2024 ($9.76 M).
  • Net income fell to $1.09 M (down 38%) and earnings per share decreased to $0.030 from $0.058 YoY.
  • The board of directors was re‑elected (Steve Smith, Dean Tyliakos, David Barnett, William R. Johnstone) and Kreston GTA LLP was re‑appointed as auditor.

Key Details

  • Fiscal 2025 Revenue: $8,319,302 (down from $9,756,044 in FY 2024).
  • Q4 2025 Revenue: $2,113,637 (vs. $2,791,359 Q4 2024).
  • Gross Margin FY 2025: $3,457,000 (41.6% of revenue) vs. $3,918,000 (40.2%) FY 2024.
  • Net Income FY 2025: $1,089,000 (down from $1,753,000 FY 2024).
  • Net Income per Share (basic): $0.030 vs. $0.058 YoY.
  • EBITDA FY 2025: $1,837,000 (vs. $2,599,000 FY 2024).
  • Operating Cash Flow FY 2025: $1,657,000 (vs. $2,280,000 FY 2024).

Quarter‑ended December 31, 2025 (Q4) * Revenue: $2,114,000 (down from $2,791,000 Q4 2024).
Gross Margin: $872,000 (41.3% of revenue) vs. $1,171,000 (41.9%) Q4 2024.
 Net Income: $300,000 (down from $546,000 Q4 2024).
Net Income per Share: $0.008 vs. $0.016 YoY.
 EBITDA: $494,000 vs. $870,000 Q4 2024.
* Operating Cash Flow: $415,000 vs. $809,000 Q4 2024.

Balance Sheet Highlights (as of June 30, 2025) * Cash: $4,105,000 (up from $2,776,000 June 30 2024).
Working Capital: $5,008,000 (up from $3,593,000).
 Long‑term Debt: $56,000 (down from $121,000).
* Shareholders’ Equity: $5,807,000 (up from $4,497,000).

Board & Auditor Re‑election * Steve Smith, Dean Tyliakos, David Barnett, and William R. Johnstone re‑elected to the Board at the annual meeting on October 24 2025.
* Kreston GTA LLP re‑appointed as auditors for the upcoming year.

Notable Quotes

“The EMS market entered a cyclical decline in the second half of fiscal 2024… 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.” – Steve Smith, CEO

Materiality Assessment: Material – Negative (significant revenue and earnings decline year‑over‑year).

Read the original news release →

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