ZTEST Electronics Inc. Reports Record Growth in Fiscal 2024

North York-based ZTEST Electronics Inc. has announced substantial growth in their fiscal 2024 financial results. The company reported a 71% increase in revenues, totaling $9,756,044, compared to the previous year. This marks the fourth consecutive year of revenue growth for ZTEST, driven largely by a significant rise in net income from $165,274 in 2023 to $1,753,269 in 2024, reflecting a 961% increase.

In the final quarter of fiscal 2024, ZTEST achieved revenues of $2,791,359, a 55.3% increase from Q4 2023. Net income for the quarter was $545,618, with earnings per share rising to $0.016. The company's gross margins also improved, with annual margins increasing by 125.4% to $3,918,137.

The EBITDA for fiscal 2024 reached $2,599,052, an increase of 418.9% from the previous year. ZTEST attributes this growth to recent investments in state-of-the-art equipment, enhancing their PCB assembly capabilities.