Inventronics Limited Due Diligence Report. All information can be found at www.sedar.com
Symbol: IVX.V
Price: $0.16
Common Shares: 4,405,145
Insider Holdings: 70% or 3,083,602 - Held under numbered corporation
Available Retail Float: 1,321,543
Warrants/Options: 333,000 at $0.12
Most Recent Financials Results. Filed November 26th 2020, Quarter Ending
Year
Revenue
Profit/(-Loss)
Assets
Liabilities
Earnings Per Share
1 2016
$3,830,000
-$283,000
$3,268,000
$2,939,000
-0.064
2 2017
$4,480,000
$81,000
$2,338,000
$2,818,000
0.018
3 2018
$4,616,000
$16,000
$3,637,000
$3,211,000
0.004
4 2019
$5,656,000
$195,000
$3,292,000
$2,671,000
0.044
5 2020(Q1-Q3)
$4,685,000
$699,000
$3,967,000
$2,645,000
0.159
Company website: https://www.inventronics.com/
Company information: Founded in 1970 in Brandon, Manitoba, Canada, Inventronics designs, manufactures and markets protective enclosures for use in utility-type infrastructures. The Corporation’s products are typically found in telecommunication networks, cable television networks, electric power distribution networks and oil and gas installations where they are utilized in both outdoor and indoor applications to house and protect passive and/or active electrical and electronic components. Although the Corporation’s products have been primarily placed in service throughout North America, it is common to find Inventronics enclosures in other international infrastructures as well. The majority of Inventronics' revenues are generated from the sale of standard products which are sold directly to utilities, original equipment manufacturers and/or through distributors. For customers with special requirements, the Corporation designs and manufactures products to suit the customer's particular needs. This can range from the modification of an existing Inventronics cabinet to the design and manufacture of a custom enclosure.
Most recent news:
Inventronics earns $284,000 in Q3
2020-11-26 14:08 MT - News Release
Mr. Dan Stearne reports
INVENTRONICS ANNOUNCES 2020 Q3FINANCIAL RESULTS
Inventronics Ltd. has released itsunaudited third quarter 2020 financial results.
For the three months ended Sept. 30,2020, Inventronics reported net earnings of $284,000, or 6.5 cents per share,on revenue of $2.05-million compared with net earnings of $192,000, or 4.4cents per share, on revenue of $1,898,000 for the three months ended Sept. 30,2019. For the nine months ended Sept. 30, 2020, Inventronics reported netearnings of $699,000, or 15.9 cents per share, on revenue of $4,685,000compared with net earnings of $346,000, or 7.9 cents per share, on revenue of$4,708,000 for the nine months ended Sept. 30, 2019. The improvement in netearnings for both the three- and nine-month periods of 2020 was positivelyimpacted by the government support received through the Canada emergency wagesubsidy program, which amounted to $73,000 and $363,000, respectively.
SELECTED FINANCIAL INFORMATION
(in thousands of dollars, except per-share amounts)
Income highlightsThree months ended Nine months ended
Sept. 30,Sept. 30,Sept. 30,Sept. 30,
2020201920202019
Revenue$2,050$1,898$4,685$4,708
EBITDA344261887538
Net earnings284 192699346
Basic earnings per share (incents)6.54.4 15.97.9
Further information about the financialresults of the corporation can be found in the corporation's unaudited interimfinancial statements for the quarter ended Sept. 30, 2020, and accompanyingmanagement's discussion and analysis, which have been filed on SEDAR.
About Inventronics Ltd.
Inventronics designs and manufacturescustom enclosures and other products for an array of customers in thetelecommunications, electric utility, cable television, oil and gas,electronics, and computer service industries in North America. The corporationowns its ISO 9001-registered production facility in Brandon, Man.
Shares of Inventronics trade on the TSXVenture Exchange under the symbol IVX.
