Income Statement ZTEST Electronics Inc.

Stocks

ZTSTF

CA9899303007

Semiconductors

Market Closed - OTC Markets 12:11:06 2026-09-28 EDT			5-day change	1st Jan Change
0.3200 ^USD	-5.88%		-5.88%	+28.05%

07-31	Ztest Electronics Inc. Announces the Appointment of Dave Barnett as President, Effective August 24, 2026	CI
07-31	Ztest Electronics Inc. Announces the Appointment of Dave Barnett as Chief Executive Officer, Effective August 24, 2026	CI

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Published financial data: ZTEST ELECTRONICS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	4.01M	4.42M	5.7M	9.76M	8.32M
Total Revenues	4.01M	4.42M	5.7M	9.76M	8.32M
Cost of Goods Sold, Total	2.78M	3.29M	3.96M	5.84M	4.86M
Gross Profit	1.23M	1.13M	1.74M	3.92M	3.46M
Selling General & Admin Expenses, Total	1.17M	1.35M	1.45M	1.68M	1.89M
Stock-Based Compensation (IS)	-	-	58.98K	85.95K	209K
Depreciation & Amortization - (IS)	5.05K	5.5K	4.56K	7.94K	10.61K
Other Operating Expenses, Total	1.18M	1.35M	1.51M	1.77M	2.11M
Operating Income	52.06K	-223K	225K	2.15M	1.34M
Interest Expense, Total	-11.34K	-38.39K	-31.8K	-21.44K	-10.7K
Interest And Investment Income	-	-	-	20.15K	129K
Net Interest Expenses	-11.34K	-38.39K	-31.8K	-1.3K	118K
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	5.04K	-5.06K	8.25K	-6.84K	2.94K
Other Non Operating Income (Expenses)	-	-	-	20K	-
EBT, Excl. Unusual Items	45.76K	-267K	201K	2.16M	1.46M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Insurance Settlements	-	-	-	100K	-
EBT, Incl. Unusual Items	45.76K	-267K	201K	2.26M	1.46M
Income Tax Expense	-	-	36.04K	506K	374K
Earnings From Continuing Operations	45.76K	-267K	165K	1.75M	1.09M
Net Income to Company	45.76K	-267K	165K	1.75M	1.09M
Net Income - (IS)	45.76K	-267K	165K	1.75M	1.09M
Net Income to Common Incl Extra Items	45.76K	-267K	165K	1.75M	1.09M
Net Income to Common Excl. Extra Items	45.76K	-267K	165K	1.75M	1.09M
Per Share Items
Net EPS - Basic	0	-0.01	0.01	0.06	0.03
Basic EPS - Continuing Operations	0	-0.01	0.01	0.06	0.03
Basic Weighted Average Shares Outstanding	24.23M	25.78M	26.69M	30.16M	36.88M
Net EPS - Diluted	0	-0.01	0.01	0.06	0.03
Diluted EPS - Continuing Operations	0	-0.01	0.01	0.06	0.03
Diluted Weighted Average Shares Outstanding	25.91M	25.78M	26.7M	30.55M	37.22M
Normalized Basic EPS	0	-0.01	0	0.04	0.02
Normalized Diluted EPS	0	-0.01	0	0.04	0.02
Supplemental Items
EBITDA	95.39K	-140K	327K	2.3M	1.54M
EBITA	52.06K	-223K	225K	2.15M	1.34M
EBIT	52.06K	-223K	225K	2.15M	1.34M
EBITDAR	343K	170K	661K	2.63M	1.88M
Effective Tax Rate - (Ratio)	-	-	17.9	22.4	25.59
Current Domestic Taxes	-	-	-	377K	385K
Total Current Taxes	-	-	-	377K	385K
Deferred Domestic Taxes	-	-	36.04K	129K	-10.92K
Total Deferred Taxes	-	-	36.04K	129K	-10.92K
Normalized Net Income	28.6K	-167K	126K	1.35M	914K
Interest on Long-Term Debt	10.74K	33.33K	26.09K	18.58K	10.38K
Supplemental Operating Expense Items
Net Rental Expense, Total	248K	309K	334K	334K	339K
Imputed Operating Lease Interest Expense	35.27K	90.27K	95.01K	89.88K	91.99K
Imputed Operating Lease Depreciation	213K	219K	239K	244K	247K
Maintenance & Repair Expenses, Total	11.33K	3.86K	17.78K	16.46K	34.58K
Stock-Based Comp., Other (Total)	-	-	58.98K	85.95K	209K
Total Stock-Based Compensation	-	-	58.98K	85.95K	209K

Fiscal Period: June	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	557K	268K	233K	2.78M	4.1M
Total Cash And Short Term Investments	557K	268K	233K	2.78M	4.1M
Accounts Receivable, Total	655K	783K	958K	1.69M	1.03M
Total Receivables	655K	783K	958K	1.69M	1.03M
Inventory	488K	857K	1.83M	1.26M	1.05M
Prepaid Expenses	17.42K	12.54K	27.61K	17.33K	63.73K
Total Current Assets	1.72M	1.92M	3.05M	5.74M	6.24M
Gross Property Plant And Equipment	4.17M	3.7M	3.54M	4.06M	3.95M
Accumulated Depreciation	-2.77M	-2.54M	-2.64M	-2.8M	-2.99M
Net Property Plant And Equipment	1.4M	1.16M	894K	1.26M	953K
Long-term Investments	1	1	1	1	1
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	3.12M	3.08M	3.94M	7.01M	7.2M
Liabilities
Accounts Payable, Total	442K	575K	905K	840K	691K
Accrued Expenses, Total	517K	675K	845K	614K	309K
Short-term Borrowings	-	-	110K	-	-
Current Portion of Long-Term Debt	58.93K	60.93K	77.45K	65.19K	56.09K
Current Portion of Leases	149K	159K	169K	178K	138K
Other Current Liabilities	1	-	210K	455K	41.9K
Total Current Liabilities	1.17M	1.47M	2.32M	2.15M	1.24M
Long-Term Debt	305K	244K	167K	56.09K	-
Long-Term Leases	644K	485K	316K	138K	-
Deferred Tax Liability Non Current	-	-	36.04K	165K	155K
Total Liabilities	2.12M	2.2M	2.83M	2.51M	1.39M
Common Stock, Total	23.86M	24.06M	24.06M	25.19M	25.08M
Additional Paid In Capital	1.65M	1.65M	1.7M	1.77M	1.96M
Retained Earnings	-24.56M	-24.83M	-24.66M	-22.91M	-21.66M
Comprehensive Income and Other	53.05K	-	-	444K	421K
Total Common Equity	1M	883K	1.11M	4.5M	5.81M
Total Equity	1M	883K	1.11M	4.5M	5.81M
Total Liabilities And Equity	3.12M	3.08M	3.94M	7.01M	7.2M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.23M	26.69M	26.69M	36.8M	36.77M
ECS Total Common Shares Outstanding	24.23M	26.69M	26.69M	36.55M	36.8M
Book Value / Share	0.04	0.03	0.04	0.12	0.16
Tangible Book Value	1M	883K	1.11M	4.5M	5.81M
Tangible Book Value Per Share	0.04	0.03	0.04	0.12	0.16
Total Debt	1.16M	949K	839K	437K	194K
Net Debt	600K	681K	606K	-2.34M	-3.91M
Debt Equivalent Oper. Leases	1.98M	2.48M	2.67M	2.67M	2.71M
Equity Method Investments, Total	1	1	1	1	1
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	437K	827K	1.81M	1.21M	989K
Inventories - Work In Process, Total	31.86K	41.26K	36.81K	60.92K	47.79K
Inventories - Finished Goods, Total	23.56K	4.96K	19.32K	21.01K	21.58K
Machinery, Total	3.27M	2.96M	2.96M	3.65M	3.7M

Fiscal Period: June	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	45.76K	-267K	165K	1.75M	1.09M
Depreciation & Amortization - CF	162K	249K	268K	318K	363K
Depreciation & Amortization, Total	162K	249K	268K	318K	363K
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	58.98K	85.95K	209K
Other Operating Activities, Total	8.3K	24.07K	54.9K	123K	-3.5K
Change In Accounts Receivable	-143K	-128K	-174K	-733K	663K
Change In Inventories	245K	-369K	-973K	569K	213K
Change In Accounts Payable	61.27K	290K	500K	61.33K	-453K
Change in Other Net Operating Assets	-23.63K	4.88K	195K	256K	-459K
Cash from Operations	356K	-195K	93.85K	2.43M	1.62M
Capital Expenditure	-413K	-7.67K	-	-687K	-52.79K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-413K	-7.67K	-	-687K	-52.79K
Short Term Debt Issued, Total	-	-	110K	-	-
Long-Term Debt Issued, Total	334K	-	-	-	-
Total Debt Issued	334K	-	110K	-	-
Short Term Debt Repaid, Total	-	-	-	-110K	-
Long-Term Debt Repaid, Total	-133K	-232K	-239K	-285K	-251K
Total Debt Repaid	-133K	-232K	-239K	-395K	-251K
Issuance of Common Stock	194K	146K	-	1.19M	90K
Repurchase of Common Stock	-	-	-	-	-78.07K
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	394K	-86.49K	-129K	797K	-239K
Net Change in Cash	337K	-289K	-34.76K	2.54M	1.33M
Supplemental Items
Cash Interest Paid	2.36K	14.43K	13.08K	8.15K	3.43K
Cash Income Tax Paid (Refund)	-	-	-	-	727K
Levered Free Cash Flow	-86.32K	-124K	-5.66K	841K	1.31M
Unlevered Free Cash Flow	-79.24K	-99.71K	14.22K	854K	1.32M
Change In Net Working Capital	-140K	202K	453K	205K	36.78K
Net Debt Issued / Repaid	200K	-232K	-129K	-395K	-251K

Fiscal Period: June	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	1.32	-4.5	4	24.52	11.81
Return on Total Capital	2.14	-6.99	7.44	39.02	15.35
Return On Equity %	5.17	-28.28	16.61	62.57	21.13
Return on Common Equity	5.17	-28.28	16.61	62.57	21.13
Margin Analysis
Gross Profit Margin %	30.72	25.56	30.49	40.16	41.55
SG&A Margin	29.29	30.5	25.44	17.19	22.77
EBITDA Margin %	2.38	-3.17	5.73	23.57	18.51
EBITA Margin %	1.3	-5.06	3.94	22.01	16.14
EBIT Margin %	1.3	-5.06	3.94	22.01	16.14
Income From Continuing Operations Margin %	1.14	-6.04	2.9	17.97	13.09
Net Income Margin %	1.14	-6.04	2.9	17.97	13.09
Net Avail. For Common Margin %	1.14	-6.04	2.9	17.97	13.09
Normalized Net Income Margin	0.71	-3.78	2.21	13.83	10.99
Levered Free Cash Flow Margin	-2.15	-2.8	-0.1	8.62	15.81
Unlevered Free Cash Flow Margin	-1.98	-2.26	0.25	8.76	15.89
Asset Turnover
Asset Turnover	1.63	1.42	1.62	1.78	1.17
Fixed Assets Turnover	4.65	3.44	5.55	9.05	7.51
Receivables Turnover (Average Receivables)	6.87	6.14	6.55	7.37	6.12
Inventory Turnover (Average Inventory)	4.55	4.89	2.95	3.78	4.21
Short Term Liquidity
Current Ratio	1.47	1.31	1.32	2.67	5.05
Quick Ratio	1.04	0.71	0.51	2.08	4.15
Operating Cash Flow to Current Liabilities	0.3	-0.13	0.04	1.13	1.31
Days Sales Outstanding (Average Receivables)	53.11	59.43	55.71	49.67	59.63
Days Outstanding Inventory (Average Inventory)	80.23	74.7	123.72	96.9	86.68
Average Days Payable Outstanding	70.69	50.8	54.71	60.58	60.1
Cash Conversion Cycle (Average Days)	62.65	83.34	124.73	85.98	86.21
Long Term Solvency
Total Debt/Equity	115.17	107.43	75.77	9.72	3.34
Total Debt / Total Capital	53.53	51.79	43.11	8.86	3.23
LT Debt/Equity	94.46	82.55	43.59	4.31	-
Long-Term Debt / Total Capital	43.9	39.8	24.8	3.93	-
Total Liabilities / Total Assets	67.81	71.34	71.91	35.83	19.32
EBIT / Interest Expense	4.59	-5.82	7.07	100.16	125.42
EBITDA / Interest Expense	18.86	0.68	15.49	114.99	159.33
(EBITDA - Capex) / Interest Expense	-17.57	0.48	15.49	82.93	154.4
Total Debt / EBITDA	5.41	36.59	1.7	0.18	0.11
Net Debt / EBITDA	2.8	26.27	1.23	-0.95	-2.29
Total Debt / (EBITDA - Capex)	-5.8	51.97	1.7	0.25	0.12
Net Debt / (EBITDA - Capex)	-3.01	37.31	1.23	-1.32	-2.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.1	10.12	29.15	71.09	-14.73
Gross Profit, 1 Yr. Growth %	0.22	-8.36	54.07	125.34	-11.77
EBITDA, 1 Yr. Growth %	605.72	-246.6	-332.06	603.68	-33.06
EBITA, 1 Yr. Growth %	-234.59	-529.16	-200.65	855.06	-37.5
EBIT, 1 Yr. Growth %	-234.59	-529.16	-200.65	855.06	-37.5
Earnings From Cont. Operations, 1 Yr. Growth %	-105.59	-683.19	-161.93	960.83	-37.9
Net Income, 1 Yr. Growth %	-105.59	-683.19	-161.93	960.83	-37.9
Normalized Net Income, 1 Yr. Growth %	-105.59	-683.19	-175.43	972.69	-32.25
Diluted EPS Before Extra, 1 Yr. Growth %	-104.42	-686.18	-159.82	838.58	-49.21
Accounts Receivable, 1 Yr. Growth %	27.87	19.61	22.26	76.54	-39.2
Inventory, 1 Yr. Growth %	-33.38	75.5	113.52	-31.08	-16.87
Net Property, Plant and Equip., 1 Yr. Growth %	334.42	-17.22	-23.05	41.31	-24.56
Total Assets, 1 Yr. Growth %	72.68	-1.24	27.9	77.78	2.71
Tangible Book Value, 1 Yr. Growth %	31.35	-12.07	25.39	306.06	29.13
Common Equity, 1 Yr. Growth %	31.35	-12.07	25.39	306.06	29.13
Cash From Operations, 1 Yr. Growth %	30.21	-154.91	-148.08	2.49K	-33.38
Capital Expenditures, 1 Yr. Growth %	9.88K	-98.14	-	-	-92.32
Levered Free Cash Flow, 1 Yr. Growth %	-154.9	43.31	-95.46	-14.96K	56.38
Unlevered Free Cash Flow, 1 Yr. Growth %	-147.96	25.84	-114.12	5.91K	54.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.53	6.55	19.26	48.65	20.79
Gross Profit, 2 Yr. CAGR %	0.62	-4.17	18.82	86.33	41
EBITDA, 2 Yr. CAGR %	-26.08	221.65	85.1	304.1	117.03
EBITA, 2 Yr. CAGR %	-53.28	140.34	107.83	210.04	144.32
EBIT, 2 Yr. CAGR %	-53.28	140.34	107.83	210.04	144.32
Earnings From Cont. Operations, 2 Yr. CAGR %	-63.54	-42.91	90.04	156.31	156.66
Net Income, 2 Yr. CAGR %	-63.54	-42.91	90.04	156.31	156.66
Normalized Net Income, 2 Yr. CAGR %	-63.54	-42.91	109.74	184.46	169.59
Diluted EPS Before Extra, 2 Yr. CAGR %	-70.28	-49.13	87.26	136.96	118.34
Accounts Receivable, 2 Yr. CAGR %	5.2	23.67	20.93	46.91	3.6
Inventory, 2 Yr. CAGR %	-12.44	8.13	93.58	21.31	-24.31
Net Property, Plant and Equip., 2 Yr. CAGR %	132.77	89.63	-20.19	4.28	3.25
Total Assets, 2 Yr. CAGR %	15.62	30.59	12.39	50.79	35.13
Tangible Book Value, 2 Yr. CAGR %	-12.9	7.47	5	125.65	128.99
Common Equity, 2 Yr. CAGR %	-12.9	7.47	5	125.65	128.99
Cash From Operations, 2 Yr. CAGR %	79.3	-15.44	-48.62	253.02	315.57
Capital Expenditures, 2 Yr. CAGR %	1.36K	36.14	-	846.48	-
Levered Free Cash Flow, 2 Yr. CAGR %	304.88	-11.3	-74.4	159.66	1.42K
Unlevered Free Cash Flow, 2 Yr. CAGR %	152.15	-22.31	-57.64	191.24	864.03
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.84	0.12	13.61	34.5	23.51
Gross Profit, 3 Yr. CAGR %	3.15	-2.47	12.27	47.08	45.23
EBITDA, 3 Yr. CAGR %	-50.21	-7.12	189.17	188.89	121.93
EBITA, 3 Yr. CAGR %	-60.6	-2.16	79.81	245.53	81.79
EBIT, 3 Yr. CAGR %	-60.6	-2.16	79.81	245.53	81.79
Earnings From Cont. Operations, 3 Yr. CAGR %	-62.73	-8.13	-41.34	237.12	59.79
Net Income, 3 Yr. CAGR %	-62.73	-8.13	-41.34	237.12	59.79
Normalized Net Income, 3 Yr. CAGR %	-62.73	-8.13	-37.35	261.37	76.33
Diluted EPS Before Extra, 3 Yr. CAGR %	-66.62	-19.71	-46.3	220.47	41.81
Accounts Receivable, 3 Yr. CAGR %	10.93	9.8	23.2	37.18	9.48
Inventory, 3 Yr. CAGR %	-4.65	10.4	35.66	37.2	6.95
Net Property, Plant and Equip., 3 Yr. CAGR %	63.51	64.91	40.39	-3.45	-6.39
Total Assets, 3 Yr. CAGR %	11.92	9.7	29.69	30.95	32.67
Tangible Book Value, 3 Yr. CAGR %	-11.36	-12.63	13.14	64.81	87.34
Common Equity, 3 Yr. CAGR %	-11.36	-12.63	13.14	64.81	87.34
Cash From Operations, 3 Yr. CAGR %	9.06	20.86	-29.95	89.85	102.49
Capital Expenditures, 3 Yr. CAGR %	261.1	58.09	-	18.49	90.19
Levered Free Cash Flow, 3 Yr. CAGR %	32.59	186.4	-66.99	113.56	119.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	24.07	100.01	-55.85	120.91	135.87
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.98	3.29	9.12	17.27	16.43
Gross Profit, 5 Yr. CAGR %	-1.37	0.2	9.16	26.36	22.98
EBITDA, 5 Yr. CAGR %	5.52	4.48	-15.81	67.48	157.81
EBITA, 5 Yr. CAGR %	6.1	1.65	-23.37	55.2	103.27
EBIT, 5 Yr. CAGR %	6.1	1.65	-23.37	55.2	103.27
Earnings From Cont. Operations, 5 Yr. CAGR %	1.46	-11.72	-28.49	38.49	5.87
Net Income, 5 Yr. CAGR %	1.46	-11.72	-28.49	38.49	5.87
Normalized Net Income, 5 Yr. CAGR %	1.46	5.59	-25.61	44.38	12.31
Diluted EPS Before Extra, 5 Yr. CAGR %	-15.07	-21.7	-33.46	23.78	-5.89
Accounts Receivable, 5 Yr. CAGR %	4.45	3.99	14.83	23.37	14.95
Inventory, 5 Yr. CAGR %	5.41	10.85	26.58	14.64	7.42
Net Property, Plant and Equip., 5 Yr. CAGR %	24.81	24.37	22.73	37.29	24.15
Total Assets, 5 Yr. CAGR %	12.8	11.56	12.11	24.59	31.84
Tangible Book Value, 5 Yr. CAGR %	-0.83	-0.83	-5.15	27.7	50
Common Equity, 5 Yr. CAGR %	-0.83	-0.83	-5.15	27.7	50
Cash From Operations, 5 Yr. CAGR %	6.87	18.41	-19.29	85.56	42.79
Capital Expenditures, 5 Yr. CAGR %	64.5	-18.07	-	223.44	66.38
Levered Free Cash Flow, 5 Yr. CAGR %	-18.14	29.94	-31.33	175.83	52.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	-19.82	27.12	-19.28	132.92	51.57