Mr. Dan Stearne reports

INVENTRONICS ANNOUNCES 2021 YEAR END FINANCIAL RESULTS

Inventronics Ltd. has released its 2021 audited annual and unaudited Q4 2021 financial results.

For the year ended Dec. 31, 2021, the corporation reported net earnings of $1.89-million, or 41 cents per share, on revenue of $9,843,000 compared with net earnings of $684,000, or 15.5 cents per share, on revenue of $5.64-million for the 2020 fiscal year. For the three months ended Dec. 31, 2021, the corporation reported net earnings of $302,000, or 6.6 cents per share, on revenue of $1,919,000 compared with a net loss of $15,000, or 0.4 cent per share, on revenue of $955,000, for the same period in 2020.

About Inventronics Ltd.

Inventronics designs and manufactures enclosures and other products for an array of customers in the telecommunications, electric utility, cable television, oil and gas, electronics, and computer services industries in North America. The corporation owns its ISO (International Organization for Standardization) 9001-registered production facility in Brandon, Man. Shares of Inventronics trade on the TSX Venture Exchange under the symbol IVX.