Mr. Dan Stearne reports

INVENTRONICS ANNOUNCES 2024 Q3 FINANCIAL RESULTS

Inventronics Ltd. has released its unaudited 2024 Q3 (third quarter) financial results.

For the three months ended Sept. 30, 2024, Inventronics reported net earnings of $31,000, or 0.6 cents per share, on revenue of $1,604,000, compared with a net loss of $94,000, or 1.9 cents per share, on revenue of $1,463,000 for the three months ended Sept. 30, 2023. For the nine months ended Sept. 30, 2024, Inventronics reported net earnings of $180,000, or 3.7 cents per share, on revenue of $4,981,000, compared with net earnings of $576,000, or 11.8 cents per share, on revenue of $7.9-million for the comparative period in 2023.

Further information about the financial results of the corporation can be found in the corporation's unaudited interim financial statements for the quarter ended Sept. 30, 2024, and the accompanying management's discussion and analysis (2024 Q3 MD&A) filed on SEDAR+.

About Inventronics Ltd.

Inventronics designs and manufactures enclosures and other products for an array of customers in the telecommunications, cable, power distribution, energy and other industries in North America. The corporation owns its ISO 9001-registered production facility in Brandon, Man.

Shares of Inventronics trade on the TSX Venture Exchange under the symbol IVX.