Reko Reports Results for Fourth Quarter and Year Ended July 31, 2024

Quarterly net loss of $3.5M and EPS of ($0.62) including a tax effected non-cash deferred tax expense related to the recoverability of deferred tax assets of $3.2M or ($0.55) per share

Consolidated fourth quarter sales were unfavourable compared to the same quarter of the prior year by $1,963 or 17.9% due to ongoing softness in the automotive industry

Continued strong balance sheet with improved cash position of $3.8M over prior quarter

WINDSOR, ON, Oct. 10, 2024 /CNW/ - Reko International Group Inc. (TSXV:REKO) today announced results for its fourth quarter and year ended July 31, 2024.

Financial Highlights:(in 000's,except for per share data)

 

Three Months

Twelve Months 

(unaudited)

(unaudited)

Fiscal

Fiscal

Fiscal

Fiscal

2024

2023

2024

2023

Sales

$9,019

$10,982

$44,277

$46,751

Earned Revenue(1)

6,835

 

7,960

 

30,125

 

32,141

 

(Loss) Income Before Income Taxes

 

(444)

 

(89)

 

(1,220)