Mr. Dan Stearne reports

INVENTRONICS ANNOUNCES 2023 YEAR END FINANCIAL RESULTS

Inventronics Ltd. has released its 2023 audited annual and unaudited fourth quarter 2023 financial results.

For the year ended Dec. 31, 2023, the corporation reported net earnings of $369,000, or 7.6 cents per share, on revenue of $8,859,000 compared with net earnings of $2,093,000, or 43.4 cents per share, on revenue of $14,245,000 for the 2022 fiscal year. For the three months ended Dec. 31, 2023, the corporation reported a net loss of $207,000, or 4.2 cents per share, on revenue of $959,000 compared with net earnings of $252,000, or 5.2 cents per share, on revenue of $2,739,000, for the same period in 2022.

Further information about the financial results of the corporation can be found in the corporation's audited financial statements for the year ended Dec. 31, 2023, and accompanying management's discussion and analysis, which have been filed on SEDAR+.

About Inventronics Ltd.

Inventronics designs and manufactures enclosures and other products for an array of customers in the telecommunication, cable, electric 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.