Hamilton Thorne (TSE:HTL) has released an update.
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Hamilton Thorne Ltd. has celebrated a record-breaking year, with a 16% increase in annual sales to $67.2 million, and an upswing in fourth-quarter sales by 12% to $18.4 million. Adjusted EBITDA also rose significantly, by 14% annually to $11.5 million and by 22% for the quarter to $3.7 million, bolstered by strong demand for high-margin products. Despite considerable investments in inventory, the company improved its cash from operations to $4.0 million and projected organic sales growth of 10-15% for 2024.
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