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Last $0.63 USD
Change Today -0.0452 / -6.65%
Volume 3.6K
OMTK On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

omnitek engineering corp (OMTK) Key Developments

Omnitek Engineering Corp. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for Second Half of 2015

Omnitek Engineering Corp. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $591,185 compared with $302,385 for the same period last year. Loss from operation was $172,048 compared with $477,942 for the same period last year. Loss before income tax was $168,280 compared with $459,509 for the same period last year. net loss was $168,280 or $0.01 basic and diluted per share compared with $459,509 or $0.02 basic and diluted per share for the same period last year. Net loss reflecting higher sales combined with lower operating expenses. For the six months, the company reported revenue was $1,041,885 compared with $622,759 for the same period last year. Loss from operation was $408,419 compared with $915,968 for the same period last year. Loss before income tax was $404,642 compared with $876,514 for the same period last year. net loss was $405,442 or $0.02 basic and diluted per share compared with $877,314 or $0.04 basic and diluted per share for the same period last year. The company's sales performance continued to gain momentum in the second quarter, and The company expects meaningful growth in the second half of 2015 -- supported by foreign market sales activity, particularly Europe and Mexico as well as anticipated contributions from certain key domestic large fleet projects.

Omnitek Engineering Appoints Richard L. Miller as New Chief Financial Officer

Omnitek Engineering Corp. announced the appointment of Richard L. Miller as chief financial officer -- succeeding Alicia Rolfe who elected to retire from her position to honor personal commitments. Richard Miller has more than 16 years of financial management and accounting experience. Prior to joining Omnitek, he served as controller for American Rim Supply Inc.

Alicia A. Rolfe Resigns as Chief Financial Officer of Omnitek Engineering Corp, Effective July 18, 2015

On June 19, 2015, Alicia A. Rolfe, the Chief Financial Officer, notified the Omnitek Engineering Corp. of her intent to resign from her position effective July 18, 2015 in order to honor personal commitments and spend more time with her family.

Omnitek Engineering Corp. Announces Teknosis Enters into Collaborative Alliance with Naturelgaz and Hayat Inovasyon

Omnitek Engineering Corp. announced that the company's exclusive distributor in Turkey, Teknosis, has expanded its strategic position in that country through a collaborative alliance with Naturelgaz and Hayat Inovasyon, a subsidiary of Hayat Holding. Omnitek has already shipped multiple orders for diesel-to-natural gas engine conversion kits to Teknosis, with expectations of a sharp ramp-up in the months ahead.

Omnitek Engineering Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Omnitek Engineering Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Net revenues for the first quarter increased 41% to $450,700 compared with $320,374 a year earlier. For the same period, the company reported a net loss of $237,162, or $0.01 per basic and diluted share, compared with a net loss of $417,805, or $0.02 per basic and diluted share, a year ago. Loss from operations was $236,371 against $438,026 a year ago. Loss before income taxes was $236,362 against $417,805 a year ago.

 

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Industry Analysis

OMTK

Industry Average

Valuation OMTK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.1x
Price/Book 6.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 6.9x
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