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Last $0.80 USD
Change Today +0.0005 / 0.06%
Volume 5.6K
OMTK On Other Exchanges
Symbol
Exchange
OTC US
As of 2:42 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

omnitek engineering corp (OMTK) Key Developments

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.

Omnitek Receives Follow-On Order From Tedom for 45 Systems to Power Natural Gas Buses in the Czech Republic

Omnitek Engineering Corp. announced it has received a follow-on order for 45 Omnitek natural gas engine systems from TEDOM s.r.o LTD. The order, which was received at the end of the first quarter, is expected to be shipped in the second quarter. Terms were not disclosed.

 

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Industry Analysis

OMTK

Industry Average

Valuation OMTK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.8x
Price/Book 7.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 10.5x
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