omnitek engineering corp (OMTK) Key Developments
Omnitek Engineering Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 4 15
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
Apr 2 15
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.
Omnitek Engineering Corp., Annual General Meeting, May 22, 2015
Mar 31 15
Omnitek Engineering Corp., Annual General Meeting, May 22, 2015., at 10:00 Pacific Standard Time. Location: at 1333 Keystone Way, Suite 101. Agenda: To approve the election of five directors: Werner Funk, Janice M. Quigley, George G. Chachas, Gary S. Maier, and John M. Palumbo for the ensuing year; to approve the ratification of Sadler, Gibb & Associates, L.L.C. as the company's independent accountants for the fiscal year 2015; and to transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof.
Omnitek Engineering Corp. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Mar 31 15
Omnitek Engineering Corp. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $413,581 compared with $225,057 for the same period last year. Loss from operations was $409,892 compared with $535,510 for the same period last year. Loss before income taxes was $409,892 compared with income before income taxes of $190,200 for the same period last year. Net loss was $409,156 or $0.02 basic and diluted per share compared with $190,200 or $0.01 basic and diluted per share for the same period last year.
For the full year, the company reported revenue of $1,485,818 compared with $1,052,518 for the same period last year. Loss from operations was $1,887,140 compared with $1,678,182 for the same period last year. Loss before income taxes was $1,828,027 compared with income before income taxes of $3,522,686 for the same period last year. Net loss was $1,828,827 or $0.09 basic and diluted per share compared with $3,523,486 or $0.18 basic and diluted per share for the same period last year. Revenues primarily due to increased diesel-to-natural gas engine conversion kit sales and filter sales to an OEM customer.
Omnitek Engineering Wins Order to Build 600KW Natural Gas Power Generator
Feb 27 15
Omnitek Engineering won an order to build a 600KW natural gas power generator to operate the Bernardo Quintana CNG vehicle fueling station in the Mexican city of Querétaro. Run by NatGas, the station will have the capacity to serve 200 buses and 1,000 taxis per day. The 12-cyclinder generator will provide the station with a secure power source for CNG vehicle fueling operations.