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Last $0.57 USD
Change Today -0.0004 / -0.07%
Volume 37.0K
OMTK On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

omnitek engineering corp (OMTK) Snapshot

Open
$0.58
Previous Close
$0.58
Day High
$0.58
Day Low
$0.51
52 Week High
09/4/14 - $2.75
52 Week Low
09/3/15 - $0.51
Market Cap
11.5M
Average Volume 10 Days
21.1K
EPS TTM
$-0.07
Shares Outstanding
20.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OMNITEK ENGINEERING CORP (OMTK)

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omnitek engineering corp (OMTK) Details

Omnitek Engineering Corp. develops and supplies natural gas engines and advanced engine management systems for gaseous fuels worldwide. It also manufactures a proprietary technology, which is used to convert old or new diesel engines to operate on natural gas, propane, or hydrogen. The company offers conversion kits for converting rich-burn natural gas engines to lean-burn natural gas engines; conversion kits for converting a diesel engine to operate on natural gas; and natural gas engines and components. Its products are used for stationary applications, including generator sets; and transportation industry, such as light commercial vehicles, minibuses, heavy-duty trucks, and municipal buses, as well as rail and marine applications. The company sells and delivers its products through its distributors, engine manufacturers, system integrators, fleet operators, and engine conversion companies, as well as directly to its end-users. It has strategic alliance with LKQ Corporation to produce drop-in natural gas engines. The company was founded in 2001 and is headquartered in Vista, California.

16 Employees
Last Reported Date: 03/31/15
Founded in 2001

omnitek engineering corp (OMTK) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $174.6K
Vice President and Director
Total Annual Compensation: $32.5K
Compensation as of Fiscal Year 2014.

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.

 

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Industry Analysis

OMTK

Industry Average

Valuation OMTK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.0x
Price/Book 5.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 5.8x
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