Omni-Lite Industries reports results for the second quarter of 2013
OML-TSX VENTURE
CERRITOS, CA, Aug. 22, 2013 /CNW/ - For the six months ended June 30, 2013 Omni-Lite Industries Canada Inc. is pleased to report revenue of $2,451,253 US ($2,577,492 CAD) and Cash Flow from Operations(1) of $423,704 US ($445,524 CAD). Net income was $75,650 US ($79,545 CAD). Earnings per share in the first six months of 2013 were $0.01 US ($0.01 CAD), based on the weighted average number of shares outstanding of 12,243,408.
SUMMARY OF SIX MONTH FINANCIAL HIGHLIGHTS (US $)
Weighted Average Shares Issued And Outstanding: 12,243,408 |
For the period ended June 30, 2013 |
For the period ended June 30, 2012 |
% Increase (Decrease) |
Revenue | $2,451,253 | $2,754,468 | (11%) |
Cash flow from operations(1) | 423,704 | 636,761 | (33%) |
Net Income | 75,650 | 243,446 | (69%) |
EPS (US) | 0.01 | 0.02 | (50%) |
EPS (CAD) | 0.01 | 0.02 | (50%) |
(Note: at 06/30/13, $1US = $1.0515 CAD; 6/30/12, $1US = $1.0248 CAD)
Revenue in the three month period ended June 30, 2013 was $1,395,314 US ($1,467,172 CAD). Cash flow from operations(1) over the same period was $342,092 US ($359,709 CAD). EBITDA over the period was $329,772 US ($346,755 CAD). Net income in the second quarter was $136,479 US. ($143,507 CAD). Earnings per share in Q2 2012 were $0.01 US ($0.01 CAD), based on the weighted average number of shares outstanding of 12,228,208.
SUMMARY OF THREE MONTH FINANCIAL HIGHLIGHTS (US $)
Weighted Average Shares Issued And Outstanding: 12,228,208 |
For the three months ended June 30, 2013 |
For the three months ended June 30, 2012 |
% Increase (Decrease) |
Revenue | 1,395,314 | 1,386,824 | 0.6% |
Cash flow from operations(1) | 342,092 | 313,234 | 9% |
Net Income | 136,479 | 179,903 | (24%) |
EPS (US) | 0.011 | 0.014 | (21%) |
EPS (CAD) | 0.012 | 0.014 | (14%) |
(Note: at 06/30/13, $1US = $1.0515 CAD; 6/30/12, $1US = $1.0248 CAD)
Quarterly Information
The following table summarizes the Company's financial performance over the last eight quarters.
Jun 30/2013 |
Mar 31/2013 |
Dec 31/2012 |
Sep 30/2012 |
Jun 30/2012 |
Mar 31/2012 |
Dec 31/2011 |
Sep 30/2011 |
|
Revenue | 1,395,314 | 1,055,939 | 1,090,939 | 1,525,127 | 1,386,824 | 1,367,644 | 1,098,466 | 1,793,959 |
Cash flow from operations(1) |
342,092 | 81,612 | (18,952) | 407,355 | 313,234 | 323,527 | 110,268 | 414,176 |
Net income (loss) | 136,479 | (60,829) | (173,132) | 140,134 | 179,903 | 63,543 | 996,036 | 143,761 |
E(L)PS - basic (US) | .011 | (.005) | (.013) | .011 | .014 | .005 | .076 | .011 |
E(L)PS - basic (CAD) | .012 | (.005) | (.014) | .011 | .014 | .005 | .081 | .011 |
E(L)PS - diluted (US) | .011 | (.005) | (.014) | .011 | .014 | .005 | .074 | .011 |
E(L)PS - diluted (CAD) | .012 | (.005) | (.014) | .011 | .014 | .005 | .079 | .011 |
ALL FIGURES IN US DOLLARS UNLESS NOTED
(1) Cash flow from operations is a non-GAAP term requested by the oil and gas investment community that represents net earnings adjusted for non-cash items including depreciation, depletion and amortization, future income taxes, asset write-downs and gains (losses) on sale of assets, if any.
Please see www.sedar.com or contact the Company for complete results.
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by several Fortune 500 Companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN.
SOURCE: Omni-Lite Industries Canada Inc.
Mr. Tim Wang, CFO
Tel. No. (562) 404-8510 or (800) 577-6664 (Canada and USA)
Fax. No. (562) 926-6913, email: [email protected]
Website: www.omni-lite.com
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