A Business at a Glance
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General Development of Business Omnitek Engineering, Corp., a California corporation, began operations on October 10, 2001, and was a spin-off from Nology Engineering, Inc., a manufacturer in the automotive aftermarket parts industry and the developer/manufacturer of the patented “HotWires” spark plug wires. Our business is located at 1345 Specialty Dr. #E, Vista, California, 92081, which consists of approximately 11,751 square feet of industrial space. Omnitek has never filed for bankruptcy and has never been subject to receivership or similar proceedings. Business of Issuer Omnitek develops and sells proprietary technology to convert diesel engines to an alternative fuel, new alternative fuel engines and complementary products. Omnitek products are available for stationary applications and the global transportation markets -- including light commercial vehicles, buses, heavy-duty trucks, as well as rail and marine applications.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.5M | 1.0M | 1.1M | 1.1M | 1.1M | 876K |
| Net Income | 281K | -167K | -215K | -197K | 17K | -490K |
| EPS | $0.01 | $-0.01 | $-0.01 | $-0.01 | $0.00 | $-0.02 |
| Free Cash Flow | 0 | 30K | 17K | 8K | -145K | -248K |
| ROIC | - | -13.3% | -23.2% | -15.7% | -12.7% | -47.8% |
| Gross Margin | 44.6% | 44.9% | 38.9% | 39.4% | 43.4% | 32.8% |
| Debt/Equity | 0.00 | -0.16 | -0.18 | -0.27 | -0.32 | -0.18 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 87K | -149K | -196K | -174K | -189K | -467K |
| Operating Margin | 5.8% | -14.6% | -18.6% | -16.3% | -17.3% | -53.3% |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 22M | 22M | 22M | 22M | 22M | 24M |
Omnitek Engineering Corp passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 7.3x vs a median of 23.7x. The company's 5-year average gross margin is 39.9%. At current prices, the estimated annualized return to fair value is +34.6%.
Omnitek Engineering Corp (OMTK) has a 5-year average return on invested capital (ROIC) of -22.5%. This is below average and may indicate limited pricing power.
Omnitek Engineering Corp (OMTK) has a market capitalization of $219K. It is classified as a small-cap stock.
Omnitek Engineering Corp (OMTK) does not currently pay a regular dividend.
Omnitek Engineering Corp (OMTK) operates in the Motor Vehicle Parts & Accessories industry, within the Consumer Cyclical sector.
Omnitek Engineering Corp (OMTK) reported annual revenue of $1 million in its most recent fiscal year, based on SEC EDGAR filings.
Omnitek Engineering Corp (OMTK) has a net profit margin of -16.4%. The company is currently unprofitable.
Omnitek Engineering Corp (OMTK) generated $30 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Omnitek Engineering Corp (OMTK) reported earnings per share (EPS) of $-0.01 in its most recent fiscal year.
Omnitek Engineering Corp (OMTK) has a 5-year average gross margin of 39.9%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for Omnitek Engineering Corp (OMTK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Omnitek Engineering Corp (OMTK) has a book value per share of $-0.06, based on its most recent annual SEC filing.
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