Omnitek Engineering Corp financial data

Symbol
OMTK on OTC
Industry
Motor Vehicle Parts & Accessories
Location
1345 Specialty Dr., # E, Vista, California
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 17, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 32.1 % -23.1%
Quick Ratio 25.8 % -32%
Debt-to-equity -176 % +18.6%
Return On Equity 6.1 % -86.9%
Return On Assets -24.9 % -55%
Operating Margin -19 % -22.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 21.9M shares 0%
Common Stock, Shares, Outstanding 21.9M shares 0%
Entity Public Float 398K USD -50%
Common Stock, Value, Issued 8.61M USD 0%
Weighted Average Number of Shares Outstanding, Basic 21.9M shares +1.61%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.07M USD +2.9%
Cost of Revenue 668K USD +9.58%
Research and Development Expense 68.1K USD -0.03%
General and Administrative Expense 533K USD +2.68%
Operating Income (Loss) -203K USD -25.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -221K USD -20.7%
Income Tax Expense (Benefit) 800 USD 0%
Net Income (Loss) Attributable to Parent -222K USD -20.6%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 8.42K USD -40.4%
Accounts Receivable, after Allowance for Credit Loss, Current 17.3K USD +17.4%
Inventory, Net 327K USD -35.1%
Assets, Current 527K USD -11.4%
Property, Plant and Equipment, Net 5.23K USD -25%
Operating Lease, Right-of-Use Asset 313K USD -29.1%
Other Assets, Noncurrent 13.5K USD 0%
Assets 858K USD -18.8%
Liabilities, Current 1.7M USD +9.78%
Operating Lease, Liability, Noncurrent 213K USD -40%
Liabilities 2.11M USD +0.42%
Retained Earnings (Accumulated Deficit) -21.9M USD -1.02%
Stockholders' Equity Attributable to Parent -1.25M USD -19.8%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -1.04M USD -18.9%
Liabilities and Equity 858K USD -18.8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -53.5K USD -2398%
Net Cash Provided by (Used in) Financing Activities 0 USD -100%
Net Cash Provided by (Used in) Investing Activities 0 USD
Common Stock, Shares Authorized 125M shares 0%
Common Stock, Shares, Issued 21.9M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 20.2K USD -71.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 5.31K USD -8.44%
Deferred Tax Assets, Valuation Allowance 8.51M USD +2.34%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.24 pure 0%
Operating Lease, Liability 356K USD -25.3%
Depreciation 436 USD 0%
Payments to Acquire Property, Plant, and Equipment 1.45K USD -90%
Lessee, Operating Lease, Liability, to be Paid 377K USD -27.2%
Property, Plant and Equipment, Gross 5.23K USD -25%
Operating Lease, Liability, Current 142K USD +18.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 176K USD +19%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, to be Paid, Year Three 88.1K USD -50%
Deferred Tax Assets, Operating Loss Carryforwards 8.04M USD +2.5%
Deferred Federal Income Tax Expense (Benefit) 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 176K USD 0%
Operating Lease, Payments 35.3K USD
Additional Paid in Capital 12.1M USD +0.13%
Current State and Local Tax Expense (Benefit) 800 USD 0%
Current Federal Tax Expense (Benefit) 0 USD
Deferred State and Local Income Tax Expense (Benefit) 0 USD
Interest Expense 23K USD +4.88%