Last $2.25 USD
Change Today +0.01 / 0.45%
Volume 5.8K
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As of 12:04 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

omnitek engineering corp (OMTK) Snapshot

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01/17/14 - $3.00
52 Week Low
08/13/13 - $1.78
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omnitek engineering corp (OMTK) Details

Omnitek Engineering Corporation 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 natural gas engines; conversion kits for converting rich-burn natural gas engines to lean-burn natural gas engines; and conversion kits for converting a diesel engine to operate on natural gas. Its products are used for stationary applications, such as generator sets; and truck and bus markets, including light commercial vehicles, minibuses, heavy trucks, and municipal buses. 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. Omnitek Engineering Corporation has a strategic alliance with Reviva. The company is headquartered in Vista, California.

19 Employees
Last Reported Date: 03/31/14

omnitek engineering corp (OMTK) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $153.8K
Chief Financial Officer
Total Annual Compensation: $29.4K
Vice President and Director
Total Annual Compensation: $50.5K
Compensation as of Fiscal Year 2013.

omnitek engineering corp (OMTK) Key Developments

Omnitek Engineering Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Omnitek Engineering Corp. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the fourth quarter ended December 31, 2013, the company reported a net loss of $526,480, or $0.03 per share, compared with $50,298, or $0.00 per share, a year ago. Revenues for the same period were $225,057 compared with $650,473 a year earlier, reflecting the timing and volume of orders. Loss from operations was $535,510 was $63,990 a year ago. The company reported a net loss for the full year of $1,614,188, or $0.08 per share, compared with a net loss of $1,371,453, or $0.07 per share, a year earlier. Revenues for the full year were $1,052,518 compared with $1,899,740 in 2012. Loss from operations was $1,678,182 was $1,406,111 a year ago.

Omnitek Engineering Receives Natural Gas System Order for Buses in Mexico

Omnitek Engineering Corp. announced it has received a follow-on order for the company's proprietary natural gas engine management technology and components for a system designed to operate new 6.6 liter engines manufactured by Arizona-based U.R.E., representing an aggregate 40 units to date that will power buses in Querétaro, Mexico manufactured by Master Road, based in Puebla, Mexico. The company expects to receive additional orders for natural gas systems as bus production ramps up. Additional terms were not disclosed.

Omnitek Engineering Corp. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Omnitek Engineering Corp. reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenues of USD 280,921 compared to USD 562,367 a year ago. Loss from operations was USD 488,934 compared to USD 163,232 a year ago. Loss before income taxes was USD 467,895 compared to USD 142,150 a year ago. Net loss was USD 467,895 compared to USD 142,150 a year ago. Basic and diluted loss per share was USD 0.02 compared to USD 0.01 a year ago. For the nine months, the company reported revenues of USD 827,460 compared to USD 1,249,267 a year ago. Loss from operations was USD 1,142,673 compared to USD 1,342,121 a year ago. Loss before income taxes was USD 1,086,909 compared to USD 1,320,355 a year ago. Net loss was USD 1,087,709 compared to USD 1,321,155 a year ago. Basic and diluted loss per share was USD 0.06 compared to USD 0.07 a year ago.


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