Last $1.09 USD
Change Today +0.04 / 3.81%
Volume 291.0
OPCO On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

ourpet's co (OPCO) Snapshot

Open
$0.92
Previous Close
$1.05
Day High
$1.09
Day Low
$0.92
52 Week High
10/30/13 - $2.49
52 Week Low
08/19/13 - $0.51
Market Cap
18.2M
Average Volume 10 Days
290.1
EPS TTM
$0.06
Shares Outstanding
16.7M
EX-Date
--
P/E TM
18.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for OURPET'S CO (OPCO)

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ourpet's co (OPCO) Details

OurPet’s Company designs, develops, produces, and markets a range of accessory and consumable pet products for the retail pet business in the United States and internationally. It offers various pet products, such as dog, cat, and bird feeders; dog and cat toys; cat and dog waste management products; catnip products; and natural and nutritional pet supplements and topical products. The company markets its products under the OurPet’s, Flappy, Pet Zone, SmartScoop, Ecopure Naturals, Play-N-Squeak, Durapet, Clipnosis, Go! Cat!Go!, Cosmic Pet, Eat, and Smarter Toys brand names. OurPet’s Company sells its products to mass retailers, pet superstores and catalogues, regional pet chains, Internet, clubs, military exchange chains, grocery chains, pet food manufacturers, and pet distributors. The company was formerly known as Napro, Inc. and changed its name to OurPet’s Company in March 1998. OurPet’s Company was founded in 1985 and is headquartered in Fairport Harbor, Ohio.

48 Employees
Last Reported Date: 03/31/14
Founded in 1985

ourpet's co (OPCO) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $232.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $149.0K
Vice President of Operations and Secretary
Total Annual Compensation: $154.0K
Vice President of Global Sales
Total Annual Compensation: $136.9K
Compensation as of Fiscal Year 2013.

ourpet's co (OPCO) Key Developments

Virtu Company and SMP Company, Incorporated Renegotiate Financing Agreements with FirstMerit Bank, N.A

On April 16, 2014, OurPet's Company, its wholly owned subsidiaries, Virtu Company and SMP Company, Incorporated renegotiated their financing agreements (including a revolving credit facility and term loans) with FirstMerit Bank, N.A., and replaced their current loan agreements for such loan facilities with the following: (a) Business Loan Agreement (Asset Based) among OurPet's, the Subsidiaries and the Lender for a $5,000,000 revolving line of credit; (b) Promissory Note in the principal amount of $5,000,000 from OurPet's and the Subsidiaries; and (c) Promissory Note in the principal amount of $277,777.92 from OurPet's and the Subsidiaries. The Financing Agreements (i) increase OurPet's limit on capital expenditures has been increased to $750,000 from $500,000, (ii) approve OurPet's scheduled payments on its subordinated debt, and (iii) adjust the interest rate on the indebtedness from 0.5% plus Lender's prime lending rate to LIBOR + 225 basis points.

OurPet's Company Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

OurPet's Company announced consolidated earnings results for the fourth quarter and year ended December 31, 2013. Net revenue increased 1.3% to $6,027,389 for the 2013 fourth quarter compared to $5,947,407 for the same period a year ago. Fourth quarter 2012 net revenue included a $250,000 one-time promotional club order which did not reoccur in 2013. Sales in the grocery and mass-merchandise sales channels were particularly strong during the 2013 fourth quarter compared to a year ago. Income from operations increased 62% to $571,686 for the 2013 fourth quarter from $352,633 for the 2012 fourth quarter. This increase was primarily due to higher gross profit and lower selling, general and administrative expenses. Income before taxes was $625,089 versus $301,987 for the same period in 2012 and included about $88,000 of other income related to favorable patent litigation and insurance settlements. Net income increased 61% to $375,355 for the 2013 fourth quarter from $232,655 for the same period last year. Earnings per share increased to $0.02 for the 2013 fourth quarter from $0.01 for the 2012 fourth quarter. EBITDA for the fourth quarter 2013 was $813,237 as compared to $508,093 for the same period a year ago. Net revenue increased approximately 7% to $21,554,106 for the twelve months ended December 31, 2013 from $20,160,751 for the twelve months of 2012. Income from operations increased 316% to $1,717,805 for 2013 from $412,515 for 2012. This year-over-year increase was principally due to higher gross profit and to a lesser extent, lower SG&A expenses. Income before taxes for the twelve months ended December 31, 2013, was $1,731,888 compared to $251,038 for 2012. Approximately $175,000 of income before taxes in 2013 was due to other income, related to successful patent litigation and insurance settlements. Net income was a record $1,070,995 for 2013 compared to $192,740 for 2012. Earnings per share were a record $0.06 for the twelve months ended December 31, 2013, compared to $0.01 per share for the year 2012. EBITDA for the full 2013 year was $2,517,063 as compared to $1,053,582 for the same period a year ago.

OurPet's Company Launches Pet Zone Brand for the Food/Drug/Mass-Market Channel

OurPet's Company announced the launch of a new brand called Pet Zone(R), a line of innovative products available exclusively through the food, drug, and mass-market channel. With a proven line of products designed to enhance harmony in the home, the Pet Zone brand of products will proudly offer creative, captivating toys and practical accessories that enhance the well-being of pets. The Pet Zone launch will ensure easier consumer access to high-quality, innovative products for pets that provide both fun and functionality. To handle current demand and anticipated growth from the launch of Pet Zone, The OurPet's Company has recently installed TWL (Total Warehouse Logistics).

 

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Valuation OPCO Industry Range
Price/Earnings 19.6x
Price/Sales 1.0x
Price/Book 3.5x
Price/Cash Flow 17.0x
TEV/Sales 0.6x
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