Omni-Lite Industries Announces Q1 2013 Results

Omni-Lite Industries Canada Inc.
OML-TSX VENTURE

CERRITOS, CALIFORNIA, May 30, 2013 – For the three months ended March 31, 2013 Omni-Lite Industries Canada Inc. is pleased to report revenue of $1,055,939 US ($1,073,964 CAD) and Cash Flow from Operations(1) of $81,612 US ($83,005 CDN).   Net loss was $60,829 US ($61,867 CDN).  Loss per share in Q1 2013 was $0.01 US ($0.01 CDN), based on the weighted average number of shares outstanding of 12,223,276.  

 SUMMARY OF THREE MONTH FINANCIAL HIGHLIGHTS (US $)

Basic Weighted Average Shares Issued And Outstanding: 12,223,276

 

For the period   ended March 31, 2013

For the period   ended March 31, 2012

%

Increase

(Decrease)

Revenue

$1,055,939

$1,367,644

(23%)

Cash flow from operations(1)

81,612

323,527

(75%)

Net income (loss) 

(60,829)

63,543

(196%)

EPS (US)

(0.01)

0.01

(202%)

EPS (CAD)

(0.01)

0.01

(203%)

(Note: at 03/31/13, $1US = $1.01707 CAD; 3/31/12, $1US = $0.99703 CAD)

 Quarterly Information

 The following table summarizes the Company’s financial performance over the last eight quarters.

  ALL FIGURES IN US DOLLARS UNLESS NOTED 

 

Mar 31/2013

Dec 31/2012

Sep 30/2012

Jun 30/2012

Mar 31/2012

Dec 31/2011

Sep 30/2011

Jun 30/2011

Revenue

1,055,939

1,090,939

1,525,127

1,386,824

1,367,644

1,098,466

1,793,959

2,139,344

Cash Flow from Operations(1)

81,612

(18,952)

407,355

313,234

323,527

110,268

414,176

763,456

Net Income

(60,829)

(173,132)

140,134

179,903

63,543

996,036

143,761

510,960

E(L)PS – basic (US)

(.005)

(.013)

.011

.014

.005

.076

.011

.039

E(L)PS – basic (CAD)

(.005)

(.014)

.011

.014

.005

.081

.011

.038

E(L)PS – diluted (US)

(.005)

(.014)

.011

.014

.005

.074

.011

.038

E(L)PS – diluted (CAD)

(.005)

(.014)

.011

.014

.005

.079

.011

.037

(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, 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.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

For further information: Tim Wang, CFO, Tel. No. (562) 404-8510 x108, or (800) 577-6664 (Canada and USA), Fax. No. (562) 926-6913, email: t.wang@omni-lite.com



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