Omni-Lite Industries Reports Q2 2013 Results

Omni-Lite Industries Canada Inc.
OML-TSX VENTURE

CERRITOS, CALIFORNIA, August 22, 2013 – For the six months ended June 30, 2013 Omni-Lite Industries Canada Inc. is pleased to report revenue of $2,451,253 US ($2,577,492 CAD) and Cash Flow from Operations(1) of $423,704 US ($445,524 CAD). Net income was $75,650 US ($79,545 CAD). Earnings per share in the first six months of 2013 were $0.01 US ($0.01 CAD), based on the weighted average number of shares outstanding of 12,243,408.

SUMMARY OF SIX MONTH FINANCIAL HIGHLIGHTS (US $)

Weighted Average Shares Issued And Outstanding: 12,243,408

 

For the period   ended June 30, 2013

For the period   ended June 30, 2012

%

Increase

(Decrease)

Revenue

$2,451,253

$2,754,468

(11%)

Cash flow from operations(1)

423,704

636,761

(33%)

Net Income

75,650

243,446

(69%)

EPS (US)

0.01

0.02

(50%)

EPS (CAD)

0.01

0.02

(50%)

(Note: at 06/30/13, $1US = $1.0515 CAD; 6/30/12, $1US = $1.0248 CAD)

Revenue in the three month period ended June 30, 2013 was $1,395,314 US ($1,467,172 CAD).   Cash flow from operations(1) over the same period was $342,092 US ($359,709 CAD).  EBITDA over the period was $329,772 US ($346,755 CAD).  Net income in the second quarter was $136,479 US. ($143,507 CAD).  Earnings per share in Q2 2012 were $0.01 US ($0.01 CAD), based on the weighted average number of shares outstanding of 12,228,208.

SUMMARY OF THREE MONTH FINANCIAL HIGHLIGHTS (US $)

Weighted Average Shares Issued And Outstanding: 12,228,208

For the three months

ended June 30, 2013

For the three months

ended June 30, 2012

%

Increase

(Decrease)

Revenue

1,395,314

1,386,824

0.6%

Cash flow from operations(1)

342,092

313,234

9%

Net Income 

136,479

179,903

(24%)

EPS (US)    

0.011

0.014

(21%)

EPS (CAD)

0.012

0.014

(14%)

(Note: at 06/30/13, $1US = $1.0515 CAD; 6/30/12, $1US = $1.0248 CAD)

 

Quarterly Information

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

 

Jun 30/2013

Mar 31/2013

Dec 31/2012

Sep 30/2012

Jun 30/2012

Mar 31/2012

Dec 31/2011

Sep 30/2011

Revenue

1,395,314

1,055,939

1,090,939

1,525,127

1,386,824

1,367,644

1,098,466

1,793,959

Cash flow from operations(1)

342,092

81,612

(18,952)

407,355

313,234

323,527

110,268

414,176

Net income (loss)

136,479

(60,829)

(173,132)

140,134

179,903

63,543

996,036

143,761

E(L)PS - basic (US)

.011

(.005)

(.013)

.011

.014

.005

.076

.011

E(L)PS - basic (CAD)

.012

(.005)

(.014)

.011

.014

.005

.081

.011

E(L)PS - diluted (US)

.011

(.005)

(.014)

.011

.014

.005

.074

.011

E(L)PS - diluted (CAD)

.012

(.005)

(.014)

.011

.014

.005

.079

.011

ALL FIGURES IN US DOLLARS UNLESS NOTED

(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, depletion and 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.

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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