CSIMarket
 


Omega Flex Inc   (OFLX)
Other Ticker:  
 
 

OFLX's Revenue Growth by Quarter and Year

Omega Flex Inc 's Revenue results by quarter and year




OFLX Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 23.95 31.63 31.73 27.09
III Quarter September 25.80 31.75 31.97 21.82
II Quarter June 29.99 31.29 30.86 25.27
I Quarter March 30.82 35.46 31.63 29.73
FY   110.56 130.13 126.19 103.91



OFLX Revenue fourth quarter 2023 Y/Y Growth Comment
Omega Flex Inc reported decline in Revenue in the fourth quarter 2023 by -24.28% to $ 23.95 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Omega Flex Inc 's Revenue compares unfavorably to the Company's average Revenue growth of 6.07%.

Among companies who have reported fourth quarter 2023 results in the Renewable Energy Services & Equipment industry only one Company has achieved higher year on year Revenue results in the fourth quarter 2023. While Omega Flex Inc ' s Revenue fall of -24.28% ranks overall at the positon no. 1445 in the fourth quarter 2023.




OFLX Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -24.28 % -0.32 % 17.13 % -3.35 %
III Quarter September -18.74 % -0.69 % 46.52 % -18.61 %
II Quarter June -4.15 % 1.39 % 22.12 % -5.67 %
I Quarter March -13.09 % 12.11 % 6.39 % 2.98 %
FY   -15.04 % 3.12 % 21.44 % -5.96 %

Financial Statements
Omega Flex Inc 's fourth quarter 2023 Revenue $ 23.95 millions OFLX's Income Statement
Omega Flex Inc 's fourth quarter 2022 Revenue $ 31.63 millions Quarterly OFLX's Income Statement
New: More OFLX's historic Revenue Growth >>


OFLX Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -7.17 % -0.38 % -0.75 % 24.15 %
III Quarter September -13.97 % 1.47 % 3.6 % -13.65 %
II Quarter June -2.69 % -11.76 % -2.43 % -15 %
I Quarter March -2.56 % 11.76 % 16.76 % 6.06 %
FY (Year on Year)   -15.04 % 3.12 % 21.44 % -5.96 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Renewable Energy Services & Equipment Industry #2
Energy Sector #41
Overall #1445

Revenue Y/Y Growth Statistics
High Average Low
22.89 % 6.07 % -15.04 %
(Dec 31 2021)   (Dec 31 2023)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Renewable Energy Services & Equipment Industry #2
Energy Sector #41
Overall #1445
Revenue Y/Y Growth Statistics
High Average Low
22.89 % 6.07 % -15.04 %
(Dec 31 2021)   (Dec 31 2023)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Omega Flex Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
24.15 % 1.9 % -24.11 %
(Sep 30 2020)  


OFLX's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Omega Flex Inc realized drop in Revenue from the third quarter by -7.17% to $ 23.95 millions, from $ 25.80 millions declared in the previous reporting period.

It's not important concern, as Omega Flex Inc 's Revenue always tend to plunge in the IV. Quarter.

Within Renewable Energy Services & Equipment industry Omega Flex Inc achieved highest sequential Revenue growth. While Omega Flex Inc 's Revenue growth quarter on quarter, overall rank is 1840.


Revenue Q/Q Growth Company Ranking
Within: No.
Renewable Energy Services & Equipment Industry #1
Energy Sector #67
Overall #1840
Revenue Q/Q Growth Company Ranking
Within: No.
Renewable Energy Services & Equipment Industry #1
Energy Sector #67
Overall #1840
Revenue Q/Q Growth Statistics
High Average Low
24.15 % 1.9 % -24.11 %
(Sep 30 2020)  


OFLX's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Omega Flex Inc realized drop in Revenue from the previous quarter by -7.17% to $ 23.95 millions, from $ 25.80 millions declared in the previous quarter.

As we evaluate present slump in the IV. Quarter 2023, we must take into consideration, that usually IV. Quarter 2023 results occur weaker in contrast to the quarter before, Dani Ortega, a business insider located in Seville said.

Within Renewable Energy Services & Equipment industry Omega Flex Inc achieved highest sequential Revenue growth. While Omega Flex Inc 's Revenue growth quarter on quarter, overall rank is 1840.


Omega Flex Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Revenue 12 Months Ending $ 110.55 $ 118.23 $ 124.18 $ 125.49 $ 130.13
Y / Y Revenue Growth (TTM) -15.04 % -9.21 % -4.8 % -3.48 % 3.13 %
Year on Year Revenue Growth Overall Ranking # 1240 # 1891 # 1146 # 777 # 1263
Seqeuential Revenue Change (TTM) -6.5 % -4.79 % -1.04 % -3.57 % -0.07 %
Seq. Revenue Growth (TTM) Overall Ranking # 1445 # 2318 # 2351 # 1939 # 1351




Cumulative Revenue growth Comment
Omega Flex Inc 's cumulative 12 months Revenue continue to fall, but on the faster rate at -15.04% year on year, at Dec 31 2023 compare to the -9.21% decrease at Jun 30 2023. If the Omega Flex Inc 's fiscal year would end at Dec 31 2023, annual Revenue would be $111 millions.

In the Energy sector 35 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1240, from total ranking in previous quarter at 1891.

Revenue TTM Q/Q Growth Statistics
High Average Low
22.89 %
6.07 %
-15.04 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Renewable Energy Services & Equipment Industry # 2
Energy Sector # 36
Overall # 1240

Revenue TTM Y/Y Growth Statistics
High Average Low
22.89 %
6.07 %
-15.04 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 41
S&P 500 # 1445
Cumulative Revenue growth Comment
Omega Flex Inc 's cumulative 12 months Revenue continue to fall, but on the faster rate at -15.04% year on year, at Dec 31 2023 compare to the -9.21% decrease at Jun 30 2023. If the Omega Flex Inc 's fiscal year would end at Dec 31 2023, annual Revenue would be $111 millions.

In the Energy sector 35 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 1240, from total ranking in previous quarter at 1891.

Revenue TTM Q/Q Growth Statistics
High Average Low
22.89 %
6.07 %
-15.04 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Renewable Energy Services & Equipment Industry # 2
Energy Sector # 36
Overall # 1240

Revenue TTM Y/Y Growth Statistics
High Average Low
22.89 %
6.07 %
-15.04 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 41
S&P 500 # 1445




Other Revenue Growth
Renewable Energy Services & Equipment Industry Revenue Growth Trends and Statistics
Energy Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
OFLX's Revenue Growth Ratio versus Renewable Energy Services & Equipment Industry, Energy Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for OFLX's Competitors
Revenue Growth for Omega Flex Inc 's Suppliers
Revenue Growth for OFLX's Customers

You may also want to know
OFLX's Annual Growth Rates OFLX's Profitability Ratios OFLX's Asset Turnover Ratio OFLX's Dividend Growth
OFLX's Roe OFLX's Valuation Ratios OFLX's Financial Strength Ratios OFLX's Dividend Payout Ratio
OFLX's Roa OFLX's Inventory Turnover Ratio OFLX's Growth Rates OFLX's Dividend Comparisons



Companies with similar Revenue fall for the quarter ending Dec 31 2023 within Energy SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Propetro Holding Corp -0.33%$ -0.329 millions
Global Partners lp-0.40%$ -0.403 millions
Kosmos Energy ltd -0.42%$ -0.422 millions
Hess Corporation-1.41%$ -1.408 millions
Ranger Energy Services inc -1.81%$ -1.815 millions
Select Water Solutions inc -1.85%$ -1.846 millions
Masco Corporation-2.13%$ -2.132 millions
Fgi Industries ltd -2.25%$ -2.249 millions
Marathon Oil Corporation-2.42%$ -2.424 millions
The Aes Corporation-3.01%$ -3.007 millions
Crescent Energy Company-3.95%$ -3.948 millions
Nabors Industries ltd-4.52%$ -4.518 millions
Sunoco Lp-4.68%$ -4.681 millions
Chord Energy Corporation-4.93%$ -4.930 millions
Adams Resources and Energy Inc -5.08%$ -5.078 millions
Eog Resources Inc -5.39%$ -5.388 millions
Helmerich and Payne inc -5.90%$ -5.904 millions
Magnolia Oil and Gas Corp-7.57%$ -7.568 millions
Gran Tierra Energy Inc -7.69%$ -7.686 millions
Marathon Petroleum Corporation-8.94%$ -8.937 millions
Imperial Oil Limited-9.30%$ -9.299 millions
Sm Energy Co-9.32%$ -9.324 millions
Delek Us Holdings Inc -9.60%$ -9.602 millions
Nacco Industries Inc -9.85%$ -9.853 millions
Alliance Resource Partners Lp-10.75%$ -10.747 millions
Valaris Limited-11.08%$ -11.083 millions
Exxon Mobil Corporation-11.62%$ -11.616 millions
Ncs Multistage Holdings Inc -12.29%$ -12.290 millions
Liberty Energy Inc -12.29%$ -12.291 millions
Occidental Petroleum Corporation-12.74%$ -12.739 millions




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com