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Omnitek Engineering Corp   (OMTK)
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Price: $0.0189 $0.00 0.000%
Day's High: $0.0189 Week Perf: 0.00
Day's Low: $ 0.02 30 Day Perf: 15.95 %
Volume (M): 0 52 Wk High: $ 0.04
Volume (M$): $ 0 52 Wk Avg: $0.02
Open: $0.02 52 Wk Low: $0.01



 Market Capitalization (Millions $) 0
 Shares Outstanding (Millions) 22
 Employees 11
 Revenues (TTM) (Millions $) 1
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Omnitek Engineering Corp

Omnitek Engineering, Corp., a California corporation, began operations on October 10, 2001, and was a spin-off from Nology Engineering, Inc., a manufacturer in the automotive aftermarket parts industry and the developer/manufacturer of the patented "HotWires" spark plug wires. We currently conduct our business activities at our offices at 1333 Keystone Way, Suite 101, Vista, California, 92081, which consists of approximately 25,000 square feet of industrial space.

Omnitek develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the Companys technology. Omnitek products are available for stationary applications (generator sets), the global transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications. The technology can be used for compressed natural gas ("CNG"), liquefied natural gas ("LNG"), or Biogas ("RNG").

As long as the prices for diesel fuel remains elevated, and the threat of climate change and air pollution remain a public concern, the search for cheaper and cleaner burning fuel alternatives becomes increasingly more important. Natural gas has emerged as an attractive option to address these challenges. Readily available in many countries from indigenous sources, natural gas is relatively inexpensive and clean burning compared with gasoline or diesel. We have developed a system that can be used to convert most diesel engines to be able to operate using natural gas at a cost lower than that required to purchase a new natural gas engine.

Engine conversions in the United States are subject to the U.S. Environmental Protection Agency ("EPA") approval and the cost for converting each engine model ranges from $15,000 to $35,000, depending on engine features, exclusive of the cost of the natural gas tank and labor. Engine conversions in certain foreign countries may require less sophisticated emission control components, resulting in substantially reduced costs ranging from $3,000 to $15,000, depending on the engine model and application, again exclusive of the fuel storage system and labor. During the past year, we have seen a shift in demand, from domestic to our international clients for engine conversions due primarily to lower oil prices. With the price disparity overseas between diesel and natural gas still a market driver, mostly as a result of higher taxes on diesel fuel, most of our business has been overseas. Additionally, we expect the 200-nation "Paris Agreement on Climate Change" to further increase demand for our technology, with foreign fleet conversions outpacing the domestic market until domestic oil prices begin to increase again. The Company believes it is well-positioned in both global and domestic markets to capitalize on the increasing awareness of environmental concerns, and believes it has a competitive advantage over new natural gas engines and other available technologies for the heavy-duty engine market.


Omnitek offers four main product lines at this time.

A conversion kit for converting rich-burn natural gas engines to lean-burn;
A conversion kit for converting diesel engines to run on natural gas;
New complete natural gas engines; and,
Natural gas components




   Company Address: 1345 Specialty Drive, Suite E Vista 92081 CA
   Company Phone Number: 591-0089   Stock Exchange / Ticker: OMTK
   OMTK is expected to report next financial results on April 16, 2024.


Customers Net Income fell by OMTK's Customers Net Profit Margin fell to

-43.51 %

2.99 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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• View Complete Report
   



Omnitek Engineering Corp

Omnitek Engineering Corp Reports Decline in Revenue for Fiscal Q3 2023



Omnitek Engineering Corp (OMTK) recently released its financial results for the fiscal interval ending September 30, 2023. The company experienced a decline in revenue, reflecting a challenging period compared to the previous reporting season. Additionally, OMTK reported a net deficit, although stockpiles increased. In this article, we will examine the financial results of OMTK and provide analysis on its implications within the Auto & Truck Parts sector.
Revenue contraction:
OMTK reported zero earnings per share for the current fiscal interval, the same as in the previous year. Sequentially, there was also no improvement in earnings compared to the preceding reporting season. Notably, the revenue contracted by 4.06% to $0.24 million from the $0.25 million reported during the same reporting period a year ago. Moreover, revenue decreased by 6.491% from $0.25 million sequentially.

Omnitek Engineering Corp

Omnitek Engineering Corp Soars Above Market Challenges, Achieving Remarkable Revenue Growth in Q2 2023

Omnitek Engineering Corp, a leading player in the Auto & Truck Parts industry, has showcased a remarkable performance in the April to June 30, 2023 financial time-frame. Despite challenging market conditions, Omnitek Engineering Corp has managed to achieve substantial growth and outperform its industry counterparts.
During this period, Omnitek Engineering Corp reported zero gain of $0.00 per share, which is consistent with the previous year. However, when compared to the prior reporting season, the company has maintained its position with no decline in per share earnings.

Omnitek Engineering Corp

Omnitek Engineering Corp Struggles in Volatile Market; Sees Dramatic -13% Revenue Plunge in Fiscal Reports Closing Mar 2023

Investors, take note: Omnitek Engineering Corp has announced its financial results for the interval closing March 31, 2023. While the company reached break-even at $0.00 per share, compared to the same period a year ago, it is important to acknowledge that revenue declined widely by -12.999% to $0.23 million from $0.26 million in the comparable reporting period. Sequentially, revenue tumbled by -34.181% from $0.34 million.
Despite the decline in revenue, the company's net shortfall has demonstrated improvement. Omnitek Engineering Corp reported a deficit of only $-0.060 million, instead of a deficit of $-0.073 million in the comparable reporting period a year ago.






 

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