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Development of Business 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. Our business is located at 1345 Specialty Dr. #E, Vista, California, 92081, which consists of app…
The business is unprofitable at the operating level (-5.92% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 42.2% YoY with margins expanding 8.6pp.
ROIC dropped from -36.63% to -39.77%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1M
▲ +42.2% YoY
Net Income (TTM)
$232K
▲ +263.7% YoY
Op. Margin
-10.05%
▲ +8.6pp YoY
ROIC
-91.65%
▼ -3.1pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
-$116K
▼ -912.4% YoY
Net Debt
-$35K
Net Cash Position
Cash & Equiv.
$79K
5Y CAGR: +10.6%
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