|Bid||0.7900 x 0|
|Ask||0.8700 x 0|
|Day's Range||0.8500 - 0.8500|
|52 Week Range||0.6500 - 1.2800|
|Beta (5Y Monthly)||0.79|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 17, 2012|
|1y Target Est||2.00|
Omni-Lite Industries Canada Inc. (the “Company”) is pleased to announce today that it received a new follow-on order valued in excess of US$200,000 from a premier US defense contractor in support of Patriot Advanced Capability Interceptor (PAC-3). The Company will produce advanced high-speed analog electronic components under this award and expect to deliver over the next 16 months. Omni-Lite Industries Canada Inc. is an innovative company that develops and manufactures mission critical, precision components utilized by Fortune 100 companies in the aerospace and defense industries.
Omni-Lite Industries Canada Inc. (the “Company”) (TSXV: OML; OTCQX: OLNCF) reported financial and operating results for the first quarter of fiscal 2020, ended March 31, 2020. First quarter fiscal 2020 revenue was US$2,144,870, representing a 12% decrease compared to first quarter of fiscal 2019 revenue of US$2,444,525, and US$2,176,487, or a 1.5% decline, for the fourth quarter fiscal 2019. First quarter fiscal 2020 Adjusted EBITDA(1) was US$196,683, a decrease of 73% compared to US$730,783 for first quarter fiscal 2019, and US$(121,084) , or US$317,767 increase, for the fourth quarter fiscal 2019.
The increase in revenue was attributable to increased aerospace fastener product sales and the contribution from the Monzite subsidiary. Adjusted EBITDA(1) was approximately US$960,000, a US$300,000 decrease for the 2018 year end results which was attributable to the Company’s significant investments made in senior management, business development, new product development activities, and product mix. Bookings in aerospace fastener products were up 40% year-over-year.
Omni-Lite Industries Canada Inc. (the “Company” or “Omni-Lite”; TSXV: OML), a leading developer and manufacturer of mission critical, precision components utilized by Fortune 100 companies in the defense and aerospace industries, today announced that it has received loan proceeds in the amount of $818,700 (the “PPP Funds”) and entered into a loan agreement with City National Bank pursuant to the Paycheck Protection Program (“PPP”). The PPP was established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) in order to enable small businesses to pay employees during the economic slowdown caused by COVID-19 by providing forgivable loans to qualifying businesses for up to 2.5 times their average monthly payroll costs.
Omni-Lite Industries Canada Inc. (the “Company” or “Omni-Lite”; TSXV: OML), a leading developer and manufacturer of mission critical, precision components utilized by Fortune 100 companies in the defense and aerospace industries, today announced an update on the status of the filing of its 2019 year-end financial results and accompanying management's discussion and analysis for the financial year ended December 31, 2019 (collectively, the "Annual Filings"), which are initially required to be filed by April 29, 2020. On March 23, 2020, the Commission and other securities regulators substantively harmonized temporary exemptions from certain regulatory filing requirements that provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 to allow issuers the time needed to focus on the many other business and financial reporting implications of COVID-19.
Omni-Lite Industries Canada Inc. (CVE:OML) shareholders should be happy to see the share price up 10% in the last...
Omni-Lite Industries Canada Inc. (the “Company” or “Omni-Lite”; TSXV: OML), a leading developer and manufacturer of mission critical, precision components utilized by Fortune 100 companies in the defense and aerospace industries, today provided a business update against the backdrop of the continued spread of the coronavirus outbreak (COVID-19) and its evolving impact on the global community. The Company’s operations are deemed an “Essential Critical Infrastructure Business” in accordance with the applicable governing authorities. The Company continues to provide unwavering support and execution of its programs for its key customers with our critical and specialized manufacturing operations and is monitoring the guidance disseminated by, among others, the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO), and the Occupational Safety and Health Administration (OSHA).
Omni-Lite Industries Canada, Inc. (the “Company” or “Omni-Lite Industries”) (TSXV: OML; OTCQX: OLNCF) is pleased to announce today the successful refinancing of its current US$700,000 senior bank credit facility with the entering of a new three-year, US$3.0 million revolving line of credit facility with City National Bank, an RBC Company. Proceeds from the initial drawdown were used to repay in full and terminate the Company’s existing line of credit agreement.
Omni-Lite Industries Canada Inc. (the “Company”) (TSXV: OML; OTCQX: OLNCF) announces the grant of 575,000 incentive stock options to certain directors, officers and employees of the Company. The options were granted pursuant to the Company’s Stock Option Plan, which received shareholder approval at the Annual General and Special Meeting held on October 30, 2019. The options will vest over three years, expire after a five-year period and are subject to TSX Venture Exchange requirements.
Omni-Lite Industries Canada Inc. (the “Company”) (TSXV: OML; OTCQX: OLNCF) reported financial and operating results for its third quarter ended September 30, 2019. Full financial statements can be found on sedar.com or on our website at www.Omni-Lite.com.
OTCQX: OLNCF) announces today that David Robbins has been named President of the Company, in addition to his current role as Chief Executive Officer, effective immediately. David Robbins has served as CEO and Director of Omni-Lite since September 2018. Mr. Robbins will succeed Mr. Allen Maxin as President.
Every investor in Omni-Lite Industries Canada Inc. (CVE:OML) should be aware of the most powerful shareholder groups...
OTCQX: OLNCF) reported financial and operating results for the second quarter of fiscal 2019, ended June 30, 2019. Second quarter fiscal 2019 revenue was US$2.6 million, representing a 59% increase compared to second quarter of fiscal 2018 of US$1.6 million. The second quarter fiscal 2019 increase included contributions from the Monzite acquired business, and growth of the Company’s aerospace and defense business.