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Omni-Lite Industries reports results for the second quarter of 2013

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OML-TSX VENTURE

CERRITOS, CA, Aug. 22, 2013 /CNW/ - 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.

THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN.

SOURCE Omni-Lite Industries Canada Inc.



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