Omni-Lite Industries Reports Q1 Revenue Up 30 Percent and Operating Cash Flow Up 360 Percent

About this update from Omni-lite Industries Canada Inc.

[{"type":"text","content":"\n\n\nOMNI-LITE INDUSTRIES CANADA INC.\nOML-TSX VENTURE\n\n\nCERRITOS, CA, June 4, 2014 /CNW/ - For the three months ended March 31,\n 2014 Omni-Lite Industries Canada Inc. is pleased to report revenue of\n $1,373,325 US ($1,518,637 CAD) and cash flow from operations(1) of $375,636 US ($415,382 CAD). Over the same period last year, revenue\n and cash flow from operations were up 30 percent and 360 percent\n respectively. Net income was $42,599 US ($47,106 CAD). Gross margin\n increased from 54 percent to 60 percent over the same period.\n\n\n\n\n\nSUMMARY OF THREE MONTH FINANCIAL HIGHLIGHTS (US $)\n\n\n\n\nBasic Weighted Average Shares \nIssued And Outstanding: \n12,208,665\n\n\nFor the period   \nended March 31, \n2014\n\n\nFor the period   \nended March 31, \n2013\n\n\n%\nIncrease\n(Decrease)\n\n\n\n\n\nRevenue\n\n\n\n\n$1,373,325\n\n\n$1,055,939\n\n\n30%\n\n\n\n\nCash flow from operations(1)\n\n\n375,636\n\n\n81,612\n\n\n360%\n\n\n\n\nNet income \n\n\n42,599\n\n\n(60,829)\n\n\n-\n\n\n\n\n(Note: at 3/31/14, $1US = $1.10581 CAD; 3/31/13, $1US = $1.01707 CAD\n\n\n\n\n\n\"The improved revenues, gross margins, and cash flows measured in Q1 are\n the result of strong growth in the Aerospace and Specialty Automotive\n divisions,\" stated David F. Grant, CEO. \"The financial benefits of the\n three military programs recently announced will accrue in the second\n quarter as these programs are completed.\"\n\n\nQuarterly Information\n\n\nThe following table summarizes the Company's financial performance over\n the last eight quarters.\n\n\n\n\n\n\n\n \n\n\nMar\n31/2014\n\n\nDec\n31/2013\n\n\nSep\n30/2013\n\n\nJun\n30/2013\n\n\nMar\n31/2013\n\n\nDec\n31/2012\n\n\nSep\n30/2012\n\n\nJun\n30/2012\n\n\n\n\nRevenue\n\n\n1,373,325\n\n\n1,182,752\n\n\n1,667,030\n\n\n1,395,314\n\n\n1,055,939\n\n\n1,090,939\n\n\n1,525,127\n\n\n1,386,824\n\n\n\n\nCash flow from operations(1)\n\n\n375,636\n\n\n53,130\n\n\n512,102\n\n\n342,092\n\n\n81,612\n\n\n(18,952)\n\n\n407,355\n\n\n313,234\n\n\n\n\nNet income (loss)\n\n\n42,599\n\n\n(254,297)\n\n\n316,596\n\n\n136,479\n\n\n(60,829)\n\n\n(173,132)\n\n\n140,134\n\n\n179,903\n\n\n\n\nE(L)PS - basic (US)\n\n\n.003\n\n\n(.021)\n\n\n.026\n\n\n.011\n\n\n(.005)\n\n\n(.013)\n\n\n.011\n\n\n.014\n\n\n\n\nE(L)PS - basic (CAD)\n\n\n.004\n\n\n(.022)\n\n\n.027\n\n\n.012\n\n\n(.005)\n\n\n(.014)\n...

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