Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Omni-Lite Industries Canada Inc V.OML

Alternate Symbol(s):  OLNCF

Omni-Lite Industries Canada Inc. develops and manufactures mission-critical, precision components utilized by Fortune 100 companies in the aerospace, defense, industrial and energy industries. The Company has three business segments: forged, electronic and investment casting components. Its forged products business is conducted in Cerritos, California. Its electronics business is conducted in Nashua, New Hampshire, a value-added contract manufacturer of electronic components for electronic sensors serving the defense, aerospace, medical, and secure communications markets. Its investment castings business is conducted in Brampton, Ontario, where it manufactures ferrous, non-ferrous, and light-alloy investment castings of highly engineered, high-performance hardware and structural components for aerospace, defense, nuclear, and industrial applications. It has developed patented technologies for transferring products through multi-die machines with segmented tooling.


TSXV:OML - Post by User

Comment by Venture100on May 02, 2007 9:39pm
221 Views
Post# 12715767

RE: bad quarter

RE: bad quarterThe inventories were up about 300,000 which offsets most of the loss in cash. Their is a large increase in business and admin. Overall revenue growth was less than expected for 2006 at 15%. The 4th quarter revenue dropped 20% but since we already know that 1st quarter revenue is up 62% we are off to a good start for 2007. EPS should be about 4 cents in the 1st quarter. It was stated that gross margin will show improvement from the 4th quarter. Now the big thing will be contracts. Hopefully, the new potential customer worth 600,000 per year will be finalized. This would represent over 10% of revenue and increase our diversification.
Bullboard Posts