Filing Flows › Omnitek Engineering (OMTK) › Q4 2024
Omnitek Engineering (OMTK) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Omnitek Engineering (OMTK) reported revenue of $238K for the fourth quarter 2024 (Q4 2024), -31% from a year earlier and -14% from the quarter before. Operating margin was 2.5%, net earnings $41K (17.0% of revenue).
Omnitek Engineering, Q4 2024: revenue $238K (-30% year over year), operating margin 2.5%, net earnings $41K, operating cash flow $56K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $238K | -14% | -31% |
| Gross profit | $142K | +17% | +27% |
| Operating profit | $6K | — | — |
| Net earnings | $41K | — | — |
| Operating cash flow | $56K | 18× | -31% |
What changed
Revenue was $238K in Q4 2024, down 31% year over year and down 14% from the previous quarter. Filters was the largest line at 51% of revenue.
Gross margin was 59.6%, up 26.9 points from a year earlier. Operating profit was $6K, a 2.5% margin (up 9.6 points year over year). Operating expenses fell 0% while revenue fell 31%. The fastest-growing cost line was Other operating costs (+8756%). Net earnings were $41K. The effective tax rate was 0.0%. Non-operating items added $35K, 85% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $56K (down 31% year over year), 139% of net earnings. Non-cash charges added back $1K of depreciation. Working capital and other items added $15K.
Questions
What was Omnitek Engineering's revenue in the fourth quarter 2024?
Omnitek Engineering (OMTK) reported revenue of $238K for the fourth quarter 2024 (Q4 2024), -31% from a year earlier and -14% from the quarter before.
Was Omnitek Engineering profitable in the fourth quarter 2024?
Operating profit was $6K (2.5% of revenue) and net earnings $41K.