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

OML-TSX VENTURE

CERRITOS, CA, Dec. 3, 2013 /CNW/ - For the nine months ended September 30, 2013 Omni-Lite Industries Canada Inc. is pleased to report revenue of $4,118,283 US ($4,241,461 CAD) and Cash Flow from Operations⁽¹⁾ of $935,806 US ($963,796 CAD). EBITDA over the nine months was $896,155 US ($922,959 CAD).  Net income was $392,246 US ($403,978 CAD).  Earnings per share in the first nine months of 2013 were $0.03 US ($0.03 CAD), based on the weighted average number of shares outstanding of 12,233,203.

SUMMARY OF NINE MONTH FINANCIAL HIGHLIGHTS (US $)

Basic Weighted Average Shares Issued And Outstanding: 12,233,203	For the period   ended September 30, 2013	For the period   ended September 30, 2012	% Increase (Decrease)
Revenue	$4,118,283	$4,279,595	(4%)
Cash flow from operations^(1)	935,806	1,044,116	(9%)
Net income	392,246	383,580	2%
EPS (US)	0.03	0.03	7%
EPS (CAD)	0.03	0.03	8%

(Note: at 09/30/13, $1US = $1.02991 CAD; 9/30/12, $1US = $0.98335 CAD

Revenue in the three month period ended September 30, 2013 was $1,667,030 US ($1,716,891 CAD).   Cash flow from operations⁽¹⁾ over the same period was $512,102 US ($527,419 CAD).  EBITDA over the period was $499,613 US ($514,556 CAD).  Net income in the third quarter was $316,596 US ($326,065 CAD).  Earnings per share in Q3 2013 were $0.03 US ($0.03 CAD), based on the weighted average number of shares outstanding of 12,213,128.

"The Company is pleased with the improvement of many of the financial metrics achieved in Q3 2013 as compared with Q3 2012. Revenue was up approximately 9% from $1,525,127 US ($1,499,734 CAD) to $1,667,030 US ($1,716,891 CAD). Equally important Net Income was up 126% year upon year and earnings per share were up 133%", stated David F. Grant, CEO.  "In other metrics of importance to a capital intensive company like Omni-Lite, cash flow was up 26% quarter to quarter and the gross margin improved from 54.8% to 60.4%."

SUMMARY OF THREE MONTH FINANCIAL HIGHLIGHTS (US $)

Weighted Average Shares Issued And Outstanding: 12,213,128	For the three months ended September 30, 2013	For the three months ended September 30, 2012	% Increase (Decrease)
Revenue	1,667,030	1,525,127	9%
Cash flow from operations^(1)	512,102	407,355	26%
Net Income	316,596	140,134	126%
EPS (US)	.026	.011	133%
EPS (CAD)	.027	.011	150%

(Note: at 09/30/13, $1US = $1.02991 CAD; 9/30/12, $1US = $0.98335 CAD

Quarterly Information

The following table summarizes the Company's financial performance over the last eight quarters.

	Sep 30/2013	Jun 30/2013	Mar 31/2013	Dec 31/2012	Sep 30/2012	Jun 30/2012	Mar 31/2012	Dec 31/2011
Revenue	1,667,030	1,395,314	1,055,939	1,090,939	1,525,127	1,386,824	1,367,644	1,098,466
Cash flow from operations^(1)	512,102	342,092	81,612	(18,952)	407,355	313,234	323,527	110,268
Net income (loss)	316,596	136,479	(60,829)	(173,132)	140,134	179,903	63,543	996,036
E(L)PS - basic (US)	.026	.011	(.005)	(.013)	.011	.014	.005	.076
E(L)PS - basic (CAD)	.027	.012	(.005)	(.014)	.011	.014	.005	.081
E(L)PS - diluted (US)	.026	.011	(.005)	(.014)	.011	.014	.005	.074
E(L)PS - diluted (CAD)	.027	.012	(.005)	(.014)	.011	.014	.005	.079

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE: Omni-Lite Industries Canada Inc.

Mr. Tim Wang, CFO
Tel. No.  [phone] or [phone] (Canada and USA)
Fax. No. [phone], email: [email protected]

Website:  www.omni-lite.com