Omnitek Engineering Corp. engages in the development and sale of proprietary technology to convert diesel engines to an alternative fuel, natural gas engines and complementary products. Its product application includes stationary applications, global transportation industry, which includes light commercial vehicles, minibuses, heavy-duty-trucks, municipal buses, as well as rail and marine applications. The company was founded on May 2001 and is headquartered in Vista, CA.
Company profile
Ticker
OMTK
Exchange
Website
CEO
Werner Funk
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Icahn Enterprises • Magna International • Aptiv • Adient • Lear • Autoliv • BorgWarner • Visteon • Dana • Allison Transmission ...
SEC CIK
OMTK stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
22 Jul 24
PRE 14A
Preliminary proxy
9 Jul 24
10-Q
2024 Q1
Quarterly report
17 May 24
8-K
Entry into a Material Definitive Agreement
8 May 24
NT 10-Q
Notice of late quarterly filing
8 May 24
10-K
2023 FY
Annual report
15 Apr 24
NT 10-K
Notice of late annual filing
13 Mar 24
10-Q
2023 Q3
Quarterly report
20 Nov 23
NT 10-Q
Notice of late quarterly filing
9 Nov 23
8-K
Submission of Matters to a Vote of Security Holders
15 Sep 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 20.20 k | 20.20 k | 20.20 k | 20.20 k | 20.20 k | |
Cash burn (monthly) | (no burn) | 22.15 k | 5.54 k | 17.83 k | 4.46 k | |
Cash used (since last report) | n/a | 85.61 k | 21.40 k | 68.92 k | 17.23 k | |
Cash remaining | n/a | -65.41 k | -1.20 k | -48.71 k | 2.97 k | |
Runway (months of cash) | n/a | -3.0 | -0.2 | -2.7 | 0.7 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Apr 24 | Funk Werner | Stock Option Common Stock | Grant | Acquire A | No | No | 0.0176 | 50,000 | 880.00 | 900,000 |
25 Apr 24 | Maier Gary S | Stock Option Common Stock | Grant | Acquire A | No | No | 0.016 | 50,000 | 800.00 | 350,000 |
25 Apr 24 | Palumbo John M | Stock Option Common Stock | Grant | Acquire A | No | No | 0.016 | 50,000 | 800.00 | 350,000 |
9 Feb 24 | Funk Werner | Stock Option Common Stock | Dispose E | No | No | 0.18 | 50,000 | 9.00 k | 900,000 | |
9 Feb 24 | Funk Werner | Stock Option Common Stock | Dispose E | No | No | 0.18 | 555,556 | 100.00 k | 900,000 | |
9 Feb 24 | Maier Gary S | Stock Option Common Stock | Dispose E | No | No | 0.164 | 50,000 | 8.20 k | 350,000 | |
9 Feb 24 | Palumbo John M | Stock Option Common Stock | Dispose E | No | No | 0.164 | 50,000 | 8.20 k | 350,000 |