Omnitek Engineering Corp.
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Omnitek Engineering Corp.'s past years’ income statements indicate that its last revenue has decreased compared to the previous period by 1% to $1,055,314. Profit margin reached -20%. Total operating expenses were $606,794.
Profit Margin
| 2014 | 1.48M | -1.82M | -123.09% |
|---|---|---|---|
| 2015 | 1.79M | -1.00M | -56.15% |
| 2016 | 1.30M | -901.39K | -68.91% |
| 2017 | 1.07M | -1.03M | -96.47% |
| 2018 | 1.28M | -468.40K | -36.43% |
| 2019 | 964.40K | -720.42K | -74.7% |
| 2020 | 875.99K | -489.71K | -55.9% |
| 2021 | 1.09M | 17.40K | 1.59% |
| 2022 | 1.07M | -196.70K | -18.37% |
| 2023 | 1.05M | -215.40K | -20.41% |
OMTK Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.05M | 1.07M | 1.09M | 875.99K | 964.40K | 1.28M | 1.07M | 1.30M | 1.79M | 1.48M |
Cost of revenue | 644.66K | 649.42K | 621.65K | 588.94K | 796.94K | 784.89K | 905.15K | 775.99K | 1.03M | 852.35K |
Gross profit | 410.65K | 421.36K | 475.80K | 287.05K | 167.46K | 500.79K | 169.06K | 532.10K | 761.14K | 633.46K |
Operating exp. | ||||||||||
Research and development | 67.57K | 66.44K | 63.82K | 82.05K | 106.91K | 106.89K | 118.94K | 187.10K | 295.19K | 600.09K |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 606.79K | 595.78K | 665.3K | 754.26K | 867.08K | 925.94K | 1.19M | 1.43M | 1.76M | 2.52M |
Operating income | -196.14K | -174.42K | -189.49K | -467.21K | -699.62K | -425.15K | -1.02M | -899.99K | -1.00M | -1.88M |
Other income (expenses), net | -18.46K | -21.48K | 207.70K | -21.69K | -19.99K | -24.57K | -8.68K | 5.57K | 2.31K | 59.11K |
Income before tax | -214.60K | -195.90K | 18.20K | -488.91K | -719.62K | -467.60K | -1.03M | -900.59K | -1.00M | -1.82M |
Income tax expense | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 |
Net income | -215.40K | -196.70K | 17.40K | -489.71K | -720.42K | -468.40K | -1.03M | -901.39K | -1.00M | -1.82M |
Earnings per share | ||||||||||
Basic EPS | -0.00 | -0.00 | 0.00 | -0.02 | -0.03 | -0.02 | -0.05 | -0.04 | -0.05 | -0.09 |
Diluted EPS | -0.00 | -0.00 | 0.00 | -0.02 | -0.03 | -0.02 | -0.05 | -0.04 | -0.05 | -0.09 |
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