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Omni-Lite Industries Canada Inc.

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Market Data: Yahoo Finance, Bloomberg

Report Link: Research Update Released (Dated 11/01/2016)

Symbol: OLNCF
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $1.40
Time Horizon: 12 Months
Rating Established: July 12, 2016
Price When Established: $1.20
Most Recent Report: November 1, 2016
Price When Issued: $1.29


What's New

Omni-Lite Announces 2016 Revenue, New Orders, and Progress on Conversion of Forging System

On February 6, 2017, Omni-Lite Industries Canada, Inc. (OTC: OLNCF) announced that 2016 revenue is expected to be approximately $7.2 million. Production rose to 110 million components in 2016 for an 8% increase over 2015. 1Q17 revenue is expected to be positively impacted from the restart of deliveries on a military contract that was announced last year.

New orders, totaling $1 million, are comprised of 54% in the aerospace division, 41% in the specialty automotive division, and 5% in the sports and recreational division.

Omni-Lite is currently converting one of its forming machines to operate at elevated temperatures. This is anticipated to open new markets for modern aircraft, automobiles, and other transportation systems that demand lighter and stronger components in their design. The first tests of this system on aerospace titanium is anticipated to begin approximately March 15, 2017.


Omni-Lite Announces New Orders and Progress on Military Program

On November 30, 2016, Omni-Lite Industries Canada, Inc. (OTC: OLNCF) announced new orders of over $916,000 bringing the total value of new orders in 2016 to over $7.7 million.

The company also announced it received notice from a large military customer that a key product developed in a critical program has passed the tests required before a contract can be awarded and production can begin.

Omni-Lite is currently converting one of its forming machines to operate at elevated temperatures. This is anticipated to open new markets for modern aircraft, automobiles, and other transportation systems that demand lighter and stronger components in their design.


Company Description

Headquartered in Cerritos, CA, Omni-Lite Industries Canada Inc. is a research and development company specializing in the manufacture of precision components forged from advanced composite and other alloyed materials.


Company Reports

Updated Research Report (Dated November 1, 2016)

Updated Research Report (Dated August 29, 2016)

Initial Research Report (Dated July 12, 2016)


Disclaimer

The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statements are the opinion of Taglich Brothers, Inc. and are not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in the reports are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. All research issued by Taglich Brothers, Inc. is based on public information. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with Omni-Lite Industries Canada, Inc. and was not a manager or co-manager of any offering for the company within the last three years.