OFLX Q2 2023 Earnings — Omega Flex, Inc. Revenue & Financial Results | Market Cap Arena

OFLXOmega Flex, Inc.

$295M

Q2 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$26M-18.6% YoY

Gross Profit

$16M61.2% margin

Operating Income

$6M21.4% margin

Net Income

$5M17.6% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

-13.8%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$8M

Stock-Based Comp.

$20,000

Balance Sheet

Total Assets

$94M

Total Liabilities

$19M

Stockholders' Equity

$75M

Cash & Equivalents

$40M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$26M	$32M	-18.6%
Gross Profit	$16M	$21M	-24.0%
Operating Income	$6M	$7M	-24.8%
Net Income	$5M	$5M	-16.4%