OFLX Q3 2023 Earnings — Omega Flex, Inc. Revenue & Financial Results | Market Cap Arena

OFLXOmega Flex, Inc.

$295M

Q3 2023 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$27M-13.1% YoY

Gross Profit

$17M61.6% margin

Operating Income

$7M24.9% margin

Net Income

$6M20.3% margin

EPS (Diluted)

$0.55

QoQ Revenue Growth

+6.4%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$1M

Stock-Based Comp.

-$144,000

Balance Sheet

Total Assets

$96M

Total Liabilities

$18M

Stockholders' Equity

$77M

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$27M	$32M	-13.1%
Gross Profit	$17M	$20M	-14.2%
Operating Income	$7M	$9M	-20.6%
Net Income	$6M	$7M	-14.7%