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Complete financial analysis of OmniLit Acquisition Corp. (OLIT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of OmniLit Acquisition Corp., a leading company in the Shell Companies industry within the Financial Services sector.
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OmniLit Acquisition Corp. (OLIT)
Industry: Shell Companies
Sector: Financial Services
About OmniLit Acquisition Corp.
OmniLit Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on transactions with companies and/or assets within the photonics or optics, and related sectors. The company was incorporated in 2021 and is based in Miami Beach, Florida.
| Metric | 2022 | 2021 |
|---|---|---|
| Revenue | 0.00 | 0.00 |
| Cost of Revenue | 787.64K | 0.00 |
| Gross Profit | -787.64K | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 |
| SG&A | 787.64 | 293.43 |
| Other Expenses | 787.64K | -171.17K |
| Operating Expenses | 787.64K | 293.43 |
| Cost & Expenses | 787.64K | 293.43 |
| Interest Income | 2.08K | 2.88 |
| Interest Expense | 0.00 | 0.00 |
| Depreciation & Amortization | 228.49K | 1.68K |
| EBITDA | -787.64K | 2.88 |
| EBITDA Ratio | 0.00% | 0.00% |
| Operating Income | -787.64K | -293.43 |
| Operating Income Ratio | 0.00% | 0.00% |
| Total Other Income/Expenses | 2.08M | 2.88 |
| Income Before Tax | 1.29M | -290.55 |
| Income Before Tax Ratio | 0.00% | 0.00% |
| Income Tax Expense | 445.79K | -1.68K |
| Net Income | 847.62K | -290.55 |
| Net Income Ratio | 0.00% | 0.00% |
| EPS | 0.05 | -0.02 |
| EPS Diluted | 0.05 | -0.02 |
| Weighted Avg Shares Out | 18.77M | 18.71K |
| Weighted Avg Shares Out (Dil) | 18.77M | 18.71K |
Correction: Syntec Optics, Inc., a Leading Advanced Manufacturing Company, Completes Business Combination with OmniLit (Nasdaq: OLIT) and will Commence Trading on Nasdaq Under Ticker Symbol “OPTX”
ROCHESTER, NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Syntec Optics, Inc., an industry leader in ultra-high precision optics and photonics, announced today that it completed its business combination with OmniLit Acquisition Corp. (“OLIT”) on November 7, 2023. The combined...
Syntec Optics, Inc., a Leading Advanced Manufacturing Company, Completes Business Combination with OmniLit (Nasdaq:OLIT) and Will Commence Trading on Nasdaq Under Ticker Symbol “OPTX”
ROCHESTER, NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Syntec Optics, Inc., an industry leader in ultra-high precision optics and photonics, announced today that it completed its business combination with OmniLit Acquisition Corp. (“OLIT”) on November 7, 2023. The combined...
Syntec Optics, Inc. Listing on Nasdaq via Merger with OmniLit (Nasdaq: OLIT) Announces NASDAQ Opening Bell Ringing to Celebrate
ROCHESTER, NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Syntec Optics, Inc., maker of the leading mission-critical optics and photonics, announced today that the company will ring the opening Nasdaq bell on Wednesday, November 8, 2023, to celebrate its initial...
Why Is OmniLit Acquisition (OLIT) Stock Up 61% Today?
OmniLit Acquisition (NASDAQ: OLIT ) stock is rocketing higher on Thursday after announcing the results of its annual shareholder meeting. That annual shareholder meeting resulted in investors in the company voting on several matters that are important to its future.
OmniLit Acquisition Corp. Shareholders Approve Syntec Optics Merger
MIAMI BEACH, FLORIDA, Oct. 31, 2023 (GLOBE NEWSWIRE) -- OmniLit Acquisition Corp. (“OLIT”) (Nasdaq: OLIT), a publicly traded special purpose acquisition company, today announced that its shareholders voted to approve the previously announced business combination with Syntec Optics, Inc. (“Syntec...
Syntec Optics, Pioneering Revolutionary Space Economy, to List on Nasdaq via Merger with OmniLit (Nasdaq: OLIT)
Syntec Optics expands U.S. manufacturing capacity in Rochester NY to meet game-changing Low Earth Orbit Satellite Mega-Constellation launch schedule Syntec Optics expands U.S. manufacturing capacity in Rochester NY to meet game-changing Low Earth Orbit Satellite Mega-Constellation launch schedule
Syntec Optics, Merging with OmniLit (Nasdaq: OLIT), to Exhibit at SPIE Optifab 2023
Syntec Optics showcases latest optical manufacturing innovations in products and services. Syntec Optics showcases latest optical manufacturing innovations in products and services.
Syntec Optics, Merging with OmniLit (Nasdaq: OLIT), Reshores Night Vision Optics
Syntec leverages its manufacturing capabilities in Rochester, NY to address increasing demand for U.S.-produced night vision lens-systems. Syntec leverages its manufacturing capabilities in Rochester, NY to address increasing demand for U.S.-produced night vision lens-systems.
OmniLit Acquisition Corp. (Nasdaq: OLIT) Announces Effectiveness of Registration Statement and October 31, 2023 Annual Meeting of Stockholders to Approve Business Combination with Syntec Optics, Inc.
MIAMI BEACH, FLORIDA , Oct. 06, 2023 (GLOBE NEWSWIRE) -- OmniLit Acquisition Corp. (“OmniLit”) (Nasdaq: OLIT), a publicly traded special purpose acquisition company, today announced that OmniLit's registration statement on Form S-4, relating to the previously announced business combination between...
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Category: Stock Reports