Company Quick10K Filing
On Track Innovations
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 41 $17
10-K 2020-03-24 Annual: 2019-12-31
10-Q 2019-11-13 Quarter: 2019-09-30
10-Q 2019-08-13 Quarter: 2019-06-30
10-Q 2019-05-14 Quarter: 2019-03-31
10-K 2019-03-25 Annual: 2018-12-31
10-Q 2018-11-14 Quarter: 2018-09-30
10-Q 2018-08-15 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
10-K 2018-03-29 Annual: 2017-12-31
10-Q 2017-11-14 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-15 Quarter: 2017-03-31
10-K 2017-03-28 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-15 Quarter: 2016-06-30
10-Q 2016-05-16 Quarter: 2016-03-31
10-K 2016-03-28 Annual: 2015-12-31
10-Q 2015-11-16 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-03-30 Annual: 2014-12-31
10-Q 2014-11-12 Quarter: 2014-09-30
10-Q 2014-08-14 Quarter: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-K 2014-03-31 Annual: 2013-12-31
20-F 2013-04-30 Annual: 2012-12-31
20-F 2012-04-11 Annual: 2011-12-31
20-F 2011-03-30 Annual: 2010-12-31
20-F 2010-03-31 Annual: 2009-12-31
8-K 2020-03-18 Earnings, Exhibits
8-K 2020-01-21 Officers
8-K 2019-12-23 Enter Agreement, Sale of Shares, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-11-05 Officers, Exhibits
8-K 2019-10-22
8-K 2019-10-03 Officers
8-K 2019-09-27 Shareholder Vote
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-07-24 Officers
8-K 2019-06-11 Officers, Exhibits
8-K 2019-05-24 Enter Agreement, Off-BS Arrangement
8-K 2019-05-14 Accountant, Shareholder Vote
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-04-03 Accountant, Exhibits
8-K 2019-03-13 Earnings, Exhibits
8-K 2019-01-07 Other Events
8-K 2018-12-03 Enter Agreement
8-K 2018-11-20 Officers
8-K 2018-11-20 Shareholder Vote
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-10-24
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-03-21 Earnings, Exhibits
8-K 2018-03-01 Officers

On Track Innovations Financials

OTIV Metrics, Comps, Filings

Annual | Quarterly

Business

We are a fintech pioneer and a leading developer of cutting-edge secure cashless payment solutions providing global enterprises with innovative technology for almost three decades. We operate in two main segments: (1) Retail and Mass Transit Ticketing; and (2) Petroleum. In addition to our two reportable segments, certain products for the medical industry and other secure smart card solutions were classified under “Other” in segment analysis in previous reports. However, on December 3, 2018, we together with our wholly owned subsidiary, OTI Petrosmart (PTY) Limited, entered into an agreement with Smart Applications International Ltd., or SMART, to sell all of the assets related to our MediSmart division (for certain products for the medical industry) to SMART for $2.75 million in cash, or the MediSmart Transaction. The MediSmart Transaction closed on December 31, 2018 and therefore in this Annual Report we provide information only with respect to our two current segments, Retail and Mass Transit Ticketing; and Petroleum.

Our vision is to strengthen our global presence with innovative solutions and provide our customers with the best possible support in superior service and reliable advanced products.

Our IP portfolio includes registered patents and patent applications worldwide. Since our incorporation in 1990, we have built an international reputation for reliability and innovation, deploying many solutions for unattended retail, mass transit, banking, medical smart card, Internet of Payment Things, or IoPT, and the petroleum management industries. As described above, upon the closing of the MediSmart Transaction, we sold our intellectual property related to our medical smart card business.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Everspin Technologies (MRAM) 121,088 46% -7.9 -45% 37,476 18,829 42,471 19,646 -17,035 -14,584 115,434
Kopin (KOPN) 92,721 5% -2.3 -63% 58,358 16,384 27,520 1,439 -36,650 -35,247 80,586
Emcore (EMKR) 87,430 22% -3.3 -21% 126,656 36,049 88,206 19,749 -26,895 -20,230 66,769
Atomera (ATOM) 86,053 81% -4.9 -70% 19,801 1,344 291 236 -13,802 -13,764 66,935
Sequans Communications (SQNS) 76,733 0% 62,574 0 0 0 0 76,733
QuickLogic (QUIK) 69,673 53% -2.9 -36% 40,131 20,269 12,024 6,416 -14,435 -14,355 41,522
Resonant (RESN) 64,309 0% -2.0 -154% 18,057 5,901 440 0 -27,783 -26,831 53,809
Supercom (SPCB) 58,936 0% 54,198 21,491 0 0 0 0 57,899
Intermolecular (IMI) 57,720 72% -7.2 -24% 45,278 17,495 25,452 18,425 -10,879 -7,731 55,560
Emagin (EMAN) 24,586 15% -5.2 -22% 28,661 10,867 23,775 3,469 -6,172 -4,186 21,781
LightPath Technologies (LPTH) 24,265 37% 14.9 -6% 45,973 12,514 33,749 12,519 -2,680 1,689 25,242
Summit Wireless (WISA) 23,476 1% -0.8 -649% 6,157 2,204 1,529 12 -39,980 -25,745 20,154
Rubicon Technology (RBCN) 22,336 15% 38.2 0% 34,939 1,561 2,667 404 73 328 12,530
On Track Innovations (OTIV) 17,356 62% -17.7 -10% 22,419 12,744 14,423 8,896 -2,294 -774 13,703
SemiLEDS (LEDS) 11,305 -1% -5.6 -34% 11,184 8,574 6,297 -82 -3,811 -2,752 15,482
Mosys (MOSY) 7,782 62% -0.1 -106% 11,497 4,318 14,380 8,886 -12,165 -11,520 1,410
SPI Energy (SPI)
Canaan (CAN)
Ameri Holdings (AMRH)
ASE Technology Holding (ASX) 0% 534,061,927 315,034,005 0 0 0 0 -0

Balance Sheet ($'000)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash14,9625,3515,4505,9526,742278
Accounts Receivable5,1344,2992,4185,6205,8274,530
Inventory3,4773,7033,3303,0693,0093,527
PP&E22,2929,2348,6685,7885,8595,033
Assets46,09637,38128,66228,70527,57022,122
Accounts Payable9,2557,3065,4416,9576,2644,712
Long-Term Debt4,2162,9963,3951,8271,400299
Liabilities27,69217,49815,83916,54715,1199,931
Stockholders' Equity18,94920,38614,64212,15812,45112,191
Income Statement ($'000)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue15,06717,28613,12314,72117,29921,878
Cost of Revenue9,14012,0069,72110,36110,99610,710
Gross Profit10,72811,05610,14010,20311,38611,168
R&D4,8684,6643,6482,8103,3053,175
SG&A14,85914,37211,9759,0459,2669,911
Tax1943202774-301
Net Income-3,151-9,882-7,239-860-598-263
Cash Flow ($'000)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-10,586-9,622-4,494-2,142-2,288-2,182
Cash Investing6,998-10,0253,7841,2621,793815
Cash Financing1,76310,417311-359-875-4,584