OurPet’s Company (OTCMKTS:OPCO) Climbs to New Highs on Record Revenues

OurPet’s Company (OTCMKTS:OPCO) is a leading supply company in the pet industry. Recently it reported record results for the fourth quarter 2015 and full-year 2015 results. The stock has surpassed its prior high and set a new 52-week high at $1.05. OPCO gained 5% for the day on light trading volume. The stock is thinly traded with the daily average volume only hitting about 6,000 shares.

OPCO reported a very strong quarter and year. Net income increased 10% to a record $0.45 million for the 2015 fourth quarter from $0.41 million for the same period in 2014. For the 2015 full-year, net income increased by almost 74% to a record $1.34 million from $0.77 the prior year. Net income was $0.02 for both fourth quarter periods and increased to a full-year record $0.07 in 2015 from $0.04 in 2014. The 2015 fourth quarter and full-year results benefited from specific management initiatives that resulted in lower fixed costs, lower product costs and lower selling, general and administrative expenses.

Since 2011, revenues have climbed every year and posted record results. This year was no exception. In 2012, it posted EPS of $0.01 for the FY and today has posted $0.07 for the FY which is 7 times larger. The company has taken on some dilution in order to fund operations and new product development.

The CEO told investors, “Our record results for the 2015 fourth quarter and full-year reflect successful execution of our business strategy. We remain focused on growth initiatives in all three of our key product categories; feeding and storage, toys and accessories, and waste management and odor control. And we continue to grow our business in the Pet Specialty, Food, Drug and Mass Retail, and E-commerce sales channels. The 2015 fourth quarter sales benefited from a 27% increase in E-commerce sales and a 26% increase in waste and odor management sales compared to the same period a year ago. For the full year, sales in the Pet Specialty and E-commerce channels increased 12% and 6%, respectively, compared to 2014.”

OPCO is a leading company in the pet industry. Its core strategy is to focus on designing, producting, and marketing product offerings and accessories in the consumable pet market across the United States and overseas. It holds several website including www.ourpets.com and www.petzonebrand.com.

OPCO is currently trading at a $18 million market valuation. The company has set another record year in terms of financial performance yet the share price still remains at lower levels than its record highs. The company has announced several new products at the Global Pet Expo and should continue to see record setting performance.

We will be updating on OPCO when more details emerge so make sure you are subscribed to Microcapspot so you know what’s going on with OPCO.

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Disclosure: we hold no position in OPCO either long or short at the publication of this article.