Financial Results - Omega Flex, Inc. reported its financial results for the three months ended March 31, 2024[3]. - The earnings release was issued on May 1, 2024, detailing the company's performance[3]. - The report includes a cover page interactive data file embedded within the Inline XBRL document[5]. - The press release is attached as Exhibit 99.1, providing detailed financial data[5]. Regulatory Information - The report is not deemed "filed" under the Securities Exchange Act of 1934, ensuring it is treated as "furnished" information[4]. - The company has not indicated if it is an emerging growth company[2]. Company Information - The company is listed on the NASDAQ Global Market under the trading symbol OFLX[2]. - The Chief Executive Officer, Dean W. Rivest, signed the report on May 1, 2024[9]. Performance Metrics - There are no specific performance metrics or financial figures disclosed in the provided content[3]. - The document does not include any information on future outlook, new products, or market expansion strategies[3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 FORM 10-K For the transition period from ________________________ to ______________________ Commission file number 000-51372 Omega Flex, Inc. (Exact name of registrant as specified in its charter) Pennsyl ...

Financial Results - Omega Flex, Inc. reported its financial results for the twelve months and three months ended December 31, 2023[4] - The earnings release was issued on March 6, 2024, detailing the company's performance[4] - The report includes key financial metrics, although specific figures are not provided in the extracted content[4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Omega Flex, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 23-1948942 (State or other jurisdiction of incorporation or organization) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fro ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to__________________ Commission File Number 000-51372 Omega Flex, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 23-19 ...

FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________________ to ______________________ Commission File Number 000-51372 Omega Flex, Inc. (Exact name of registrant as specified in its charter) Penns ...

Financial Performance - Net Sales for 2022 were $125,487,000, a decrease of $4,524,000 (3.5%) compared to $130,011,000 in 2021, primarily due to a decrease in unit volume[113] - Gross Profit margin for 2022 was 62.4%, slightly down from 62.7% in 2021, maintained despite rising material costs through price increases[114] - Operating Profit decreased by $4,046,000 (11.5%) to $31,016,000 in 2022 compared to $35,062,000 in 2021[118] - Retained earnings increased by $10,901,000 (21.8%) to $60,954,000 as of December 31, 2022, driven by net income growth[112] - Cash provided from operating activities decreased to $15,246,000 in 2022 from $25,149,000 in 2021, illustrating a decrease of $9,903,000[137] Cash and Liquidity - The company's cash balance increased by $4,790,000 (14.6%) to $37,703,000 as of December 31, 2022, primarily due to income generated from operations[104] - As of December 31, 2022, the Company had a cash balance of $37,703,000 and a $15,000,000 line of credit with no borrowings against it[135] - Cash used in investing activities was $942,000 in 2022, compared to $971,000 in 2021 and $564,000 in 2020, all related to capital expenditure projects[139] - Dividend payments amounted to $9,489,000 in 2022, down from $14,867,000 in 2021 and $11,306,000 in 2020[140] Accounts and Inventory Management - Accounts Receivable decreased by $3,223,000 (15.6%) to $17,503,000 as of December 31, 2022, attributed to greater cash collections from higher sales in the previous year's fourth quarter[105] - Inventory increased by $2,199,000 (14.1%) to $17,764,000 as of December 31, 2022, due to purchases made to ensure material availability amid supply chain challenges[106] Tax and Interest - Income tax expense decreased by $1,535,000 (17.3%) to $7,327,000 in 2022, with an effective tax rate of approximately 24%[121] - Interest income rose to $174,000 in 2022 from $35,000 in 2021, reflecting higher interest rates[119] - Income tax expense increased by $2,268,000 or 34.4% from 2020 to 2021, totaling $8,862,000 for 2021, with an effective tax rate of approximately 25% for both years[131] Obligations and Impairment - The Company's total contractual obligations as of December 31, 2022, were $16,755,000, including operating lease obligations of $447,000 and purchase obligations of $16,137,000[144] - The Company performed an annual goodwill impairment test as of December 31, 2022, which did not indicate any impairment, as the estimated fair value exceeded carrying value[152] Accounting Policies and Risk Management - The Company adopted ASU 2019-12, which did not have a material impact on its Consolidated Financial Statements[161] - The Company maintains allowances for credit losses based on historical loss experience and current market conditions, which could materially affect net earnings[150] - The Company does not engage in the purchase or trading of market risk sensitive instruments[162] - The Company does not have any positions with respect to hedge transactions such as forward contracts relating to currency fluctuations[162] - No market risk sensitive instruments are held for speculative or trading purposes[162] Expenses - Engineering expenses increased by $123,000 (2.7%) to $4,733,000 in 2022, representing 3.8% of net sales[117]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its charter) Pennsylvania 23-1948942 Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________________ to ______________________ Commission File Number 000- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________________ to ______________________ Commission File Number 000-51372 Omega Flex, Inc. (Exact name of registrant as specified in its charter) Pennsy ...

Financial Performance - Net sales for the three months ended March 31, 2022, were $31,293,000, an increase of 1.4% compared to $30,863,000 for the same period in 2021[14] - Gross profit for the same period was $19,115,000, a decrease of 2.3% from $19,559,000 in 2021[14] - Operating profit decreased to $7,366,000, down 11.5% from $8,319,000 in the prior year[14] - Net income attributable to Omega Flex, Inc. was $5,451,000, a decline of 13.0% compared to $6,267,000 in the previous year[14] - Basic and diluted earnings per common share were $0.54, down from $0.62 in the same quarter of 2021[14] - Net sales for Q1 2022 were $31,293,000, an increase of $430,000 or 1.4% from $30,863,000 in Q1 2021, driven by pricing actions to offset material cost pressures[123] - Gross profit margin decreased to 61.1% in Q1 2022 from 63.4% in Q1 2021, impacted by higher material prices[124] - Operating profit for Q1 2022 was $7,366,000, down by $953,000 or 11.5% from $8,319,000 in Q1 2021[128] Assets and Liabilities - Total current assets decreased to $67,405,000 from $71,737,000 at the end of 2021, reflecting a decline of 6.0%[11] - Total liabilities decreased significantly to $21,532,000 from $28,374,000, a reduction of 24.3%[11] - Shareholders' equity increased to $62,906,000 from $60,541,000, representing a growth of 3.9%[11] - Cash and cash equivalents at the end of the period were $28,971,000, down from $32,913,000, a decrease of 12.0%[21] - Accounts Receivable decreased by $1,966,000 (9.5%) to $18,760,000 as of March 31, 2022, compared to $20,726,000 at December 31, 2021[115] - The cash surrender value of life insurance policies was $1,615,000 as of March 31, 2022, compared to $1,651,000 as of December 31, 2021[72] - The total Phantom Stock related liability as of March 31, 2022 was $1,573,000, down from $2,427,000 as of December 31, 2021[90] Expenses - Selling expenses rose to $5,783,000 in Q1 2022, an increase of $962,000 or 20.0% compared to $4,821,000 in Q1 2021, representing 18.5% of net sales[125] - General and administrative expenses decreased by $668,000 or 12.3% to $4,750,000 in Q1 2022, down from $5,418,000 in Q1 2021, representing 15.2% of net sales[126] - Engineering expenses increased by $215,000 or 21.5% to $1,216,000 in Q1 2022, accounting for 3.9% of net sales[127] - The Company recorded compensation expense of approximately $280,000 for the three months ended March 31, 2022, compared to $441,000 for the same period in 2021[91] Cash Flow - Cash used in operating activities was $3,876,000 in Q1 2022, compared to cash provided of $2,207,000 in Q1 2021, a difference of $6,083,000[137] - As of March 31, 2022, the company had a cash balance of $28,971,000 and a $15,000,000 line of credit with no borrowings outstanding[135] Inventory and Credit - As of March 31, 2022, the Company reported net inventories of $17,820,000, an increase from $15,565,000 as of December 31, 2021, reflecting a growth of 14.5%[65] - The reserve for credit losses was $1,254,000 as of March 31, 2022, down from $1,410,000 as of December 31, 2021, indicating a decrease in expected credit losses[38] - The Company has not experienced any losses related to cash balances and believes its credit risk to be minimal[35] Tax and Legal Matters - Income tax expense decreased by $170,000 or 8.3% to $1,879,000 in Q1 2022, compared to $2,049,000 in Q1 2021, primarily due to a decrease in income before taxes[130] - The Company incurred legal liabilities of £430,000 related to a dispute in the U.K., which has now been resolved[78] - The aggregate maximum exposure for all current open claims as of March 31, 2022, is estimated to not exceed approximately $8,850,000[79] Shareholder Information - Dividends declared per common share increased to $0.30 from $0.28, reflecting a growth of 7.1%[14] - Retained earnings increased by $2,423,000 or 4.8%, reaching $52,476,000 as of March 31, 2022, compared to $50,053,000 on December 31, 2021, primarily due to net income during the quarter[120] Revenue Recognition - The Company recognizes revenue based on the transfer of goods or services to customers, reflecting the expected consideration received[27] - Control of goods is deemed to transfer to the customer upon shipment, with the Company having a legal right to payment at that point[30] - The Company does not offer warranties as a separate component, as they are included with each purchase and do not create a separate performance obligation[32] Leases and Fair Value - The Company applies the requirements of Topic 842 for leases, classifying all leases as operating leases as of March 31, 2022[46] - The Company uses Level 1 inputs for fair value measurements, relying on quoted prices in active markets for its reporting unit[50] - Deferred tax assets and liabilities are recognized for future tax consequences, measured using enacted tax rates expected to apply to taxable income[55]