Omega Flex OFLX Engineering Expense
Engineering Expense at other companies
Other financials
Where this comes from
Reported directly by Omega Flex in its filing.
Tagged under the XBRL concept OFLX:EngineeringExpense.
The official record: Omega Flex’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Omega Flex's engineering expense?
- Omega Flex (OFLX) reported engineering expense of $1.51M in Q1 2026.
- How has Omega Flex's engineering expense changed year-over-year?
- Omega Flex's engineering expense increased by 33.8% year-over-year, from $1.13M to $1.51M.
- What is the long-term trend for Omega Flex's engineering expense?
- Over 4 years (2021 to 2025), Omega Flex's engineering expense has grown at a 2.3% compound annual growth rate (CAGR), from $4.61M to $5.04M.
- What does engineering expense mean?
- This metric captures the costs associated with research, development, and technical engineering activities dedicated to product innovation and process improvement. It reflects the company's commitment to maintaining a competitive advantage through the design of new flexible metal hose solutions or the enhancement of existing product lines. High investment in this area is often a leading indicator of future market position and long-term growth potential.