The Company also reported overall gross profit margins for the quarter ended March 31, 2008 of approximately 57.6%, compared to approximately 57.8% for the quarter ended March 31, 2007.
OmniaLuo reported net income of approximately $0.5 million for the quarter ended March 31, 2008, compared to net income of approximately $0.1 million for the quarter ended March 31, 2007 – a 448% increase.
Based on the weighted average number of shares outstanding of 22,840,000 as of March 31, 2008, OmniaLuo had net income of approximately $0.02 per share for the quarter ended March 31, 2008, compared to net income of approximately $0.005 per share for the quarter ended March 31, 2007, the latter based on the weighted average number of shares outstanding of 16,800,000 as of March 31, 2007.
As of March 31, 2008, a total of 28,544,752 shares of common stock were issued and outstanding on a fully diluted basis included: 1) 22,840,000 issued and outstanding shares, 2) 4,920,000 shares issuable upon exercise of private placement investor warrants, 3) 492,000 shares issuable upon exercise of placement agent warrants and 4) 292,752 shares issuable upon exercise of venture capital investor warrants.