Private company

On Track Innovations

Company that develops contactless payment solutions

On Track Innovations Ltd. (OTI), founded in 1990, is a global company that focuses on creating contactless payment solutions.3 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

1990Founded1
  • Industryfintech1
  • HeadquartersYokneam Illit1
  • Websiteotiglobal.com
  • Legal formlimited company1
  • Incorporated inIsrael5
  • Business addressHatnufa 5, Yokneam Industrial Zone, Yokneam, L3 20692005
  • Filer categoryNon-accelerated filer, Smaller reporting company5
  • LEI52990022HIG20WS6F8084
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressZ.H.R Industrial Zone, P.O. Box 32, 1210001 Rosh Pina, Israel4
  • Registered withIsraeli Corporations Authority (Department of Justice), 5200428624

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On Track Innovations Ltd. (OTI), founded in 1990, is a global company that focuses on creating contactless payment solutions.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

27.1%Gross margin6
-40.1%Operating margin6
-78.4%Net margin6
16.7%Revenue growth, 20216

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue73¢$10.8M
  • Research and development25¢$3.7M
  • Other costs2¢$296.0K
  • Income tax0¢$13.0K

Out of $14.9M in revenue.6 The company lost money this year.

Financial statements

Revenue789106$14.9M in 2021−19% since 2015
0$10.0M$20.0M$30.0M2015: $18.5M$18.5M20152016: $18.8M$18.8M2016+2%2017: $20.9M$20.9M2017+11%2018: $21.9M$21.9M2018+5%2019: $10.6M$10.6M2019−51%2020: $12.7M$12.7M2020+20%2021: $14.9M$14.9M2021+17%
Gross profit789106$4.0M in 2021−57% since 2015
0$5.0M$10.0M$15.0M2015: $9.3M$9.3M20152016: $9.2M$9.2M2016−0%2017: $10.4M$10.4M2017+13%2018: $11.2M$11.2M2018+7%2019: $4.2M$4.2M2019−62%2020: $5.1M$5.1M2020+20%2021: $4.0M$4.0M2021−21%
Operating income789106-$6.0M in 2021−12% since 2015
-$8.0M-$6.0M-$4.0M-$2.0M02015: -$6.8M-$6.8M20152016: -$2.8M-$2.8M2016−59%2017: -$2.2M-$2.2M2017−21%2018: -$2.0M-$2.0M2018−10%2019: -$5.1M-$5.1M2019+160%2020: -$4.7M-$4.7M2020−8%2021: -$6.0M-$6.0M2021+27%
Net income789106-$11.7M in 2021+63% since 2015
-$15.0M-$10.0M-$5.0M02015: -$7.2M-$7.2M20152016: -$828.0K-$828.0K2016−88%2017: -$598.0K-$598.0K2017−28%2018: -$263.0K-$263.0K2018−56%2019: -$5.9M-$5.9M2019+2139%2020: -$6.1M-$6.1M2020+4%2021: -$11.7M-$11.7M2021+90%
Fiscal year2015201620172018201920202021
Revenue$18.5M7$18.8M8$20.9M9$21.9M9$10.6M10$12.7M6$14.9M6
Cost of revenue$9.2M7$9.5M8$10.5M9$10.7M9$6.4M10$7.6M6$10.8M6
Gross profit$9.3M7$9.2M8$10.4M9$11.2M9$4.2M10$5.1M6$4.0M6
Research and development$3.4M7$2.8M8$3.3M9$3.2M9$3.3M10$3.5M6$3.7M6
Operating expenses$10.0M6
Operating income-$6.8M7-$2.8M8-$2.2M9-$2.0M9-$5.1M10-$4.7M6-$6.0M6
Income before tax-$10.1M6
Income tax$122.0K7-$131.0K8-$138.0K9-$301.0K9-$106.0K10-$10.0K6-$13.0K6
Net income-$7.2M7-$828.0K8-$598.0K9-$263.0K9-$5.9M10-$6.1M6-$11.7M6
Earnings per share-$0.116-$0.186
Shares (weighted, diluted)65.6M shares6

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Corporate structure

On Track Innovations sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of On Track Innovations

  • Jerry Lafe Ivy Jr. Filed SC 13D/A on On Track Innovations, latest Mar 18, 2022 (2 filings since Jan 27, 2022)
  • On Track Innovations Rosh Pina, Israel

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What On Track Innovations reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$8.3M6 Dec 31, 2021$8.2M6 Dec 31, 2020+1.5%
Accumulated depreciation$7.6M6 Dec 31, 2021$7.4M6 Dec 31, 2020+2.8%
Property and equipment, net$673.0K6 Dec 31, 2021$752.0K6 Dec 31, 2020−10.5%
Operating-lease assets (leased space)$2.1M6 Dec 31, 2021$2.9M6 Dec 31, 2020−26.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$815.0K6 Dec 31, 2021$1.4M6 Dec 31, 2020−40.8%
Marketable securities, current$105.0K6 Dec 31, 2020$2.3M10 Dec 31, 2019−95.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$162.0K6 Dec 31, 2021$247.0K6 Dec 31, 2020−34.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.2M6 Dec 31, 2021$2.5M6 Dec 31, 2020+29.1%
Raw materials$1.6M6 Dec 31, 2021$926.0K6 Dec 31, 2020+74.6%
Finished goods$1.6M6 Dec 31, 2021$1.6M6 Dec 31, 2020+1.9%

Leadership

Who has led On Track Innovations, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dimitrios Angelis2014
  2. Ofer Tziperman2014
  3. Shlomi Cohen2015–2019
  4. Assaf Cohen2019
  5. Yehuda Holtzman2019–2021
  6. Amir Eilam2021–2022

Chief financial officer

  1. Shay Tomer2014–2015
  2. Yishay Curelaru2016
  3. Assaf Cohen2018–2022
1995200020052010201520202025
Board members and other officers (18)

Timeline

  1. Jun 9, 20228-K Completed an acquisition or sale; Change to shareholders' rights; Change in control40
  2. May 10, 20228-K Shareholder vote41
  3. May 4, 20228-K Other events42
  4. May 3, 20228-K Results of operations; New debt or obligation; Unregistered sale of shares43
  5. Mar 17, 20228-K Entered a material agreement44
  6. Jan 31, 20228-K Entered a material agreement; Ended a material agreement; New debt or obligation45
  7. Jan 19, 20228-K Entered a material agreement; New debt or obligation; Other events46
  8. Jan 13, 20228-K Other events47
  9. Jan 12, 20228-K Other events48
  10. Jan 6, 20228-K Executive or director change49
  11. Dec 30, 20218-K Executive or director change50
  12. Dec 17, 20218-K Entered a material agreement51
  13. Nov 15, 2021New chief executive Amir Eilam becomes CEO14
  14. Nov 27, 2019New chief executive Yehuda Holtzman becomes CEO16
  15. Aug 15, 2019New chief executive Assaf Cohen becomes CEO15
  16. Aug 19, 2015New chief executive Shlomi Cohen becomes CEO17
  17. Jan 7, 2014New chief executive Ofer Tziperman becomes CEO19
  18. Jan 7, 2014New chief executive Dimitrios Angelis becomes CEO18
  19. 1990Founded Founded1

Calendar

When it reported results

  1. May 3, 2022Reported quarterly or annual results43
  2. Nov 15, 2021Reported quarterly or annual results52

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

52 filings to the SEC since October 2021: 2 annual reports, 2 quarterly reports, 16 major events, 7 insider forms, 2 large holders, 23 other. The latest 20:

  1. Jun 13, 20224 EDGAR
  2. Jun 13, 20224 EDGAR
  3. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  4. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  5. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  6. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  7. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  8. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  9. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  10. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  11. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  12. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  13. Jun 9, 2022S-8 POS REGISTRATION STATEMENT EDGAR
  14. Jun 9, 202215-12G FORM 15 EDGAR
  15. Jun 9, 20228-K CURRENT REPORT EDGAR
  16. May 25, 2022SD SPECIALIZED DISCLOSURE REPORT EDGAR
  17. May 23, 202210-Q QUARTERLY REPORT EDGAR
  18. May 17, 2022NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  19. May 10, 20228-K CURRENT REPORT EDGAR
  20. May 4, 2022DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR

The 52 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How On Track Innovations is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARON TRACK INNOVATIONS LTD2
  • CIK0001021604
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inIsrael2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3674 Semiconductors & Related Devices2
  • Business addressHatnufa 5, Yokneam Industrial Zone, Yokneam, L3 20692002
  • Phone972 4 686-80212
  • Shares outstanding75,775,393 as of May 11, 202211
  • Public float$11.6M as of Jun 30, 20216
  • On EDGAR sinceJun 14, 20022
  • Filings820 in all: 6-K (307), 8-K (110), 4 (70), SC 13D/A (36), 3 (31), SC 13G/A (28), 10-Q (25), SC 13G (18)2
    All 53 form types

    424B3 (14), DEF 14A (13), UPLOAD (12), 20-F (11), S-8 (11), S-8 POS (11), 10-K (9), F-3 (9), SD (9), EFFECT (8), CORRESP (7), PRE 14A (6), SC 13D (6), 20-F/A (5), 4/A (5), DEFA14A (5), F-1/A (5), SC TO-I/A (5), 424B5 (4), 8-A12G/A (3), F-3/A (3), NT 10-Q (3), 15-12G (2), 6-K/A (2), CT ORDER (2), F-1 (2), REGDEX (2), S-1 (2), S-3 (2), SC TO-I (2), 10-K/A (1), 25-NSE (1), 3/A (1), 424B1 (1), 424B4 (1), 5 (1), 8-A12G (1), 8-K/A (1), ARS (1), D (1), DEFM14A (1), DEFR14A (1), NT 10-K (1), PREM14A (1), S-1/A (1)

  • Latest filingsAnnual report (10-K) Apr 13, 2022
    Quarterly report (10-Q) May 23, 2022
    Proxy statement (DEF 14A) Oct 28, 2021
    Latest 8-K (8-K) Jun 9, 2022

Sources

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