ENSV
Enservco Corporation0.0005
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
29.09KP/E (TTM)
-Basic EPS (TTM)
-0.28Dividend Yield
0%Recent Filings
8-K
Director resigns amicably
10-Q
Q3 FY2024 results
Enservco's Q3 revenues climbed 52% year-over-year to $4.0M, fueled by the Buckshot acquisition that launched its Logistics Services segment with $1.7M in sales, while Production Services dipped 11% to $2.3M amid softer hot oiling and acidizing demand. Operating losses narrowed to $1.5M from $2.4M last year, thanks to lower depreciation and cost controls, though SG&A rose on integration expenses; net loss from continuing operations improved to $2.0M ($0.04 per share) versus $2.8M ($0.11 per share), with EPS aligning to 48.7M diluted shares. The deal closed August 8, 2024, for $5.0M (cash/stock/notes mix), recognizing $902K goodwill and $2.4M customer intangibles amortized over 12 years. Liquidity sits tight at $172K cash plus $85K revolver availability, with $8.8M debt including short-term Buckshot notes at 10% due December 31; free cash flow not disclosed in the 10-Q. Buckshot's early momentum hints at diversification gains. Yet integration snags in the cutthroat logistics arena could stall progress.
8-K
Default and resignations hit Enservco
Enservco Corporation faces a $1,000,000 promissory note default after missing a November 10, 2024 payment, triggering full repayment demand from Star Equity Holdings on December 10. Director Richard K. Coleman resigned December 7 without disagreements; CFO Mark Patterson quit December 9. Leadership shakeup compounds financial strain. No resolution disclosed.
8-K
Enservco lands $3.5M loan
Enservco secured a $3.5 million revolving loan facility on October 23, 2024, with Pathward National Association, allowing Buckshot Trucking to borrow up to 90% of eligible accounts receivable at WSJ Prime plus 2.5% (minimum 8%). Proceeds fund working capital and recent transaction costs, bolstering liquidity amid challenges. Yet NYSE American delisted the stock on November 1, 2024, for failing $6 million equity threshold; trading shifts to OTCQB soon. Noteholders sued over $625,000 accelerated notes after interest default.
8-K
Enservco sells future receipts
Enservco Corporation entered a Sale of Future Receivables Agreement on August 13, 2024, selling $967,500 in future receipts to Libertas Funding for $750,000 upfront, net of a $15,000 origination fee, to fund working capital and transaction expenses tied to recent deals. This non-loan structure commits 4.33% of weekly receipts—roughly $23,036—until repaid, guaranteed by CEO Richard Murphy, while easing cash flow amid strategic shifts like divesting Colorado frac heating assets. Yet integration risks loom. Buckshot boosts logistics.
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