NGHI
New Green Hemp Inc.0.3000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
6.97MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q1 FY2019 results
Galenfeha posted Q1 revenue of $1,007,082, up 42% y/y from $708,126 yet down q/q (derived) amid manhole rehab weakness offset by cosmic lateral lining surge to $664,350. Gross margin held at 73.7% despite higher costs; operating loss hit $19,098 after expenses doubled to $761,747 on payroll and G&A. Net loss swelled to $252,745 from $177,285 interest and $77,272 derivative losses—far exceeding operating shortfall due to those non-ops. Cash drained to $20,644 with negative operating cash flow of $166,308; lines of credit stood at $640,418 while equity flipped positive at $26,265 post-conversions. Debt fuels the burn. Customer concentration lingers.
8-K
CEO resigns, subsidiary sale planned
Galenfeha saw CEO Trey Moore and Director Lucien Marioneaux resign on May 30, 2019; James Ketner stepped in as President, CEO, and Chairman on June 1. Management plans to sell subsidiary Fleaux Solutions LLP entirely, possibly rename the company for a merger, withdraw the registration statement to cut costs while posting simplified financials online, and enact a 1:10 reverse split post-deal if shares surge. Debt-free on conversions now. Leadership reset.
10-K
FY2018 results
Galenfeha swung to net income of $241,568 for FY2018 ended December 31, 2018, up from a $316,756 loss in 2017, driven by 93% revenue growth to $3,747,746 from Fleaux Solutions acquisition in late January; post-acquisition revenues hit $3,335,330 with operating income of $154,870, fueled by cosmic service lateral lining at $1.5M. Q4 momentum sustained via manhole rehab and CCTV contracts, yet net trailed operating by $237k due to interest and investment losses. Lines of credit topped $639k at year-end against $181k cash, signaling tight liquidity. Auditors flag going concern doubts. Customer concentration risks 74% of sales.
8-K
Acquires Frontier assets via stock swap
Galenfeha signed a definitive agreement on December 24, 2018, to acquire all assets and operations of Frontier Oilfield Services, effective January 1, 2019. Consideration: one share of Galenfeha Preferred Stock per Frontier common share, roughly 15 million shares, in exchange for releasing all claims and liabilities. This adds oilfield saltwater disposal wells in Barnett Shale and East Texas to complement Fleaux Solutions. Executives eye 2019 growth; risks noted in forward-looking statements.
10-Q
Q3 FY2018 results
Galenfeha swung to Q3 operating income of $349,766 from a $126,739 loss y/y, fueled by revenues doubling to $1.1M on Cosmic Service Lateral Lining strength, while gross margins held firm. Post-Jan 29 acquisition of related-party Fleaux Solutions for $1 cash plus $2.1M liabilities assumed, recognizing $212k goodwill, YTD revenue hit $2.4M (Successor), up sharply y/y (derived). Cash fell to $17.8k amid $253k operating outflow; lines of credit topped $620k with $500k and $150k facilities. Debt load weighs heavy. Two customers drove 98% of revenue.
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