Enservco Earnings Reports

Enservco Corporation reported a slight increase in revenues to $3.8 million and an improved profit position with a net loss of $2.3 million for Q2 2024. The company also highlighted strategic transactions expected to benefit future performance.

Enservco reported third quarter results with revenue of $1.8 million and a net income of $8.4 million, driven by a gain on debt restructuring. The company has focused on cost reductions and strengthening its balance sheet.

Enservco Corporation reported a decrease in revenue for the second quarter of 2020, down to $2.1 million from $6.3 million in the same quarter last year. The company's net loss was $4.4 million, or $0.08 per diluted share, compared to a net loss of $3.2 million, or $0.06 per diluted share, in the same quarter last year. The company has taken steps to reduce costs by $4.0 million on an annualized basis.

Enservco Corporation received an audit opinion with a going concern qualification, as disclosed in its Form 10-K for the year ending December 31, 2019.

Enservco's Q4 2019 revenue declined to $8.1 million from $13.3 million in the same quarter last year, with a net loss of $3.3 million compared to a net loss of $517,000. The company faced challenges due to a decline in customer activity levels and pricing pressure.