Energy Services of America reports Q2 net loss of $1.9M; revenue rises to $53.7M

Energy Services of America CORP

Net loss of $1.9M, diluted EPS loss of $0.11 for three months ended March 31, 2023.
Revenue of $53.7M, up 52% from $35.4M in prior-year quarter.
Adjusted EBITDA of negative $120k vs. positive $737k in prior-year quarter.
Backlog grew to $224.6M at March 31, 2023, from $120.3M a year earlier.
Six-month net loss of $1.7M vs. net income of $535k in prior-year period.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Energy Services of America CORP reported six months ended March 31, 2023 results: revenue $113,716,028, net income ($1,735,226), EPS ($0.10).

Period: six months ended March 31, 2023
Revenue: $113,716,028
Net income: ($1,735,226)
EPS: ($0.10)
Result: reported results

Exact text from the filing

Ended Six Months Ended Six Months Ended March 31, March 31, March 31, March 31, 2023 2022 2023 2022 Unaudited Unaudited Unaudited Unaudited Revenue $ 53,673,443 $ 35,392,578 $ 113,716,028 $ 78,051,703 Cost of revenues 49,772,790 32,526,959 103,829,113 69,877,711 Gross profit 3,900,653 2,865,619 9,886,915 8,173,992 Selling and administrative expenses 5,887,747

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Energy Services of America CORP reported three months ended March 31, 2023 results: revenue $53.7 million, net income ($1.9) million, EPS ($0.11).

Period: three months ended March 31, 2023
Revenue: $53.7 million
Net income: ($1.9) million
EPS: ($0.11)
Result: reported results

Exact text from the filing

generated net loss of ($1.9) million, fully diluted loss per share of ($0.11), revenues of $53.7 million, and adjusted EBITDA of ($120,000) for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001104659-23-066652

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