secwatch.observer — SEC 8-K summary
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Issuer:     Enservco Corp (—)
CIK:        0000319458
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001437749-24-017380
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enservco Q1 net income $0.7M vs loss $1.0M; revenue up 10%; Buckshot acquisition closing early Q3
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- Revenue $9.8M, up 10% YoY; net income $0.7M ($0.03/diluted) vs net loss $1.0M ($0.07/diluted).
- Adjusted EBITDA $2.2M, up 125% from $0.99M; operating income $1.3M vs operating loss $0.5M.
- Completion services segment profit $2.9M (+97%); production services profit $364K (-33%).
- General & administrative expenses down 18% due to reduced legal costs from shareholder litigation.
- Pending acquisition of Buckshot Trucking LLC; financing being evaluated, closing targeted early Q3 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319458/000143774924017380/0001437749-24-017380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319458/000143774924017380/ensv20240516_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017380

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer